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About this template
What is this template?
This is a specialized agency contract for the end-to-end management of imported goods, combining logistics, finance, and sales authority. It is not a general employment contract or a simple power of attorney. It contains specific provisions for the Agent to provide upfront financing and for the Principal to be barred from interfering with the physical delivery of documents or goods.
When should you use it?
Use this when an importer wants one agent to handle everything from the customs gate to the final sale at the agent's own expense and risk. Use a standard Service Agreement instead if the agent is paid a fixed fee and does not provide project financing.
What's inside
| Clause | Name | What it does |
|---|---|---|
| Introduction | Appointment of Monopoly Agent | The Principal appoints the Agent as a monopoly agent for the specific tasks of clearing, lifting, and handling all imported goods. |
| 1 | Financing and Reimbursement | The Agent must provide the requisite finance for carriage and delivery charges, which are reimbursed first from the sale proceeds. |
| 2 | Reporting and Inspection | The Agent is required to furnish regular progress reports and maintain accounts that the Principal can inspect once a week. |
| 3 | Power of Representation | The Agent represents the Principal before manufacturers, banks, and post offices to complete sales and collect all resulting sale proceeds. |
| 5 | Demurrage and Damage Liability | The Agent pays for any demurrage or damage caused by their negligence in making payments or obtaining release documents. |
| 6 | Exclusivity and Non-Interference | The Principal is prohibited from taking delivery of documents or goods personally or authorizing any third party to do so. |
| 7 | Claims and Recovery | The Agent has the express right to lodge claims and sue railways or carrying companies for short or non-delivery of goods. |
| 9 | Duration of Agency | The agency remains active until the Agent has sold the entire consignment of currently decontrolled goods. |
Who it's for
- an importer requiring a single entity to finance and manage the entire customs clearing and sales process
- a clearing agent seeking exclusive rights to handle a specific consignment of imported goods
How long it runs and how it's signed
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