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?? Contract for Exporting Mining Equipment
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Contract No. ____
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This Contract is made and entered into on the 15th,Oct. in Sulaiminiyh by and between Mass Iraq Cement Co,Ltd ( as the Buyer) and China Jiangsu Grand Economic Devolpment Co.,Ltd. a company incorporated under the laws of China(hereinafter referred to as the seller).
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Whereas, the Buyer desires to engage the Seller to provide the Mining Equipment, all related design, technical document, technical service and technical training and to obtain from the Seller a license of know-how and other technical information in relation with the Equipment’s design, erection, commissioning, operation and maintenance. Now it is hereby mutually agreed as follows:
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Article 1 Definitions
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1.1 “Acceptance ”means the Buyer accepted the Equipment in accordance with Article xx.
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1.2 “Commissioning” means the operation of the Equipment in accordance with Article 9.4 for the purpose of carrying out Performance Test.
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1.3 “Contract” means this Contract signed by and between the Buyer and the Seller, including Appendices attached which shall form an integral part of this Contract.
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1.4 “Effective Date of the Contract” means the date when the Contract enters into force upon fulfillment of all the conditions stated in Article 16.1.
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1.5 “Equipment” means the equipment, machinery, instruments, spare parts and materials supplied by the Seller as listed in Appendix 3.
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1.6 “Erection” means the installation of the Equipment including placing and connecting parts to their positions according to the design drawing.
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1.7 “Job Site” means the site where the Equipment shall be located and/or erected, namely Mass Iraq Cement Plant.
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1.8 “Last Shipment” means the shipment with which the accumulated invoice value of shipped goods has reached 100 percent of the total the Equipment price.
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1.9 “Performance Test” means the tests for examining whether the Equipment is able to meet guarantee figures .
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1.10 “Technica
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