- CONTRACT FOR PROCESSING.doc

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 ra