Common use of Customs Compliance Clause in Contracts

Customs Compliance. For each shipment, Seller will comply with the export and import customs regulations as necessary for Buyer to fulfill its customs related obligations, trade program participation, origin marking or labeling requirements, local content origin requirements, preferential trade calculations and reporting requirements, invoicing and documentation requirements of the destination country. Credits or benefits resulting or arising from this contract, including trade credits, export credits, or the refund of duties, taxes or fees, shall belong to Buyer. Seller shall provide all information necessary (including written documentation and electronic transaction records) to per Buyer to receive such benefits or credits.

Appears in 2 contracts

Sources: Sales Contract, Purchase Order Agreement