CONTRACT FOR PROCESSING

CONTRACT FOR PROCESSING

　　messrs: _________________________________

　　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. 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. 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 main 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 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 uncontrollable 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 necessary 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 compasses shall be processed by party b strictly in accordance with the design without any modification;

　　10. technical service: