Contract Shipment

Contract Shipment refers to the shipment of goods under a specific contract in international trade, emphasizing that the shipment must strictly comply with the time, quantity, quality, packaging, and shipping terms stipulated in the contract. It is commonly used in bulk commodities, long-term supply agreements, or letter of credit transactions, where the buyer requires the seller to fulfill delivery obligations according to the contract's shipment period and method. Key points: the shipment period is a contract condition, and delay may constitute a fundamental breach; if quantity tolerance is allowed, the range must be specified; shipment notice should be sent promptly for the buyer to insure; if the L/C stipulates a shipment period, the L/C prevails in case of inconsistency with the contract. Unlike 'partial shipment' or 'transshipment', contract shipment focuses on overall contract performance rather than a single shipment act. Foreign trade practitioners should ensure shipping documents fully match contract terms to avoid rejection or claims due to discrepancies.