Validity of Quotation

Validity of Quotation is an indispensable clause in foreign trade quotations, referring to the period during which the offeror (seller) promises that the quotation terms (price, delivery time, payment method, etc.) remain unchanged. Within this period, acceptance of the quotation by the buyer constitutes a valid contract; after expiration, the seller has the right to adjust the price or refuse the deal. Use cases include: spot quotations, forward quotations, tender quotations, etc. Notes: 1) The validity period should have a clear starting point (e.g., '30 days from the date of quotation'); 2) Market fluctuations (e.g., raw materials, exchange rates) should be considered to avoid risks caused by excessively long validity periods; 3) Similar to 'Validity of Offer', but more focused on the quotation itself; different from 'Validity of Counter-offer', which targets the buyer's counter-offer. Reasonably setting the validity period can balance the interests of both parties and promote transactions.