Document background
The Export Sales Contract is a fundamental document in international trade transactions, particularly crucial for Malaysian businesses engaging in cross-border sales. This contract type is essential when a Malaysian company sells goods to foreign buyers, requiring careful consideration of both domestic Malaysian laws and international trade practices. The document typically includes detailed specifications of goods, pricing, delivery terms (usually using Incoterms), payment methods (such as Letters of Credit), quality standards, and export compliance requirements. It's particularly important for managing risk in international transactions, ensuring clarity on responsibilities and obligations of both parties, and providing a clear framework for dispute resolution. The contract must comply with Malaysian legislation including the Contracts Act 1950, Sales of Goods Act 1957, and various export control regulations, while also considering international trade conventions and practices.
