ContractforExportingMiningEquipment.docx

ContractforExportingMiningEquipment.docx

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ContractforExportingMiningEquipment

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  ContractforExportingMiningEquipment

ContractNo.____

ThisContractismadeandenteredintoonthe15th,Oct.inSulaiminiyhbyandbetweenMassIraqCementCo,Ltd（astheBuyer）andChinaJiangsuGrandEconomicDevolpmentCo.,Ltd.acompanyincorporatedunderthelawsofChina（hereinafterreferredtoastheseller）.

Whereas,theBuyerdesirestoengagetheSellertoprovidetheMiningEquipment,allrelateddesign,technicaldocument,technicalserviceandtechnicaltrainingandtoobtainfromtheSelleralicenseofknow-howandothertechnicalinformationinrelationwiththeEquipment’sdesign,erection,commissioning,operationandmaintenance.Nowitisherebymutuallyagreedasfollows:

Article1Definitions

1.1“Acceptance”meanstheBuyeracceptedtheEquipmentinaccordancewithArticlexx.

1.2“Commissioning”meanstheoperationoftheEquipmentinaccordancewithArticle9.4forthepurposeofcarryingoutPerformanceTest.

1.3“Contract”meansthisContractsignedbyandbetweentheBuyerandtheSeller,includingAppendicesattachedwhichshallformanintegralpartofthisContract.

1.4“EffectiveDateoftheContract”meansthedatewhentheContractentersintoforceuponfulfillmentofalltheconditionsstatedinArticle16.1.

1.5“Equipment”meanstheequipment,machinery,instruments,sparepartsandmaterialssuppliedbytheSelleraslistedinAppendix3.

1.6“Erection”meanstheinstallationoftheEquipmentincludingplacingandconnectingpartstotheirpositionsaccordingtothedesigndrawing.

1.7“JobSite”meansthesitewheretheEquipmentshallbelocatedand/orerected,namelyMassIraqCementPlant.

1.8“LastShipment”meanstheshipmentwithwhichtheaccumulatedinvoicevalueofshippedgoodshasreached100percentofthetotaltheEquipmentprice.

1.9“PerformanceTest”meansthetestsforexaminingwhethertheEquipmentisabletomeetguaranteefigures.

1.10“TechnicalDocument”meansthetechnicalindices,specifications,drawings,manualandinstructionsrelatedtothedesign,erection,test-run,commissioning,acceptance,operationandmaintenanceoftheEquipmenttobeprovidedbytheSeller.

1.11“TechnicalService”meansthetechnicalinstruction,assistanceandguidancerenderedbytheSeller.

1.12“TechnicalTraining”meansthetrainingrenderedbytheSeller.

1.13“TestRun”meanstheinitialrunofasinglemachineorthewholesystemoftheEquipmentwithoutmaterials.

1.14“WarrantyPeriod”meanstheperiodofthewarrantygivenbytheSellerasspecifiedinArticle10.2,duringwhichtheSellerisresponsibleforthedefectsoftheEquipmentasperArticle10.

Article2ScopeoftheContract

2.1TheSeller’sObligation

2.1.1TheSellershallsupplytheEquipmentandspareparts,providethedesign,TechnicalDocument,andconducttheTechnicalServiceandTechnicalTraining,andgrantanon-exclusiveandnon-transferablerighttousetheknow-howandothertechnicalinformationrelatedtotheEquipment’sdesign,Erection,Commission,operationandmaintenance.

2.1.2TheSellershallprocureandsupplytheEquipmentandsparepartswhichislistedinAppendix,thespecificationisdetailedinAppendix.

2.1.3TheSellershallprovidedesigninrespecttotheEquipmentandsubmittotheBuyertheTechnicalDocument.

2.1.4TheSellershallconducttheTechnicalServicesattheJobSite.

2.1.5TheSellershallconducttheTechnicalTrainingoftheBuyer’straineesasperAppendix.

2.1.6TheSelleragreestograntnon-exclusiveandnon-transferablerighttousetheknow-how,othertechnicalinformationrelatedtotheEquipment’sdesign,Erection,Commission,operationandmaintenancefreeofcharge,whichtheSellerprovidesanddisclosestotheBuyerduringtheimplementationoftheContractperiod.

2.2TheBuyer’sObligation

2.2.1TheBuyershallathisowncostsandexpenses,providetheSellerwithallinformationanddataconcerningthedesignasperAppendix.TheBuyershallensurethecorrectnessandexactitudeofallsuchinformationanddata.

2.2.2TheBuyershallathisowncostsandexpenses,obtainallnecessaryimportpermits,undertakecustomsclearance,takedeliveryoftheEquipmenttobesuppliedbytheSellerandtransportthemfromporttotheJobSiteintime.

2.2.3TheBuyershallathisowncostsandexpenses,performallthecivilworks,construction,Erection,TestRunandCommissioninginaccordancewiththeTechnicalDocumentandundertheTechnicalServicesrenderedbytheSeller.

2.2.4TheBuyershallathisowncostsandexpenses,performnecessaryadministrationandsecurityguardattheJobSite.

