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Stages of Concluding an Import Contract for Dairy Equipment and its Execution

Author

Listed:
  • Viktor Petrovich Medvedev

    (Russian Foreign Trade Academy)

  • Irina Vladimirovna Grishina

    (Russian Foreign Trade Academy; Council for the Study of Productive Resources; Russian Academy of National Economy and Public Administration, Moscow, Russia)

Abstract

The article deals with the imports of foreign technological equipment for agricultural purposes to Russia. An overview of the international trade in this kind of equipment and of the changes in its imports to Russia is presented. The authors consider the stages of concluding a foreign trade contract and its execution. Some of the most important aspects of the negotiations, in particular on getting a discount on the price of the equipment, are revealed. Approximate costs and expenses the buyer - payment for the equipment and its delivery to the buyer’s warehouse – are assessed. The importance of supervising the maintenance of the purchased manufacturing equipment, in particular the warranty and after-sale service, is noted.

Suggested Citation

  • Viktor Petrovich Medvedev & Irina Vladimirovna Grishina, 2021. "Stages of Concluding an Import Contract for Dairy Equipment and its Execution," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 2, pages 66-75, February.
    • Handle: RePEc:alq:rufejo:rfej_2021_02_66-75
    DOI: 10.24411/2072-8042-2021-2-66-75
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