Import and export of goods with Jamaica — a bilingual EN/RU contract in 15 minutes. Settlements in USD/JMD, CISG not ratified
Parties, documents and specifics for every deal scheme
Four contract types — for any deal structure with a Jamaican partner
Import goods from Jamaica with a properly drafted foreign trade contract.
Export goods to Jamaica with a properly drafted foreign trade contract.
Agreement for services from Jamaican companies.
Contract for services to Jamaican clients.
Key terms to reflect in the contract with Jamaica
Jamaica has not acceded to CISG. The country's legal system is based on English law. The contract from the builder is governed by Russian law, and Russia is a party to the Convention, so the Convention applies to the sale of goods as part of Russian law (Art. 1(1)(b)).
CISG · Russian lawThe Jamaican dollar (JMD) is volatile. The contract price can be fixed in USD. SWIFT via Scotiabank Jamaica, NCB Financial Group.
USD · JMD domesticJamaica is a major tourism hub of the Caribbean and one of the world's leading producers of bauxite and alumina. Exporting bauxite requires a license from the mining agency.
Tourism · bauxiteThe deadlines for receiving proceeds are set in the contract — the bank takes them into account when registering it. Under Presidential Decree No. 430, the mandatory amount of foreign currency proceeds to be credited is tied to the mandatory sale rate — check the rate in force on the date of the deal. For amounts from 3 million RUB (import) or 10 million RUB (export), the contract is registered with the bank and receives a unique number (UNK).
173-FZ · contract registrationAnswers on drawing up a contract with a company from Jamaica
Fill in the form, pay online — and download right away. The file is accepted by banks and customs.
Jamaica is a Caribbean island nation with an economy based on tourism, mining (bauxite, alumina), and agricultural exports (rum, coffee).
Company Registration Number from the Companies Office of Jamaica (orcjamaica.com).
CISG is not ratified; Jamaican law is based on English common law. The contract from the builder is governed by Russian law, so the Convention applies as part of Russian law; disputes go to the ICAC at the Russian Chamber of Commerce and Industry.
The main port is Kingston.