Future Goods

In foreign trade, 'Future Goods' does not refer to financial derivatives, but to goods that have not yet been produced, manufactured, or actually possessed by the seller at the time of signing the sales contract, i.e., goods to be delivered in the future. According to the United Nations Convention on Contracts for the International Sale of Goods (CISG), a contract may provide for the sale of future goods. Common scenarios include customized products, seasonal agricultural products, or long-cycle production equipment. Precautions: clearly specify delivery time, quality standards, and the point of risk transfer (e.g., alongside the ship at the port of shipment or delivery at destination); if the goods are lost after the contract is concluded, liability must be determined based on the allocation of risk. The difference from 'Spot Goods' is that spot goods exist at the time of contracting and can be delivered immediately; unlike 'futures contracts,' which are standardized financial instruments, Future Goods are the subject matter of physical trade. Foreign trade practitioners should distinguish between the two to avoid confusion.