Import and export of goods with Kuwait — a bilingual EN/RU contract for the bank in 15 minutes. CISG not ratified, settlements in USD or KWD
Parties, documents and specifics for every deal scheme
Four contract types — for any deal structure with a Kuwaiti partner
Import crude oil, petroleum products, and petrochemicals from Kuwait.
Export metals, grain, construction materials, and industrial equipment to Kuwait.
A contract for services from Kuwaiti companies: finance, oil and gas, construction.
A contract for services to Kuwaiti clients: nuclear technology, construction, IT.
Key terms to reflect in the contract with Kuwait
Kuwait has not ratified CISG. But the contract from our generator is governed by Russian law, and Russia is a party to the Convention, so it applies to the sale of goods as part of Russian law (Article 1(1)(b) CISG).
CISG · Russian lawThe Kuwaiti dinar (KWD) is one of the highest-valued currencies in the world (1 KWD ≈ 3.2 USD). The parties choose the contract currency themselves.
KWD · high exchange rateThe 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 registrationKuwait is a member of the GCC. Exports to Kuwait are subject to the GCC common external tariff (5% on average). Factor this into your pricing.
GCC · customs tariffAnswers on drawing up a contract with a company from Kuwait
Fill in the form, pay online — and download right away. The file is accepted by banks and customs.
Kuwait is a member of the GCC — the Cooperation Council for the Arab States of the Gulf.
In the contract, specify the CR (Commercial Registration) number, the company's full name, address, and bank details. Verification is available through moci.gov.kw.
Kuwait has not ratified CISG. But the contract from our generator is governed by Russian law, so the Convention applies to the sale of goods as part of Russian law (Article 1(1)(b) CISG); disputes are heard by the ICAC at the Russian Chamber of Commerce and Industry.
KWD (Kuwaiti dinar) is one of the most valuable currencies in the world (1 KWD ≈ 3.2 USD). Check the payment route with your bank.
Shuaiba Port is Kuwait's main trading port.