Document background
The Export Sale Contract is a fundamental document used in international trade transactions where a Philippine-based company sells and exports goods to a foreign buyer. This contract type is essential for establishing clear terms and conditions that comply with Philippine export regulations while protecting both parties' interests in cross-border commerce. It typically includes detailed provisions on product specifications, pricing, payment methods (such as Letters of Credit), delivery terms using Incoterms, quality standards, and export documentation requirements. The contract becomes particularly crucial for managing risks in international trade, ensuring compliance with both Philippine and international trade laws, and providing a clear framework for dispute resolution. Export Sale Contracts are commonly used across various industries and are especially important for businesses engaged in regular export activities from the Philippines.
