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hello there my name is Dan Gardner and from wherever in the world youre tuning in to this broadcast Id like to welcome you to this our first of three training modules on topics at global trade this one entitled understanding and negotiating international sales contracts the subsequent two modules that well be doing are very much tied into international sales contracts and they are entitled Incoterms 2010 and letters of credit so while we suggest you watch all three modules its not necessary but should you decide to do that they go for about 50 minutes apiece and one builds onto the other so the first one being international sales contracts the second Incoterms or international shipping terms and the third being terms of payment letters of credit for importers and exporters having said that lets get to work here in terms of our agenda were going to bring some definitions to the table and then talk about the fundamental clauses that are involved in international sales contracts as

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What is a government contract number?

The Federal name for a contract number is a PII number (Procurement Instrument Identification number). The PII number is a 13 alpha-numeric character identifying each contract award. These 13 characters are separated into groupings of 6-2-1-4.

How do I find government contract information?

USASpending.gov This searchable database contains information for each federal contract. You can use this information to help identify procurement trends within the government and potential opportunities.

How should numbers be written in a contract?

The general rule is that all numbers ten and below should be spelled out and numbers 11 and above should be put in numerals. However, there are certain exceptions to this: If numbers recur through the text or are being used for calculations, then numerals should be used.

What are the 4 elements of a contract?

The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. In some states, elements of consideration can be satisfied by a valid substitute.

What are sections in a contract called?

The various parts of a contract are typically referred to as elements. A contract may not be legally enforceable if it does not include certain key elements.

What is contract ID number?

Number used to identify projects by the Office of Contracts. Contract ID is derived from the Project. Number.

Should you spell out numbers in a contract?

Fortunately, the rules about numbers in writing are much easier and more scintillating than the definitions of words related to numbers. The Chicago Manual of Style, The Bluebook and the ALWD Guide to Legal Citation all suggest spelling out numbers from zero to ninety-nine.

How do you write amounts in a contract?

Avoid starting a sentence with a figure; otherwise, write the number in words instead.For example: 500 or five hundred but not 5 hundred. EUR 3,000 or three thousand euro but not EUR 3 thousand. 2.5 million, 3 million, 31 billion.

What is the structure of a contract?

The main components of a contract are as follow: Preamble, Recital, Words of Agreement. Definitions. Action Section (Consideration)

How do I find my GSA contract number?

If you want to find the GSA contract number for any particular vendor, the easiest way to find the GSA number is to go to gsaelibrary.gsa.gov.

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