Da Qing Long Jiang Wind Farm Project 50MW Wind Turbines Equipment Supply Contract This document is a summary translation of key terms only from the original contract that is written in Chinese. It is a summary, not a complete translation, and not all...
Da
Xxxx Xxxx Jiang Wind Farm Project
50MW
Wind Turbines Equipment Supply Contract
This document is a summary
translation of key terms only from the original contract that is written in
Chinese. It is a summary, not a complete translation, and not all
words or meanings may have the same effect as in the original
contract.
Date:
August 30, 2007
Venue:
Wuhan
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1.
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Definition
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1.1.
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“Buyer” means Da
Xxxx Xxxx Jiang Wind Power Ltd.
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1.2.
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“Supplier”
means Wuhan Xxx Xx Nordic New Energy
Ltd.
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2.
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Contract
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2.1.
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This
contact should include manufacturing, transportation, installation,
testing, successful production and quality assurance of wind turbines
equipment (towers are not included). This contract should also include all
the accessories equipment, replacement parts, specialized tools, blue
prints, technical support, training and all the technical documents to
ensure the installation, testing, training, technical support, operation
and maintenance.
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2.2.
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Condition
of equipments delivery: The equipments should be delivered to buyer at the
project site. Supplier should be responsible for the train/ship
arrangement to deliver the equipments to the site that designated by the
buyer.
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3.
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Products
and equipments
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3.1.
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Suppler
to should supply the following equipments to the
buyer:
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3.1.1.
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1st
batch should include:
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No.
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Equipment
name
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Type
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Units
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Delivery
date
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Venue
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1
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Wind
turbines
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DW1.0/56
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10
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4
Ms aft. the signing date
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Project
site
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2
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Centralized
surveillance system
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DW-CT02
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1
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4
Ms aft. the signing date
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Project
site
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3
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Replacement
parts
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1
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4
Ms aft. the signing date
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Project
site
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4
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Consumable
products
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1
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4
Ms aft. the signing date
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Project
site
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5
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Specialized
tools
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1
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4
Ms aft. the signing date
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Project
site
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6
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Training
(domestic)
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120ppls
days
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2
Ms aft. the signing
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Wuhan
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7
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Training
(oversea)
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30ppls
days
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2
Ms aft. the signing
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Sweden
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8
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Installation
and testing
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1
Week aft. equipment delivery
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Project
site
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||
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9
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Technical
support
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24
months
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After
installation
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Project
site
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10
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Technical
documents
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10
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Prior
to signing contract
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Project
site
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11
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Transportation
and insurance
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10
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To
be arranged before transportation
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Project
site
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3.1.2.
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2nd
batch should include:
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No.
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Equipment
name
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Type
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Units
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Delivery
date
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Venue
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1
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Wind
turbines
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DW1.0/56
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40
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10
Ms aft. receiving the notice from the buyer
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Project
site
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2
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Replacement
parts
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1
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10
Ms aft. receiving the notice from the buyer
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Project
site
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|
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3
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Consumable
products
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1
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10
Ms aft. receiving the notice from the buyer
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Project
site
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|
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4
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Installation
and testing
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1
Week aft. equipment delivery
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Project
site
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||
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5
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Technical
support
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24
Ms
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After
installation
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Project
site
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|
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6
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Technical
documents
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40
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Prior
signing the contact
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Project
site
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7
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Transportation
and insurance
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40
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To
be arranged before transportation
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Project
site
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4.
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Contract
terms
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4.1.
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Total
contract is valued at RMB 316.900238 million,
including:
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4.1.1.
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50
units of wind turbines at RMB 287.50 million (50units×RMB 5.75 million per
unit)
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4.1.2.
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Others
at RMB 29.400238 million, including technical documents, technical service
fees, taxes, transportation costs, insurance and other expenses related to
the contract.
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5.
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Payment
terms
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5.1.1.
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Within
30 days after the contract effective date, buyer should pay 5% (RMB 15.845
million) to the supplier as deposit
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5.1.2.
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Within
60 days after the contract effective date, buyer should pay 25% of the
1st
batch equipment price (RMB 15.6875 million) to the supplier as
pre-payment.
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5.1.3.
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Upon
the delivery of the equipment at project site, buyer should pay 35% of the
1st
batch equipment price (RMB 21.9765 million) to
supplier
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5.1.4.
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Upon
successful testing, the buyer should pay 30% of the 1st
batch equipment price (RMB 18.837 million) to
supplier.
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5.1.5.
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Retention
money as 5% of the 1st
batch equipment price (RMB 3.1395 million) to be paid by buyer after
signing the final acceptance
letter.
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5.2.
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Payment
terms of the 2nd
batch equipments:
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5.2.1.
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After
receiving a written notice from the buyer, and within 30 days that the
supplier commences the production of the 2nd batch equipments, the buyer
should pay 25% of the 2nd batch equipment price (RMB 63.5275 million) as
pre-payment to the supplier.
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5.2.2.
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35%
of the 2nd
batch equipment price (RMB 88.9385 million) should be paid to the supplier
after buyer receives the
equipments.
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5.2.3.
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30%
of the 2nd
batch equipment price (RMB 76.233 million) to be paid after installation
and testing.
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5.2.4.
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5%
retention money (RMB 12.7055 million) to be paid after signing the final
acceptance letter.
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