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1、COMPENSATION TRADE CONTRACTCOMPENSATION 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 bs manufacturing
2、of _, and is willing to sell to party a the machines and equipment; andwhereas party b agrees to buy the products, _, made by party a using the machines 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
3、 machines and equipment, andwhereas party a agrees to sell to party b the products, _, in compensation of the price of party bs machines and equipment; now therefore, in consideration of the premises and covenants described hereinafter, party a and party b agree a follows:article 1 transactionsa) pa
4、rty b agrees to provide party a with _ machines to be used in production, their auxiliary machinery, accessories and spare parts and a variety of measuring and testing instruments required in the process of production. the details of the models, names, specifications,quantity, prices, packing, deliv
5、ery , etc. thereof shall be specified in an additional equipment-import agreement 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 shall be paid off by party a with part of the m
6、anufactures made therewith and/or other goods, or with(designate name)products made in (name of the plant)if both parties agree. the specific name(s), quantity, price, delivery, etc. of the goods granted as the make-up payment shall be decided in an additional compensation goods-supply agreement mad
7、e by the parties which shall serve as a component part hereof. the equipment-import agreement and compensation-goods-supply agreement aforesaid may be merged as one called sales agreement on compensation trade(see appendix).article 2 paymentboth parties agree to open letters of credit in favor of ea
8、ch other, i.e. party a will open, at regular intervals, long term letters of credit in favor of party b to pay by installments the total cost of the machines and auxiliary equipment provided by party b; whereas party b will open sight letters of credit in favor of party a to pay the products to be d
9、elivered by party a. party a shall pay for the total cost of the machines and auxiliary equipment with the money remitted by party b as reimbursement for the products to be delivered by party a. in case the sum to be paid by party b fails to cover the value of the long-term letters of credit opened
10、by party a, the difference shall be made up by party b by paying that much to party a in advance, before the long-term letters of credit are due, to enable party a to reimburse on time the long-term letters of credit it opens. the payment of the long-term letters of credit opened by party a is based on party bs opening a sight letter of credit under the provisions and on its paying the advance required herein. thus, party b warrants, guarantees and covenants that it will open the letters of credit and pay the advance as provided herein. 内容仅供参考