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Designated settlement warehouse agreement

June 11,2017      views

Designated settlement warehouse agreement

 

Party a:

Address:

Legal representative:

Contact:

 

 

 

 

Party b:

Address:

Legal representative:

Contact:

 

 

By both parties through friendly consultations , party in accordance with the magnesium material trading center in Northeast Asia designated settlement warehouse supervision regulations and related provisions, application under party b, party b for party a specified   spot commodities designated settlement warehouse. Party b becomes the designated settlement warehouse reached the following agreement:

 

 

First, General provisions

First party mentioned in this Agreement shall refer to: magnesia materials trading center in Northeast Asia.

Party b is mentioned in article II of this agreement:

Article both parties must strictly abide by relevant State laws and regulations, implementation of the magnesia materials trading center in Northeast Asia trade regulations, the magnesia materials trading center in Northeast Asia settlement rules, magnesia materials trading center in Northeast Asia designated settlement warehouse supervision and regulation of terms and conditions.

Second, the rights and obligations of the parties

Fourth party a to party b's settlement business regulation and oversight.

Fifth Party b must strictly abide by the party publishing the relevant provisions of the other, conservative and spot transactions relating to trade secrets.

Article sixth registered in the register before the registration of the warehouse receipt and warehouse receipt after you log off, party b shall provide warehousing services and traders signed contracts. This agreement does not replace b with dealers signed warehousing contract. Party b and party a dealer signed a warehousing contract is not inconsistent with the settlement rules magnesia materials trading center in Northeast Asia and the magnesium material trading center in Northeast Asia provisions of the designated settlement warehouse management approach.

Article seventh party should ensure that physical inventory voucher number consistent with the stock certificates and quality meet the requirements of party a quality requirement.

Eighth party b shall maintain the accuracy of measuring instruments and periodic calibration.

Nineth without party a's permission, party b shall not move the physical stock certificates correspond to the standard library. But in party business, qualification or cancellation of designated settlement warehouse, liquidation or bankruptcy cases, b stock certificates correspond to the underlying physical should be moved to other designated settlement warehouse allowed by the party.

Tenth party b has to pay storage and regulatory costs as performance guarantees.

(A )  at the time of signing this agreement with party a party b shall pay each year to party a warehousing regulatory cost 20 million Yuan. Otherwise, party a has the right to suspend the party's clearing business qualification or cancel the designated settlement warehouse.

(The second )  if necessary, party b's business volume and b to pay a certain amount of risk business risk deposit.

(C ) losses due to party b violations to the dealer, first party a party b shall pay compensation for risk deposit, the deposit is insufficient to compensate, party a to party b is entitled to recovery.

(Four ) b give up or cancellation of designated settlement warehouse membership , all in settlement goods or all becomes a spot, and with the party after the settlement of claims and debts ,  paid by party a return party risk deposit.

11th party b shall not perform this agreement obligations or performance does not meet the prescribed, shall be liable for breach of contract. This agreement for breach of contract has been agreed, in accordance with the agreed commitments; no agreement, party b should directly assume liability for economic loss due to default.

12th party b shall issue a party authorized party spot warehousing all responsibility, settlement services provide a full written document jointly and severally guarantee, the written documents subject to guarantees the signature and seal of the legal representative of the subject.

13th a and b have not fulfilled this agreement obligations or performance does not meet the prescribed, shall bear corresponding liability for breach.

Three descriptions, protocols

14th article b as violation this agreement of about agreed or violation national about legal, exists may damage party, and party trading business interests of case, party right to unilateral terminated this agreement and to announcement form notification b; in this agreement validity within, b as proposed terminated agreement, needed ahead of three months written told party, by Party agreed rear can handle about matters, but due to ahead of terminated agreement caused of economic loss, by b bear.

15th matters not covered by armor second grade both sides light magnesia materials trading center in Northeast Asia the relevant provisions and the relevant State policy consultations.

16th when party a and party b to the relevant provisions of the agreement disputes, first settled by the parties themselves fail to reach an agreement, you can sue.

Article 17th since both parties signed and sealed after the entry into force of this agreement. Valid for two years, if no objection after the expiration, this agreement will be automatically extended by one year.

Four copies of the 18th article of the agreement, each party holds two, have the same legal effect.

(This page is signed, no body. The body had a four-page, containing one to four pages)

 

 

 

Party a:

(Legal representative or authorized agent):

                    Seal:

 

 

Party b:

(Legal representative or authorized agent):

Seal:

 

Signing time:   year   month   day

Agreement signed:


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