To give notice to the Seller that the letter of credit is issued. On the date the Buyer gives notice to the Seller that the letter of credit is issued, the contract shall be effective. In case of dispute, the parties agree to attempt to resolve all disputes through friendly discussion. If the dispute cannot be resolved by friendly discussion, the dispute will be arbitrated in Arbitration Court at the Bulgarian Chamber of Commerce and Industry. The applied law is the Bulgarian Commercial Law.
Applied law is the Bulgarian Commercial Law.
The transfer of title and risks of loss or partial spoilage of the goods, the general obligations of the Seller and the Buyer and all commercial conditions and terms in the present contract are in conformity with Incoterms 1990. All Bank expenses, fees and commissions in the bank of the Seller are for the Seller's account except for the advising fees. All customs and other duties payable at the export of the goos from Bulgaria are for the Seller's account. Partial loading - allowed. Transshipment - not allowed.