Chapter 04
The copra purchase contract
A good contract writes down what is usually left to habit: whose scale is used, when the risk passes, and who pays for a re-test.
- PartiesCompany names, addresses and the authorised signatory.
- GoodsThe copra type by written definition, area of origin and lot.
- Quantity and toleranceOrdered weight, the accepted variance and the weighing basis.
- Quality and methodParameters, values, measuring method, reporting basis and how samples are drawn.
- Price and paymentPrice basis, currency, payment stages and any advance.
- HandoverHandover point, who loads, when risk passes, delivery schedule.
- DocumentsThe documents that go with each shipment and who prepares them.
- Claims and re-testClaim window, who pays for a re-test, and a third-party tester.
- Force majeure and disputesEvents that excuse the parties and how disagreements are settled.
This is a frame of questions, not legal advice. Have your own counsel read the final text.
The frame of clauses
The nine clauses in the table are enough to start a conversation with your own counsel.
If the supplier refuses to write one clause
Note which clause was refused. The refusal is part of the supplier assessment, like the price.