Import Agreement Template for Singapore

An Import Agreement spells out the terms and conditions when bringing goods into Singapore from overseas suppliers. It covers crucial details like product specifications, pricing, delivery schedules, and payment terms while ensuring compliance with Singapore Customs regulations and the Regulation of Imports and Exports Act.

These agreements protect both importers and suppliers by clearly defining quality standards, inspection requirements, and what happens if goods arrive damaged or late. They're especially important for businesses dealing with controlled items under Singapore's Strategic Goods Control system, as they help ensure proper documentation and licensing requirements are met.

Import Agreements become essential when you're planning to bring goods into Singapore regularly from international suppliers. They're particularly important for high-value shipments, controlled items like electronics or chemicals, or when establishing long-term supply relationships that need clear terms and predictable costs.

Use these agreements before starting any significant import operations, especially if you need specific product quality standards, custom packaging, or delivery schedules. They're crucial when dealing with new suppliers, handling regulated goods under Singapore's Strategic Goods Control system, or when your business requires special import licenses or permits.

• Basic Import Agreements cover standard goods with straightforward customs requirements
• Strategic Goods Import Agreements include additional controls and licensing requirements for regulated items under Singapore's Strategic Goods Control Act
• Controlled Items Agreements feature specific compliance measures for restricted goods like food, pharmaceuticals, or chemicals
• Long-term Supply Import Agreements focus on recurring shipments with detailed pricing structures and volume commitments
• Consignment Import Agreements outline terms for goods imported on a trial or temporary basis

• Importing Companies: Singapore-based businesses that need regular shipments of goods from overseas suppliers, including manufacturers, retailers, and distributors
• Foreign Suppliers: Companies outside Singapore who export goods to local businesses, responsible for meeting quality and delivery specifications
• Trade Lawyers: Draft and review agreements to ensure compliance with Singapore's import regulations and protect client interests
• Customs Brokers: Help implement agreement terms by managing documentation and clearance procedures
• Compliance Officers: Monitor adherence to import controls, especially for regulated or strategic goods

• Supplier Details: Gather complete company information, registration numbers, and contact details of the overseas supplier
• Product Specifications: Document exact descriptions, quantities, quality standards, and packaging requirements
• Import Requirements: Check Singapore Customs regulations and obtain necessary permits for your specific goods
• Payment Terms: Define currency, payment methods, credit terms, and any trade financing arrangements
• Delivery Details: Specify Incoterms, shipping schedules, ports of entry, and inspection procedures
• Legal Review: Use our platform to generate a compliant agreement that includes all mandatory elements under Singapore law

• Parties and Scope: Full legal names, addresses, and registration numbers of importer and supplier, plus detailed product descriptions
• Price and Payment: Currency, payment methods, credit terms, and any applicable taxes or duties
• Delivery Terms: Incoterms, shipping schedules, transfer of risk, and inspection procedures
• Compliance Clauses: References to Singapore's import regulations, permits, and Strategic Goods Control requirements
• Quality Standards: Product specifications, warranties, and rejection procedures
• Dispute Resolution: Singapore law as governing law, jurisdiction choice, and arbitration provisions
• Force Majeure: Events excusing non-performance under Singapore contract principles

Import Agreements are often confused with Agency Agreements in Singapore's international trade context, but they serve distinct purposes. While both deal with bringing goods into Singapore, their scope and relationships differ significantly.

• Primary Purpose: Import Agreements focus on direct purchase and delivery of specific goods from overseas suppliers, while Agency Agreement establishes a relationship where an agent represents the principal in import transactions
• Control and Liability: Import Agreements create direct responsibility for goods and payments between importer and supplier. Agency Agreements delegate authority to agents who arrange imports on behalf of others
• Payment Structure: Import Agreements specify direct product costs and payment terms, while Agency Agreements focus on commission structures and service fees
• Duration: Import Agreements often cover specific shipments or fixed periods, whereas Agency Agreements typically establish longer-term representation relationships