REC launches 'Export Contract Builder' — a free tool for SMEs

The Russian Export Center (REC, part of VEB.RF) has introduced a new free online service for exporters — "Export Contract Builder". This tool is designed to significantly simplify the preparation of foreign trade agreements, especially for small and medium-sized enterprises (SMEs), reducing legal risks and saving time and resources.

The "Export Contract Builder" allows users to obtain a ready-made pre-filled draft contract in just a few minutes, taking into account the individual characteristics of the deal. The exporter specifies the necessary parameters: contract subject, product characteristics, delivery terms, rights and obligations of the parties according to INCOTERMS, payment procedure, and other important details, and the system automatically generates a legally correct document. The contract can be drafted in two languages (Russian and English), which is especially relevant for international cooperation.

"The Export Contract Builder is not just a template, but a flexible tool adaptable to the specifics of each transaction, for both goods and services. It allows exporters to focus on business development without delving into legal intricacies," — clarified REC Vice President Alexey Solodov.

The "Export Contract Builder" will be particularly useful for those who face difficulties in drafting foreign trade contracts:

• beginner exporters: the "Builder" will help them confidently start working in the international market, avoiding common mistakes;
• companies without legal support: the service ensures the necessary level of legal elaboration of the contract;
• companies unfamiliar with foreign economic activity terms: the intuitive interface and reference information will help understand complex aspects of foreign trade activities.

More detailed information and access to the service is available on the REC website at this link.