CONTRACT FOR PROJECT INSTALLATION

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CONTRACTFORPROJECTINSTALLATIONThisContractforprojectofinstallingMainEngineismadeon_________,byandbetween_________CompanyLtd.(here-inaftercalledPartyA)and_________CompanyLtd.(hereinaftercalledPartyB).1.Nameofinstallationwork:_________.2.Locationofinstallationwork:PartyA's_________inPortA.3.Scopeofinstallationwork:Asspecifiedinthedrawingsandstatementattached.4.Timelimitforcompletion:Theinstallationworkshallcordinatewiththeconstructionof_________inPartyA,andshallbecompleted,includingthetrialrunfor_________,within_________daysafterthecompletionof_________.5.Totalpriceofinstallationwork:_________U.S.Donly.6.Paymenttermsofinstallationwork:Firstinstallment:PartyAshallpaytoPartyBfifteenpercentofthetotalpriceforinstallationwork,i.e._________U.S.Donly,whenthiscontractcomesintoeffect.Secondinstallment:PartyAshallpaytoPartyBfifteenpercentofthetotalpriceforinstalatiornwork,i.e_________U.S.D.only,atthecommencementofconstructioninstallation.Thirdinstallment:PartyAshallpaytoPartyBtenpercentofthetotalpriceforinstallationwork,i.e._________U.S.D.only,duringtheinstallationofpipes.Fourthinstallment:PartyAshallpaytoPartyBfortypercentofthetotalpriceforinstallationwork,i.e._________U.S.D.only,atthetimewhenthemainequipmentarrivesatthesite.Fifthinstallment:PartyAshallpaytoPartyBtenpercentofthetotalpriceforinstallationwork,i.e._________U.S.D.only,uponcomple-tionoftheinstallationwork.Sixthinstallment:PartyAshallpaytoPartyBtenpercentofthedifferenceofthepriceforinstallationwork,i.e._________U.S.D.only,aftertheworkreceivedhasbeenprovedqualified.7.Penaltyfordefault:IntheeventPartyBshallfailtocompletetheworkintimeowingtoreasonsthatPartyBshallbeheldliable,PartyBshallpayapenahyforsuchdefauhbasedononeoutofathousandofthetotalpriceforinstallationworkperday,i.e._________U.S.D,onlyforeachdayofsuchdefault.8.Increaseordecreaseofwork:IncasePartyAhastoamend,increaseordecreasetheworkingschedule,thecorrespondingincreaseordecreaseoftotalpriceshallbeevaluatedaccordingtothetermsandconditionsbetweenthetwoParties,Shouldtheworkbeincreased,thePartiesshallenterintoanagreementfortheunitpriceofadditionalitems.Shouldanypartofthecompletedworkofanypartofthemateri-alstransportedtothesitehavetobeabandonedowingtoamend-mentmadebyPartyA,PartyAshall,afterhavingreceivedthework,payforeachcompletedworkormaterialsabandonedaspertheunitpricespecifiedtoPartyB.9.Supervisionforprogress:ThesupervisionpersonnelappointedbyPartyAanditsrep-resentativeshallhavetheauthoritytosupervisetheprogressor'workandgiveinstruction.PartyBshallperformcorrectlyinac-cordancewithsuchinstructiongivenbyPartyA'spersonnelorrepresentative.10.Stopagework:ShouldPartyAnotifyPartyBtostoptheworkforreasonsbeyondtheresponsibilityofPartyB,PartyBcanstoptheworkandclaimfromPartyAthepriceoffinishedwork,materialsatsiteandotherreasonableexpensestobeaddedordeductedfromthepaidinstallments.11.Custodyofwork:Thecompletedworkandthematerials,tools,andequipmentatsiteshallbeunderthecustodyofPartyBaftercommencementandbeforecompletionanddeliveryofthework.UnlessintheeventofForceMajeure,PartyBshallbefullyresponsibleforanydamageoftheworkunderthecustodyofPartyB.IncaseofForceMajeure,PartyBshallgivealistofdamageaccordingtotheactualconditionandsuggestanexpectedpriceanddateforrecoveryfromsuchdamagetoPartyAforcheckingandpayment.ShouldPartyAdecidenottocontinuewiththework,thiscontractshallbeterminatedaccordingtoarticle10hereof.12.Warrantyforwork.PartyBshallwarrantthepromisedconditionoftheworkwithin_________year(s)afterthedateofreceivingtheworkbyPartyA.However,PartyBshallnotbeliabletoActsofGodormisuseoftheworkbyPartyA.13.Supplementalprovisions:PartyBshallbeheldresponsibleifPartyA'spersonnelorotherpeopleisinjuredduetothenegligenceofPartyBduringtheprogressofconstruction.However,suchresponsibilityshallrestuponPartyAiftheinjurycausedisduetothenegligenceofPartyAoftechnicianscontractedwithPartyA.14.Attachments:Attachmentsshallbecomeanintegralpartofthiscontractandshallbeaseffectiveasanyotherprovisions.Attachmentsinclude:(1)Drawings(2)Anestimateofcost.15.Formatofthiscontract:ThecontractshallbeinduplicatewithtwotextstobeheldseparatelybythePartieshereof.EachofthePartiesshallalsokeeptwocopiesofthecontractforrecord.16.AdditionalProvision:MaintenaceofMainEngine.PartyBshallprovidefreeperiodicmaintenanceservicefortheMainEngineof_________for_________year(s)afterthereceivingoftheworkbyPartyAandsendmaintenancepersonnelevery_________month(s)forperformingmaintenance.ThiscontracthasbeenexecutedbythePartiesasofthedayandyearfirstabovewritten.PartyA:_________PartyB:_________by:______________by:_____________Address:_________Address:_________Date:____________Date:____________

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