BONDED PROCESSING TRADE CONTRACT
This contract is made and agreed on this Nineteenth day of August,19___by and between the following parties concerned:
American Trade Inc., hereinafter referred to as Party A,
having their head office at
San Francisco, U.S.A.and
Dae Yang Trading Co., Ltd., hereinafter referred to as Party B,
having their head office at
Seoul, Korea
Whereas it is the mutual intent and desire to bring a satisfactory conclusion of this contract, both parties concerned hereto acting as principals, with the care of good manager trusting in the sincerity and faith of parties concerned and whereas it is futher promise and convenience to promote mutually reliable and advantageous business transaction, the parties concerned hereto agree the terms and conditions of this contract mentioned hereunder :
Articel 1 Party A exports to Party B Rayon Yarns as specified in the attached sheet, and
Party Aa Rayon Fabrics after bonded processing as specified in the attached
sheet.
Article 2 Party B guarantees the quality of the Rayon Fabrics to be strictly equivalent to
the samples already confirmed by Party A.
Article 3 Party A establishes a letter of Credit on the amount of $8,000 approx. in fabor
of Party B, and then Party B opens Credit in favor of Party A in the amount
which is to be proper for proper for processing the ordered quantity.
Article 4 Shipments are to be carried out partially as agreed upon by Parties A and B, and
establishments of Credits after the first Credit are to be made partially as agreed
upon in consideration of execution of the first Credit.
Article 5 The term of this contract is one year, and further extension and/or renewal may
be possible after consultation by Parties A and B. |
2008.04.03
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