【正文】 __________(say__________only), specimen of which is specified in Appendix 11。s Bank in Contract Currency. The Buyer shall make the payment in the following method: Option One: The total Contract price shall be Paid by Telegraphic Transfer (T/T) according to the following installments and percentage upon presentation of the following documents. Option Two: The total Contract Price shall be paid by Documents against Payment (D/P) or Documents against Acceptance (D/A) according to the following installments and percentage upon presentation of the following documents. Option Three: The total Contract Price, except the advance payment and the Technical Service fee, shall be paid by Irrevocable Letter of Credit. The advance payment and the Technical Service fee shall be paid by Documents against Payment (D/P). The Buyer shall, within _____days after the Effective Date of the Contract, open an Irrevocable Letter of Credit, in favor of the Seller for thesaid amount. The Letter of Credit shall remain valid until__________. Advance Payment _____ Percent (_____%) of the price as specified in Article , , and , . (say_________only) shall be paid by the Buyer to the Seller within_____days after the following documents have been received and found in order: A. One (1) original and two (2) duplicate copies of the valid export license issued by relevant authorities of the Seller39。 Fees for Technical Service: for technical service related to Contract Equipment。 B. Price for spare parts。s Bank. Erection means the installation of the equipment, spare parts and materials including placing and connecting the parts to their positions according to the design drawing, details of which are specified in Appendix 10. Test Runs means the test conducted respectively on the individual equipment and a series of equipment after Erection in order to check the mechanical performance of Contract Equipment, details of which are specified in Appendix 10. Commissioning means the initial production of the Contract Plant for the purpose ofcarrying out the Performance Test after the utilities being connected and the raw materials being put into the Contract Plant, details of which are specified in Appendix 10. Performance Test means the tests conducted pursuant to Appendix 10, in order to identify whether the Contract Plant and the Contract Product have achieved the technical performance and guarantee indices specified in Appendix 3. Acceptance means the Buyer accepts the Contract Plant after it reaches the technical performance and guarantee indices specified in Appendix 3. 1. 12 Port of Shipment and Unloading refers to____________________ port, as Port of Shipment。s Republic of China (hereinafter referred to as the Buyer), as one party and__________, a corporation anized and existing under the laws of __________ (hereinafter referred to as the Seller), as the other party, under the following terms and conditions: Chapter 1 Definition In the Contract unless the context otherwise defines, Contact Equipment means the equipment, materials, spare parts or any part thereof supplied by the Seller including those with which Contract Products are produced, details of which are specified in Appendix 1 and 3 to the Contract. Contract Plant means the plant prised of Contract Equipment, Technology and the plete sets of auxiliary facilities, details as per Appendix 3 to the Contract. Contract Product means the products manufactured in the Contract Plant, the technical specifications, performance and guarantee indices of which are specified in Appendix 3. Contract Price means the sum payable to the Seller under the Contract for full and proper performance of its contractual obligations, details of which are specified in Appendix 7. Contract Currency means the currency in which the payment is made under the Contract, namely____________________ . Both Parties39。s Technical Personnel Appendix 5 The Contents of Technical Training and the Treatment for the Buyer39。s Supply Scope (Omitted) Appendix 2 Contents of Patent and/or Knowhow and Delivery Schedule of elated Documentation (Omitted) Appendix 3 Specification, Performance, Guarantee Indices and Warranty for the Contract Equipment, Contract Plant and Contract Product (Omitted) Appendix 4 The Contents of Technical Service and the Treatment for the Seller39。s Bank CIF Model Contract for Importation of Complete Plant Contract . Date of Signature: _____________. Place of Signature:_____________. This Contract is made and entered into through friendly negotiation by and between China ____________________Corporation, a corporation anized and existing under the laws of the People39。 ____________________, as Seller39。s request, provide the Buyer with spare parts for normal operation of the Contract Plant at favorable prices within_____years after the Acceptance of the Contract Plant. A separate agreement will be signed between the two Parties at that time. Chapter 3 Price The total Contract Price for Contract Equipment, license of patent and/or knowhow, design, Technical Documentation, Technical Service and Technical Training to be rendered by the Seller under the contract _________(say: __________only). The breakdown price for the Contract Plant: Price for Contract Equipment: A. Price for equipment。 B. Design fee related to licensed patent and/or knowhow and relevant Technical Documentation fee。s Bank and the Seller39。 B. One (1) original and one (1) duplicate copy of the Irrevocable Letter of Guarantee for advance payment issued by the Seller39。 E. Two (2) copies of sight draft. Payment for license, design,