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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: 共2页,当前第1页12 party a agrees to send technicians to_to help training party b,s technicians at the request of the latter at any time and allows the technicians to remain with party b for inspection of the finished products. in such case, party b agrees to pay a monthly salary of u. s. $ _ for each person, all other expenses (including roun d trip tickets) will be borne by party a; 11. all import and export formalities in connection with this contract should be handled by party b; 12. all standard magnetic compasses processed by party b shall be shipped to the foreign buyers appointed by party a at any time; 13. other terms and conditions: (1) the trade marks of standard magnetic compass shall be supplied by party a, should there be any legal dispute, party a shall be held fully responsible; (2) the quality of parts and materials, if necessary, purchased in_ or_ by party b for standard magnetic compasses must measure up to standard and be approved by party a beforehand; (3)for promotional purposes, party b shall prepare samples of standard magnetic compass at any time and send them to foreign buyers appointed by party a , all parts and materials required would be supplied out of the stock supplied by party a; 14. this contract shall be made in triplicate, party a and
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