COMPENSATION TRADE CONTRACT Contract No.: __________ Date of Signing: _______ Place of Signing: ______ The two Parties: Party A:
________________________________ Address:
________________________________ Tel:_________________Fax: ______________ E-mail:
_________________________________ Party B:
________________________________ Address:
________________________________ Tel:_________________Fax: ______________ E-mail:
__________________________________
WITNESSETH
Whereas Party B has machines and equipment, which are now used in Party B''s manufacturing of
_______, and is willing to sell to Party A the machines and equipment; and
Whereas 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, and Whereas Party A agrees to
purchase from Party B the machines and equipment, and
Whereas Party A agrees to sell to Party B the products, _______, in compensation of the price of Party B''s machines and
equipment; Now therefore, in
consideration of the premises and
covenants described hereinafter, Party A and Party B agree a follows:
ARTICLE 1 TRANSACTIONS
A) Party 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, delivery , 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.