Contract For Sinoforeign Compensation Trade

Party A: China, the company's legal address:

The legal representative is: the position of the people's Republic of China.

Party B: the company's legal address is:

The legal representative is: the position of the people's Republic of China.

On the basis of equality and mutual benefit, Party A and Party B, through friendly consultation, enter into this contract and abide by it.

Article 1 Contents of compensation trade

1. Party B shall provide Party A with equipment, performance specification information, auxiliary equipment and zero, spare parts, and raw materials for trial run (provided with additional annexes).

2. Party A will reimburse the price of the above equipment and other commodities as well as the products produced by the equipment supplied by Party B.

The variety, quantity, price and delivery conditions of the commodity are detailed in the appendix of the contract.

Second compensation methods

1. Party A shall issue a long-term letter of credit in favour of Party B in installments, and pay the price of all mechanical equipment in installments and installments.

2. Party B shall issue a sight letter of credit in favour of Party A to pay the goods for compensation.

3. when Party B fails to offset the amount of the L / C opened by Party B, Party B will remit to Party A the payment in advance by Party A before the maturity date of the L / C, so that Party A can negotiate the forward L / C on time.

4. Party B hereby guarantees to issue a sight certificate and advance payment in accordance with the stipulations of the contract.

Third compensation commodities

1. Party A shall supply the goods produced by Party B with equipment (see Annex), and supply Party B on the basis of each calendar month.

2. for other commodities, both parties agree to sign the supply contract in batches.

The terms of supply shall be discussed separately by both parties.

Fourth ways of repayment

1. Party A shall reimburse Party A from the first month of the month after the commissioning of the equipment at Party A.

Party A may pay back to Party B in advance, but shall notify Party B before 2. days.

3. during the period of reimbursement of equipment price by Party A's compensable goods, Party B shall open a full, prompt, irrevocable and pferable L / C in full, prompt, irrevocable, and pferable, in favor of Party A according to the relevant provisions of this contract.

The fifth repayment period is limited to the completion of the contract within the month of the Gregorian calendar.

Sixth compensation commodity pricing

1. the commodities of both sides are denominated in the currency.

2. the equipment and zero, spare parts and accessories provided by Party B shall be valued at the cost of the goods.

3. the compensation commodities provided by Party A shall be converted into Renminbi (RMB) at the prevailing Renminbi in the renminbi at the time of the signing of this contract.

Seventh calculation of interest on both sides

1. the two parties agree that the annual interest rates of the currency, the currency and the currency shall be% and% respectively.

2. the long-term letter of credit opened by Party A and the interest paid by Party B shall be borne by Party A.

Eighth technical services

1. Party A will place its equipment in the plant itself.

2. during the installation and commissioning of the main equipment, Party B shall send the person at the expense of the site to the site for guidance. The party shall be responsible for the damages if the instruction is wrong.

3. Party A provides accommodation, pportation, commissioning, acceptance of labor, water, electricity, steam supply and raw materials for installation and commissioning.

4. the representatives of the two sides jointly confirm the acceptance of the contract standard.

Ninth additional equipment

In the process of implementing this agreement, if we find that the machinery and equipment under this contract are in supporting production, we need to add new equipment or testing instruments, which can be supplemented by negotiation between the two sides.

The supplementary contents should still be included in the scope of this contract.

Tenth insurance

Party B shall be insured after the equipment is imported.

If the ownership of equipment is pferred after the payment is paid, the insurance company will compensate the insured if the accident occurs, and then return the equipment paid by Party A.

Eleventh taxes and charges

All taxes and expenses involved in the compensation trade are handled in accordance with the relevant tax laws and regulations of the People's Republic of China.

Twelfth liability for breach of contract

If Party B fails to purchase compensation commodities according to the contract stipulations or Party A fails to provide the commodities according to the contract stipulations, he shall bear the liability for breach of contract in accordance with the terms and conditions of the contract, compensate for the economic losses resulting therefrom and pay the other party a fine of% of the gross value of the total value of the goods.

Thirteenth performance guarantees

In order to ensure the effective implementation of the terms of the contract, the two parties provide the other party with a guarantee letter issued by their respective bank to guarantee it.

The guaranty Bank of Party A is Bank of China, and the guaranty Bank of Party B is the Bank of China.

Fourteenth contract changes

If the contract has not been completed, or the contents need to be supplemented or changed under special circumstances, it must be agreed by both parties and reach a written agreement.

Fifteenth force majeure

Due to force majeure causes, one party or both parties can not fulfill the relevant provisions of the contract. They should notify the other party in time. After obtaining valid evidence from the legal organ, they may allow for the extension, partial performance or failure to fulfill the relevant contractual obligations, and may be partially or totally exempt from liability for breach of contract.

The sixteenth arbitration

All disputes arising out of this agreement or the execution of this Agreement shall be settled through friendly negotiation.

If it can not be solved, the Arbitration Commission of the State Council shall be submitted to the Arbitration Commission for arbitration in accordance with the arbitration procedure.

The law applicable to arbitration is the law of the people's Republic of China.

The decision made by the Arbitration Commission is final and both parties are bound by it. Neither party may apply for change to the court or any other organ.

The cost of arbitration shall be borne by the losing party.

Seventeenth contract words and effective time

This contract is written in two languages, two texts are equally authentic.

This contract shall come into force on the date of signing and shall remain valid for the year.

Upon expiration, the two sides wish to continue their cooperation and apply for approval from the relevant departments of the Chinese government.

The eighteenth contract annex

The annexes of the contract are part and part of this contract, which are equally authentic with the body of the contract.

Party A: representative, signature, signature of China, Ltd.

Party B: the representative (signature) of the company.

Contract signing time: the year of the year