Foreign trade contract

Foreign trade contract

A foreign economic activity contract is an agreement between the president of the Russian Federation and a company that is registered in a foreign country; the subject of the agreement is the movement of goods into Russia.

the contract

FEA Contract After agreeing a contract with interested parties will only sign it. When the work on the contract is completed, it is necessary to verify the contracts with customers and the carrier, regarding the coincidence of warranty obligations, deadlines and liability. Before drawing up the contract, carefully review the list of documents for foreign economic activity.
When registering an FEA contract, there may be some questions and problems.
The specification for the contract of foreign economic activity for each delivery still causes a headache for the majority of participants of foreign economic activity. The reason for this is that customs officers require the certification of each individual specification with a seal and signature. It is especially difficult to get them from large companies. In some contracts, a separate clause is reserved for delivery terms. Here it is necessary to point to the editorial board of Incoterms, since it is best to use the latter - Incoterms 2010, in addition to this, you must accurately indicate the geographical name, as this will help avoid problems with the customs service, which will verify the correctness of the declared value.

It is important in the contract of foreign economic activity to specify what exactly is included in the package of shipping documents, the timing of their shipment. When making up the “Price” item, it is necessary to become familiar with the expenses included in the customs value and specify which of them are already included in the price of the goods. 

The clauses “liability of the parties”, “insurance” and “force majeure” should not be included in the contract formally, it is recommended to state them in detail to the maximum. It is necessary to imagine the path of the goods from the seller to the buyer and analyze what risks he may face, so that these risks can be minimized later. Based on this, the responsibilities of the parties are prescribed, it is best that it be symmetrical.