An Offer, its Kinds

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Trade Exhibitions and Fairs

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Trade fairs and exhibitions usually attract thousands of visitors and many potential buyers among them. So foreign trade associations of Russia never lose a chance to exhibit their products at international fairs and exhibitions both abroad and at home. They help promote our goods to new markets and launch new products in the markets already developed.

A great deal of profitable business is done at commercial centers at the exhibitions: new contacts are made, new transactions are concluded, new orders are placed and new markets are established.

This work goes on after the exhibitions as well: enquiries are sent out for the goods our national economy requires and offers are made for the products; our new contacts are interested in.

There are traditional fairs and exhibitions that are held annually, for example, the Leipzig fair that is organized twice a year – in spring and in autumn in Germany, the Plodiv fair in Bulgaria, the Zagreb fair in Croatia or the Nizhegorodskaya fair in Nizhny Novgorod.

Also, there are fairs and exhibitions devoted to scientific achievements in this or that field of national economy. They are called accordingly: “Chemistry-2012”, “Information and Electronics”, “Building-2012”. About 2000 international fairs and exhibitions are held in various cities of Russia every year.

The chamber of Commerce and Industry of the Russian Federation is responsible for organizing fairs and exhibitions in our country and arranging participation of our associations and enterprises in fairs and exhibitions abroad.

An Offer (a quotation) is a statement by the Sellers usually in written form expressing their wish to sell the goods. But it is not a legal document, i.e. if the Sellers for this or that reason decide not to sell, the Buyers have no legal remedy. An offer is only the first step in a contract.

Offers (quotations) will as a rule include the following information:

a) the description of the goods offered (their quality, quantity);

b) details of prices, discounts and terms of payment;

c) the date or the time and place of delivery.

There may be different kinds of offers.

Sometimes the Sellers may offer their goods to their regular customer without waiting for an enquiry or they may be forced to take the initiative under present competitive conditions and to send their quotation to those who may be interested in their goods. These are voluntary offers or sometimes they are called free offers. They were formerly called offers without obligation.

Then there are firm offers. A firm offer is a promise to supply goods on the terms stated (i.e. at a stated period of time). This promise may be expressed in a letter in the following words: “We make you a firm offer for delivery by the middle of May at the price quoted” or in some other qualifying words like ”The offer is subject to acceptance within fourteen days”, or ”The offer is open for acceptance until the fifteenth of January”.

According to the laws of the Russian Federation, the Sellers making a firm offer cannot withdraw it or change the terms offered before the stated time. According to English and American laws, the Sellers making a firm offer have the right to withdraw it at any time before it has been accepted.

Дата добавления: 2017-01-14