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 ........................
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