CONTRACT FOR PROCESSING.doc

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1、CONTRACT FOR PROCESSINGMessrs: _INDUSTRY LTD. (hereinafter called Party A) and INDUSTRY LTD. (hereinafter called Party B) have agreed that Party B shall manufacture Standard Magnetic Compasses in_ with all necessary parts and materials supplied by Party A under the following terms and conditions: 1.

2、 Commodity and quantities for processing with supplied materials and assembling with supplied parts: (1) Commodity-Standard Magnetic Compass; (2) Quantity-_sets in total. 2. All necessary parts and materials listed in the contract shall either be supplied by Party A or purchased in _ or by Party B;

3、3. The processing charge for each model is as follows: (1) Standard Magnetic Compass of Type GLC-1 at U. S. $ _(SAY: _U. S. D) each; (2) Standard Magnetic Compass of Type GLC-2 at U. S. $ _(SAY: _ U. S. D) each; (3) Standard Magnetic Compass of Type GLC-3 at U. S. $ _(SAY: _U. $. D) each. 4. The mai

4、n parts, consumables and materials required for processing will be sent to (place) by Party A and if there is any shortage or damage, Party A should be held responsible for supplying replacements; 5. Party A should pay Party B by L/C or T/T covering the full amount of processing charges and costs of

5、 parts, consumables and materials purchased in_or_by Party B one month before shipment of the finished products; 6. Party B must complete the manufacturing of all Standard Magnetic Compasses of type GLC-1 and effect shipment within the agreed date without delay except in the occurrence of uncontroll

6、able and unforceeable events ; 7. The damage rate of parts and materials: The damage rate of parts and materials in processing is _% and such a damage rate of parts and materials shall be supplied free by Party A, should the damage rate exceed _ % , Party B shall supply additional materials and nece

7、ssary parts; 8. Should shipment of materials and parts sent by Party A be wrong or in excess, Party B shall return the excessive portion at the expense of Party A, in case of short shipment, Party A shall make up the shortage; 9. All parts and materials supplied by Party A for Standard Magnetic Comp

8、asses shall be processed by Party B strictly in accordance with the design without any modification; 10. Technical Service: Party A agrees to send technicians to_to help training Party B,s technicians at the request of the latter at any time and allows the technicians to remain with Party B for insp

9、ection of the finished products. In such case, Party B agrees to pay a monthly salary of U. S. $ _ for each person, all other expenses (including roun d trip tickets) will be borne by Party A; 11. All import and export formalities in connection with this contract should be handled by Party B; 12. Al

10、l Standard Magnetic Compasses processed by Party B shall be shipped to the foreign buyers appointed by Party A at any time; 13. Other terms and conditions: (1) The trade marks of Standard Magnetic Compass shall be supplied by Party A, should there be any legal dispute, Party A shall be held fully re

11、sponsible; (2) The quality of parts and materials, if necessary, purchased in_ or_ by Party B for Standard Magnetic Compasses must measure up to standard and be approved by Party A beforehand; (3)For promotional purposes, Party B shall prepare samples of Standard Magnetic Compass at any time and sen

12、d them to foreign Buyers appointed by Party A , all parts and materials required would be supplied out of the stock supplied by Party A; 14. This contract shall be made in triplicate, Party A and Party B shall, both signing all copies, retain one copy and submit one to authorities concerned in (place) for registration. INDUSTRY LTD. INDUSTRY LTD. _ _ Manager Manager