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)
1name of installation work _________
2location of installation work party a's_________in port a
3scope of installation work as specified in the drawingsand statement attached
4time 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 _________
5total price of installation work_________us d only
6payment terms of installation work
first installment
party a shall pay to party b fifteen percent of the total pricefor installation work ie_________usd only when thiscontract comes into effect
second installment
party a shall pay to party b fifteen percent of the total pricefor instalatiorn work ie_________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 ie_________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 ie_________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 workie_________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 ie_________u s d only after the work received has been proved qualified
7penalty for default
in the event party b shall fail to complete the work in timeowing to reasons that party b shall be held liable party b shallpay a penahy for such defauh based on one out of a thousand of the total price for installation work per day ie_________usd only for each day of such default
8increase or decrease of work
in case party a has to amendincrease or decrease the working schedule the corresponding increase or decrease of total priceshall be evaluated according to the terms and conditions betweenthe two parties should the work be increased the parties shallenter into an agreement for the unit price of additional items should any part of the completed work of any part of the materi als transported to the site have to be abandoned owing to amend ment made by party a party a shall after having received thework pay for each completed work or materials abandoned as perthe unit price specified to party b
9supervision for progress
the supervision personnel appointed by party a and its rep resentative shall have the authority to supervise the progress or'work and give instruction party b shall perform correctly in ac cordance with such instruction given by party a's personnel orrepresentative
10stopage work
should party a notify party b to stop the work for reasonsbeyond the responsibility of party b party b can stop the workand claim from party a the price of finished work materials atsite and other reasonable expenses to be added or deducted fromthe paid installments
11custody of work
the completed work and the materials tools and equipment at site shall be under the custody of party b after commencement and before completion and delivery of the work unless in the event of force majeure party b shall be fully responsible for any damage of the work under the custody of party b in case of force majeure party b shall give a list of damage according to the actual condition and suggest an expected price and date forrecovery from such damage to party a for checking and paymentshould party a decide not to continue with the work thiscontract shall be terminated according to article 10 hereof
12warranty for work
party b shall warrant the promised condition of the work within _________ year(s) after the date of receiving the work by party a however party b shall not be liable to acts of god or misuse of the work by party a
13supplemental provisions
party b shall be held responsible if party a's personnel or other people is injured due to the negligence of party b duringthe progress of construction however such responsibility shallrest upon party a if the injury caused is due to the negligence of party a of technicians contracted with party a
14attachments
attachments shall become an integral part of this contractand shall be as effective as any other provisions attachments include
(1) drawings
(2) an estimate of cost
15format of this contract
the contract shall be in duplicate with two texts to be heldseparately by the parties hereof each of the parties shall alsokeep two copies of the contract for record
16additional provision
maintenace of main engine
party b shall provide free periodic maintenance service forthe main engine of _________ for _________ year(s) after the receiving of the work by party a and send maintenance personnel every _________month(s) for performing maintenance
this contract has been executed by the parties as of the day and year first above written
party a_________ party b_________
by______________ by_____________
address_________ address_________
date____________ date____________
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