This Agreement is entered into between _________ Co. (hereinafter referred to as the Consignor), having its registered office at _________, Shanghai, China and _________ CO. (hereinafter referred to as the Consignee), having its registered office at_________, on the following terms and conditions:
1.The Consignor shall from time to time ship _________ (commodity) to the consignee on Consignment basis at the prevailing international market prices on CIF terms. The interval between each shipment shall be approximately ninety days.
2.The Consignee must try to sell the consignments at the best possible prices after obtaining the approval of the Consignor as to price, terms, etc.
3.Each shipment by ship at the initial stage will not exceed U.S.D._________ and the outstanding liabilities on the Consignee shall be in the vicinity of not more than U.S.D. _________ only.
4.The Consignor shall at no time be responsible for any bad debts arising out of credit sales to any _________ buyers. Making payments to the Consignor shall at all times be the sole responsibility of the Consignee.
5.The Consignee shall accept the Bills of Exchange drawn by the Consignor on him at 90 days'sight with interest payable at _________ % per annum.
6.The Consignee shall collect the shipping documents including B/L from the Consignor's bank against Trust Receipt duly signed by the Consignee.
7.The Consignor shall absorb insurance premium and warehousing charges up to the date of delivery to customers.
8.The consignor shall observe the regulations of the government of _________.
9.This Agreement is written in English, in two originals; each Party retains one copy.
As a token of acceptance, both parties have set their respective hands on this _________ day of _________ ,_________ with understanding and knowledge of the contents stated hereinabove.
The Consignor(signature):_________ The Consignee(signature):_________
Date:_________ Date:_________