Article3Price

3.1TheBuyeragreestopaythetotalContractpricetotheseller,TechnicalTrainingandServicefeeisfree.

3.2ThetotalContractprice,includingpriceoftheEquipment,designandTechnicalDocument,shallbe____.

Thebreakdownisasfollows:

ThepriceforEquipmentis____.

Feefordesignis____.

FeeforTechnicalDocumentis____.

3.2.1ThetotalContractpricefortheEquipmentisfordeliveryCIFShanghai.CIFtermisinaccordancewithINTERNATIONALRULESOFTHEINTERPRETATIONOFTRADETERMS（INCOTERMS）,2000edition,issuedbytheINTERNATIONALCHAMBEROFCOMMERCE（ICC）.

3.2.2ThetotalContractpriceincludesthepriceforsparepartslistedinAppendix.However,thetotalContractpricealsocoverthesupplyofanyothersparepartsusedintheMiningconstruction.AttheBuyer’srequest,theSellermayprovidewithanyotherspareparts.Aseparateagreementwillbesignedbetweentwoparties.

3.2.3Theabovepriceisfixedandfirm.

3.3ThetotalContractpricecovertheTechnicalServicefeeandTechnicalTrainingfee.

Article4Payment

4.1DownPayment

AftersigningtheContract,theBuyershallpay30%percentoftheeachequipmentContractpricebyT/TtotheSellerwhenthesellerisfinishedtheindentwiththefactorandinformtheBuyer.

4.2

ThebalanceofthetotalContractpriceamounting___（says___only）shallpaidbyaconfirmedirrevocableLetterofCreditatsight,issuedwithin20daysaftersigningtheContractbyareputablebankandacceptabletotheSeller’sBankinfavoroftheSeller.TheLetterofCreditshallbeavailableuponthepresentationofthefollowingdocuments:

4.2.1For70percentofthetotalContractpriceamounting____（say___only）atdelivery:

（a）BillofLadinginoneoriginal.

（b）CommercialInvoiceinthreeoriginals

（c）Packinglistinoneoriginal（s）andtwocopies

（d）CertificateofOrigininoneoriginal（s）andtwocopies

（e）InsurancePolicyinoneoriginal（s）andtwocopies

4.3AllthebankingchargesincurredintheSeller’sbankshallbebornbytheSellerwhilethoseincurredoutsidetheSeller’sbankshallbebornbytheBuyer.

Article5Delivery

5.1TheDeliveryoftheEquipment

5.1.1ThedeliveryoftheEquipmentlistedinAppendixshallbecompletedwithin____（）monthsfromtheEffectiveDateofContract.

5.1.2Within____（）monthsaftertheEffectiveDateoftheContract,theSellershallsendtotheBuyerapreliminarydeliveryschedulebyEmail..

Notlaterthan____（）daysbeforethefirstshipment,theSellershallsubmittotheBuyerthefinaldeliveryscheduleinthree（3）copiesindicatingContractnumber,dispatchnumber,nameoftheEquipment,quantity,approximatedimensions,volumeofeachpackageandtimeofeachshipment.

5.1.3TheloadingportisShanghaiChina,whiletheunloadingportis____.

5.1.4Advanceshipment,partialshipmentandtransshipmentareallowed,however,theSellershallinformtheBuyerthirty（30）daysbeforesuchshipment.

5.1.5ThedateofBillofLadingforeachshipmentshallbeconsideredastheactualdeliverydate.

ThedateoftheLastShipmentshallbeconsideredastheactualwholedeliverydateoftheEquipmenttobesuppliedbytheSeller.

5.1.6IftheEquipmentareshippedondeck,theSellershallberesponsiblefortheirproperpackingandtakespecialprotectivemeasures.

5.1.7TheSellershallnotifytheBuyerbyEmailbbbofthefollowingwithinfive（5）workingdaysaftereachshipmentiseffected:

（a）Contractnumber

（b）Nameofthevesselandloadingport

（c）NameoftheEquipmentshipped

（d）NumberanddateofBillofLading

（e）Totalvolume

（f）Totalgrossandnetweight

（g）Totalnumberofpackages/cases

5.1.8TheSellershallairmailthefollowingdocumentsinduplicatetotheBuyer:

（a）BillofLading

（b）CommercialInvoice

（c）PackingList

（d）CertificateofOrigin

（e）InsurancePolicy.

5.2TheLateDeliveryoftheEquipment

5.2.1IftheSellerfailstodelivertheEquipmentinaccordancewiththefinaldeliveryschedule,theSellershallpaytotheBuyerliquidateddamagesforsuchdelayatthefollowingrates:

（a）Fromthefirstweektothefourthweek,theliquidateddamagesshallbe　　　

____（）percentofthevalueofthedelayedportionoftheEquipmentper

week

　　（b）Fromthefifthweektotheeighthweek,theliquidateddamagesshallbe

____（）percentofthevalueofthedelayedportionoftheEquipmentper

week

（c）Fromtheninthweek,theliquidateddamagesshallbe____（）percentof

thevalueofthedelayedportionoftheEquipmentperweek

5.2.2The