6. Product risk management
In view of the fact that both parties recognize the existence of risks in the transaction and logistics transportation process, Party A should be responsible for the risk management of the traded products.
Party A can handle the insurance of the goods during delivery to the customer by itself. Party B can also be entrusted to do it, but the insurance cost should be paid in full by Party A. If Party A does not apply for cargo insurance, Party B will not be responsible for any loss or damage to the product that occurs during the delivery of the product to the customer and is caused by reasons that are not Party B’s responsibility. The insurance company should pay for it.
7. Compensation for cargo damage
If the goods are damaged or lost due to Party B's fault, Party B shall be responsible for compensation. The method of compensation is that Party A first compensates the customer or supplier. The two parties will then negotiate compensation matters.
8. Validity period
(1) Validity period of the quotation: The logistics service price provided by Party B is valid until _________year_____month_________ day.
(2) Validity period of the agreement: This agreement will take effect from the date of signature, and the agreement will be valid until _________year________month________day.
(3) Any modification to this Agreement must be made in writing to be effective.
9. Representations and Warranties
Party A and Party B mutually declare and warrant that:
(1) The previous and current operations and services of Party A and Party B are in compliance with the applicable laws and regulations of the People's Republic of China and relevant countries, and there are no unresolved or expected investigations by courts, government agencies or regulatory agencies regarding orders, decrees or decrees.
(2) Party A and Party B shall comply with all laws and requirements applicable to their business and services, and obtain any licenses and approvals required to conduct business and provide services, and there shall be no violations and no intentional or anticipated violation or withdrawal of such requirements, licenses and approvals. 10. Keep confidentiality/not disclose secrets
The information contained in this Agreement is confidential.
During the validity period of this agreement and after its termination, neither Party A nor Party B shall disclose any business information in this agreement to any third party. Any materials and information will be kept strictly confidential.
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