COMPENSATION TRADE CONTRACT

发布时间:2024-08-09 18:19:05

contractno.:__________
  dateofsigning:_________
  placeofsigning:_______
  thetwoparties:
  partya:________________________________
  address:________________________________
  tel:_________________fax:_______________
  e-mail:_________________________________
  partyb:________________________________
  address:_______________________________
  tel:_________________fax:________________
  e-mail:_________________________________
witnesseth
whereaspartybhasmachinesandequipment,whicharenowusedinpartyb"smanufacturingof_______,andiswillingtoselltopartyathemachinesandequipment;and
  whereaspartybagreestobuytheproducts,_______,madebypartyausingthemachinesandequipmentpartybsupplies,incompensationforthepriceofthemachinesandequipment,and
  whereaspartyaagreestopurchasefrompartybthemachinesandequipment,and
  whereaspartyaagreestoselltopartybtheproducts,_______,incompensationofthepriceofpartyb"smachinesandequipment;nowtherefore,inconsiderationofthepremisesandcovenantsdescribedhereinafter,partyaandpartybagreeafollows:
  
article1transactions
  a)partybagreestoprovidepartyawith_________machinestobeusedinproduction,theirauxiliarymachinery,,names,specifications,quantity,prices,packing,delivery,-importagreementtobeconcludedbyandbetweenbothpartieswhichshallserveasancomponentparthereof.
  b)thetotalvalueofthemachines,auxiliaryequipment,/orothergoods,orwith(designatename)productsmadein(nameoftheplant)(s),quantity,price,delivery,-importagreementandcompensation-goods-supplyagreementaforesaidmaybemergedasonecalledsalesagreementoncompensationtrade(seeappendix).
  
article2payment
  bothpartiesagreetoopenlettersofcreditinfavorofeachother,.partyawillopen,atregularintervals,longtermlettersofcreditinfavorofpartybtopaybyinstallmentsthetotalcostofthemachinesandauxiliaryequipmentprovidedbypartyb;-termlettersofcreditopenedbypartya,thedifferenceshallbemadeupbypartybbypayingthatmuchtopartyainadvance,beforethelong-termlettersofcreditaredue,-termlettersofcreditopenedbypartyaisbasedonpartyb",partybwarrants,guaranteesandcovenantsthatitwillopenthelettersofcreditandpaytheadvanceasprovidedherein.
  
article3reimbursement
  partyashallreimbursepartybforallthemachinesandauxiliaryequipmentsuppliedbypartybbydeliveringgoodstopartybonamonthlybasisandthereimbursementwilllastfor___year(s)and____months(s).thereimbursementshallstartapproximately____month(s)afterthefirstdeliveryofthemachinesand,inprinciple,(s)noticetopartyb,partyamayreimbursepartybinadvance.
  withinthereimbursementperiod,partybshall,undertheprovisionsoftheadditionalsalesagreementaforesaid,open,sight,irrevocable,divisibleandassignablelettersofcredit,coveringthefullamount,infavorofpartya.
  
article4standardmoneyandpricestandard
  thestandardmoneyforthistransactionis(nameofcurrency).allthemachinery,auxiliaryequipmentandmeasuringandtestinginstruments,(nameofcurrency),whilethegoodsprovidedbypartyatopartybasreimbursementshallbevaluedwiththebasisprice(nameofcurrency)ofthesamegoodsexportedbypartyaatthetimewhenthisagreementisenteredinto,andthetotalprice(nameofcurrency)shallbechangedintothatof(nameofcurrency)inaccordancewiththeexchangeratethen.
  
article5intrerest
  %.
  
article6technicalservice
  themachinery,afterarrivalatitsdestination,shallbeinstalledbypartya,partybshalldispatchitstechnicianstorenderspotinstructionsandothernecessarytechnicalassistanceduringtheinstallationofthemainmachines,asmayberequestedbypartyaincaseofnecessity,partybshallbeliableforthelossesresultedinsuchacourseofinstallationfromtechnicaldefaultonitspart.
  
article7additionalequipment
  duringtheenforcementofthisagreement,ifitisfoundnecessarythat,inadditiontothemachineryandequipmentlistedherein,somenewaccessoriesormeasuringandtestinginstrumentsareneededforcompletionoftheproject,(an)additionalorder(s).
  
article8insurance
  themachineryandauxiliaryequipment,aftershipment,,thereafter,theunforeseeablelossesconcerningthemachineryandauxiliaryequipmentshallbeindemnifiedforfirstbytheinsurancecompanytopartyb,thenpartybshallremitforpartya,inproportion,thesumalreadypaidbypartyaforthemachineryorequipmentinvolvedinthecontingency.
  
article9liabilityforbreachofagreement
  partybshall,ifitfailstocomplywiththisagreementtomakepurchaseofthegoodsdeliveredbypartyaasreimbursement,orpartyashall,ifitfailstocomplywiththisagreementtodeliverthegoodsitisduetoprovide,bedeemedliableforabreachofagreementandshallcompensatethenon-breachingpartyforthelosscausedthereuponandshallpaythenon-breachingpartyafineaccountingfor%ofthetotalvalueofthegoodsinquestion.
  
article10performanceguarantee
  toguaranteetheimplementationofthisagreement,,______,whiletheguaranteeingbankofpartybis______bank,______.
  
article11amendmnet
  themodificationofthisagreementinparticularcasesshallbeagreeduponbybothpartiesthroughnegotiations.
  
article12forcemajeure
  incasethatoneorbothpartiesareimpossibletoperformthedutiesprovidedhereinonaccountofforcemajeure,theparty(orparties)incontingencyshallinformtheotherparty(oreachother)ofthecaseimmediatelyandmay,providedthecaseisdulyverifiedbythecompetentauthorities,delayinperformanceofornotperformtherelevantdutieshereunderthebepartiallyorentirelyexemptedfromtheliabilityforbreachofthisagreement.
  
article13arbitration
  anydisputearisingfromorinconnectionwiththiscontractshallbesubmittedtochinainternationaleconomicandtradearbitrationcommission,shenzhencommissionforarbitrationwhichshallbeconductedinaccordancewiththecommission".
  notwithstandinganyreferencetoarbitration,bothpartiesshallcontinuetoperformtheirrespectiveobligationsunderthecontractunlessotherwiseagreed.
  
articlelanguageandeffectivedate
  
therearetwooriginalshereofmaderespectivelyinchineseand______,bothofwhichareofthesameeffect.
  ,thepartiesmay,iftheychoose,extendthetermhereoffor_____yearsorexecuteanewcooperationagreement,providedtheyapplytoandapprovedbytheauthorityagenciesconcerned.
  
  partya        partyb

  representativeof___representativeof____

  (authorizedsignature)___(authorizedsignature) 




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