- CONTRACT FOR PROJECT INSTALLATION.doc

CONTRACT FOR PROJECT INSTALLATION 　　This Contract for project of installing Main Engine is made on_________， by and between _________ Company Ltd. （here- inafter called Party A） and _________ Company Ltd. （hereinaftercalled Party B）. 　　1.Name of installation work: _________. 　　2.Location of installation work: Party A#39;s_________in Port A. 　　3.Scope of installation work: As specified in the drawingsand statement attached. 　　4.Time limit for completion: 　　The installation work shall cordinate with the construction of _________ in Party A， and shall be completed， including thetrial run for _________， within _________days after the completion of _________. 　　5.Total price of installation work:_________U.S. D only. 　　6.Payment terms of installation work: 　　First installment: 　　Party A shall pay to Party B fifteen percent of the total pricefor installation work， i.e._________U.S.D only， when thiscontract comes into effect. 　　Second installment: 　　Party A shall pay to Party B fifteen percent of the total pricefor instalatiorn work， i.e_________U. S. D. only， at the commencement of construction installation. 　　Third installment: 　　Party A shall pay to Party B ten percent of the total pricefor installation work， i.e._________U. S. D. only， duringthe installation of pipes. 　　Fourth installment: 　　Party A shall pay to Party B forty percent of the total pricefor installation work， i.e._________U. S. D. only， at thetime when the main equipment arrives at the site. 　　Fifth installment: 　　Party A shall pay to Party B ten percent of the total pricefor installation work，i.e._________U. S. D. only， upon comple - tion of the installation work. 　　Sixth installment: 　　Party A shall pay to Party B ten percent of the difference of the price for installation work， i.e._________U. S. D. only， after the work received has been proved qualified. 　　7.Penalty for default: 　　In the e