英文补偿贸易合同（附中文）Compensation Trade Contract

Tliis contract is hereby made and entered into between Guangdong Jiaxing Industrial Co.,Ltd.(hereiiiafter refeiTed to as Paity A) and Tailoiig Electroiiics(Singapore) Co., Ltd.(lieremafter refened to as Paity B) on October 12,1995 in Guangzhou, Cliiiia on the basis of equality and mutual benefit and tluoiigli amicable consultation.

Paity A: Guangdong Jiaxiiig Industrial Co., Ltd・

Add: 317 Huanshi East Road, Guangzhou, Cliiiia

Tel: (020) 87786162

Fax: (020)87619503

Paity B: Tailong Electronics (Singapore) Co., Ltd.

Add: 111 North Bridge Road, Singapore

Tel: (65) 3324951

Fax: (65) 3324928

1.Contents of Tiaiisactioiis

1.1Party A agrees to buy from Paity B and Party B agrees to sell to Paity A Assembly Lilies for Color TV Sets, whose specifications, teclniical reqiiiiements, price and delivery schedule shall be specified in ail additional contract to be made between botli paities, wliich shall seive as an integral part of tliis contract.

1.2Paity B shall buy from Party A Color TV Sets turned out on the Assembly Lilies supplied by Paity B in an ainoiuit approximately equal to that of the Assembly Lines. The quality quantity, luiit price, packing and deliveiy schedule shall also be specified in ail additional contract, which shall constitute ail integral pait of tliis contract.

2.Tenns of Payment

Payment of the transactions stipulated in Article 1 shall be effected by reciprocal Ls/C・ Paity A shall open a usance L/C ill favor of Paity B to pay by iiistailments the entire cost of the Assembly Lilies to be supplied by Paity B ；whereas Paity B shall open a sight L/C in favor of Paity A to pay each sliipment of Color TV Sets to be delivered by Paity A. The tenor of the usance L/C sliall be ill consistence with the tenn of compensation stipulated ill Aiticle 3. The total proceeds received by Paity A from selling Color TV Sets to Paity B witliiii the diuation of tliis contract shall be equal to, and used to cover, the total value of the Assembly Lines. In case the total proceeds received by Paity A from selling Color TV Sets to Party B is not enough to cover the total value of the Assembly Lines, the balance shall be made up by Paity B with down payment before the usance L/C opened by Party A expires, thus enabling Paity A to effect payment due mider the usance L/C・

3.Tenn of Compensation

Paity A shall pay the total cost of the Assembly Lilies by expoitiiig Color TV Sets to Party B vvitliin 10 montlis from the 4th month after all pails of the Assembly Lilies are delivered. In principle, the amount to be paid by Paity B for its imports from Party A per month shall be 10 percent of the total ainoiuit due to be paid for the Assembly Lilies. Paity A can make payment aliead of schedule with a notice to Paity B 1 montlis

ill advance.