英文补偿贸易合同（附中文）.docVIP

英文补偿贸易合同（附中文） Compensation Trade Contract This contract is hereby made and entered into between Guangdong Jiaxing Industrial Co.,Ltd.(hereinafter referred to as Party A) and Tailong Electronics(Singapore) Co., Ltd.(hereinafter referred to as Party B) on October 12,1995 in Guangzhou, China on the basis of equality and mutual benefit and through amicable consultation. Party A: Guangdong Jiaxing Industrial Co., Ltd. Add: 317 Huanshi East Road, Guangzhou, China Tel: (020)Fax: (020)Party B: Tailong Electronics (Singapore) Co., Ltd. Add: 111 North Bridge Road, Singapore Tel: (65) 3324951 Fax: (65) 3324928 1. Contents of Transactions 1.1 Party A agrees to buy from Party B and Party B agrees to sell to Party A Assembly Lines for Color TV Sets, whose specifications, technical requirements, price and delivery schedule shall be specified in an additional contract to be made between both parties, which shall serve as an integral part of this contract. 1.2 Party B shall buy from Party A Color TV Sets turned out on the Assembly Lines supplied by Party B in an amount approximately equal to that of the Assembly Lines. The quality, quantity, unit price, packing and delivery schedule shall also be specified in an additional contract, which shall constitute an integral part of this contract. 2. Terms of Payment Payment of the transactions stipulated in Article 1 shall be effected by reciprocal Ls/C. Party A shall open a usance L/C in favor of Party B to pay by installments the entire cost of the Assembly Lines to be supplied by Party B； whereas Party B shall open a sight L/C in favor of Party A to pay each shipment of Color TV Sets to be delivered by Party A. The tenor of the usance L/C shall be in consistence with the term of compensation stipulated in Article 3. The total proceeds received by Party A from selling Color TV Sets to Party B within the duration of this contract shall be equal to, and used to cover, the total value of the Assembly Lines. In case the