补偿贸易英文合同

1、补偿贸易英文合同COMPENSATION TRADE CONTRACTContract No.：_Date of Signing：_Place of Signing：_The two Parties：Party A：_Address：_Tel：_ Fax：_E-mail：_Party B：_Address：_Tel：_ Fax：_E-mail：_WITNESSETHWhereas Party B has machines and equipment, which are now used in Party Bsof _ , and is willing to sell to Party A t

2、he machines and equipment；andWhereas Party B agrees to buy the products,_ , made by Party A using themachines and equipment Party B supplies, in compensation for the price of the machines and equipment, andWhereas Party A agrees to purchase from Party B the machines and equipment, andWhereas Party A

3、 agrees to sell to Party B the products, _ , in compensationof the price of Party Bs machines and equipment；Now therefore, in consideration of thepremises and covenants described hereinafter, Party A and Party B agree a follows：ARTICLE 1 TRANSACTIONSA)Party B agrees to provide Party A with _ machine

4、s to be used inproduction, their auxiliary machinery, accessories and spare parts and a variety of measuringand testing instruments required in the process of production. The details of the models, names,specifications,quantity, prices, packing, delivery , etc. thereof shall be specified in an addit

5、ional equipment-importagreement to be concluded by and between both parties which shall serve as an component part hereof.B)The total value of the machines, auxiliary equipment, etc. supplied by part B shallbe paid off by Party A with part of the manufactures made therewith and/or other goods, or wi

6、th(designate name)products made in(Nameof the plant)if both parties agree. The specificname(s), quantity, price, delivery, etc. of the goods granted as the make-up payment shallbe decided in an additional compensation goods-supply agreement madeby the parties which shall serve as acomponent part her

7、eof. The equipment-import agreement and compensation-goods-supply agreement aforesaidmay be merged as one called sales agreement on compensation trade(Seeappendix).ARTICLE 2 PAYMENTBoth parties agree to open letters of credit in favor of each other, i.e. Party A will open, at regular intervals,long

8、term letters of credit in favor of Party B to pay by installments the total cost of the machines and auxiliaryequipment provided by Party B；whereas PartyB will open sight letters of credit in favor of Party A to pay the products to be delivered by Party A. Party A shall payfor the total cost of the

9、machines and auxiliary equipment with the money remitted by Party B as reimbursement forthe products to be delivered by Party A.manufacturingIn case the sum to be paid by Party B fails to cover the value of the long-term letters of credit opened by Party A, thedifference shall be made up by Party B

10、by paying that much to Party A in advance, before the long-term letters ofcredit are due, to enable Party A to reimburse on time the long-term letters of credit it opens. The payment of thelong-term letters of credit opened by Party A is based on Party Bs opening a sight letter of credit under thepr

11、ovisionsand on its paying the advance required herein. Thus, Party B warrants, guarantees and covenants that it will openthe letters of credit and pay the advance as provided herein.ARTICLE 3 REIMBURSEMENTParty A shall reimburse Party B for all the machines and auxiliary equipment supplied byParty B

12、 by delivering goods to Party B on a monthly basis and the reimbursement will last for_ year(s)and_ months(s). The reimbursement shallstart approximately _ month(s)after the first delivery of the machines and, in principle, the money to bereimbursed per month shall bepercent of thetotal amount due f

13、or the machines. With a _ month(s)notice to Party B, PartyA may reimburse Party B in advance.Within the reimbursement period, Party B shall, under the provisions of the additional sales agreementaforesaid, open, sight, irrevocable, divisible and assignable letters of credit, covering the full amount

14、, in favor ofParty A.ARTICLE 4 STANDARD MONEY AND PRICE STANDARDThe standard moneyfor this transaction is(Nameof currency). All the machinery, auxiliary equipment andmeasuring and testing instruments , etc. provided by Party B shall be valued with(Name of currency), while thegoods provided by Party

15、A to Party B as reimbursement shall be valued with the basis price(Nameof currency)ofthe same goods exported by Party A at the time when this agreement is entered into, and the total price(Nameofcurrency)shall be changed into that of(Name of currency)in accordance with the exchange rate then.ARTICLE

16、 5 INTRERESTParty A shall pay the interest on its long-term letters of credit and the interest on thecash in advance rendered by Party B. The annual interest rate is agreed upon at%.ARTICLE 6 TECHNICAL SERVICEThe machinery, after arrival at its destination, shall be installed by Party A, Party B sha

17、ll dispatch itstechnicians to render spot instructions and other necessary technical assistance during the installation of the mainmachines, as may be requested by Party A in case of necessity, Party B shall be liable for the losses resulted insuch a course of installation from technical default on

18、its part.ARTICLE 7 ADDITIONAL EQUIPMENTDuring the enforcement of this agreement, if it is found necessary that, in addition tothe machinery and equipment listed herein, some new accessories or measuring and testing instruments areneeded for completion of the project,（an）additional order（s）may be mad

19、e through negotiation by the parties. The new items thus added shall beincorporated in agreement.ARTICLE 8 INSURANCEThe machinery and auxiliary equipment, after shipment, shall be insured by Party B. The title thereof shall betransferred into Party B after full payment therefore is made by Party B,

20、thereafter, the unforeseeable lossesconcerning the machinery and auxiliary equipment shall be indemnified for first by the Insurance Companyto PartyB, then Party B shall remit for Party A,in proportion, the sum already paid by Party A for the machinery orequipment involved in the contingency.ARTICLE

21、 9 LIABILITY FOR BREACH OF AGREEMENTParty B shall , if it fails to comply with this agreement to make purchase of the goods delivered by Party A asreimbursement, or Party A shall, if it fails to comply with this agreement to deliver the goods it is due to provide, bedeemedliable for a breach of agre

22、ement and shall compensate the non-breaching Party for the loss causedthereupon and shall pay the non-breaching Party a fine accounting for % of the total value of the goods in question.ARTICLE 10 PERFORMANCE GUARANTEETo guarantee the implementation of this agreement, each party shall submit to the

23、other party a letter ofguarantee issued by its bank respectively. The guaranteeing bank of Party A isBank, , while theguaranteeing bankof Party B is _Bank, _ .ARTICLE 11 AMENDMNETThe modification of this agreement in particular cases shall be agreed upon by both parties throughnegotiations.ARTICLE 1

24、2 Force MajeureIn case that one or both parties are herein on impossible to perform the duties providedaccount of force majeure, the party inform the(orparties)in contingency shall of theother party(or each other)case immediately and may, providedthe case is duly verified by thecompetent authorities

25、, delay inperformance of ornot perform the relevant duties hereunder the be partially theor entirely exempted fromliability for breach of this agreement.ARTICLE 13 ARBITRATIONAny dispute arising from or in connection with this Contract shall be submitted to China InternationalEconomic and Trade Arbitration Commission,Shenzhen Commission for arbitration which shall be conducted inaccordance with the Commissions arbitration rules in effect at the tim