Contract (Reimbursement of Debt by Manufactured Product)

Riga ___________200_

_______________, hereinafter referred to as The Seller, in presence of chairman _______________, acting on basis of Statute of the enterprise, on the one hand, and ______________, hereinafter referred to as The Buyer, in presence of general director _______________, acting on basis of Statute of the enterprise, on other hand, have concluded following contract.

1. THE SUBJECT OF THE CONTRACT

1.1. The Seller is responsible to deliver and The Buyer is responsible to accept production, produced by ______________, hereinafter referred to as the goods.

1.2. Quantity of the goods, assortment and prices the parties agreed by the specification which is an integrated part of the present contract.

2. PRICES AND ORDER OF PAYMENT

2.1. The basis of the prices is EX-Work ___________ (INCOTERMS-90).

2.2. The prices are quoted in USD.

2.3. According to the Agreement concluded between the parties on _________ 200__, The Seller deliveries to The Buyer the goods as payment of the debt to The Buyer.

2.4. The value of the goods is ___________ USD, VAT is ___________ USD. Total value of the contract is ____________ USD (say: ____________________).

3. CONDITIONS OF DELIVERY

3.1. The Buyer will accept the goods from the store of The Seller within 10 days after present contract and the specification are signed. 3.2. The quantity to be checked, controlled at the moment of receiving. After the goods are accepted no claims will be considered regarding shortage of the goods. …