Import and Export Formalities Sample Clauses
The Import and Export Formalities clause outlines the responsibilities of the parties regarding compliance with all laws and regulations related to the importation and exportation of goods or services under the agreement. Typically, this clause specifies which party is responsible for obtaining necessary licenses, permits, or documentation, and may address who bears the costs and risks associated with customs clearance and duties. Its core function is to ensure that both parties understand and fulfill their legal obligations in cross-border transactions, thereby minimizing delays, legal risks, and potential penalties.
POPULAR SAMPLE Copied 3 times
Import and Export Formalities. If Products will be exported or imported before arriving at Seagate’s final ship-to destination, Supplier will be the exporter of record and will be responsible for performing all export formalities; Seagate will be the importer of record and will be responsible for performing all import formalities. For imports to the United States, Supplier will provide the customs clearance documentation specified in Exhibit B.
Import and Export Formalities. If Products will be exported or imported before arriving at Seagate’s final ship-to destination, Komag will be the exporter of record and will be responsible for performing all export formalities; Seagate will be the importer of record and will be responsible for performing all import formalities. For imports to the United States, Suppler will provide the customs clearance documentation specified in Exhibit B.
Import and Export Formalities. If Products will be exported or imported before arriving at Seagate’s final ship-to destination, Supplier will be the exporter of record and will be responsible for performing all export formalities; Seagate will be the importer of record and will be responsible for performing all import formalities. Unless otherwise agreed in writing between the parties, Supplier will use Seagate’s freight forwarders and will coordinate transportation with Seagate to minimize or eliminate import and export taxes, duties and freight charges. Any shipping delay expenses will be the shipping party’s responsibility. For imports to the United States, Supplier will provide the customs clearance documentation specified in Exhibit B.