5. Payment

5.1. Payment for the delivered equipment is to be effected in ___________________

against the documents sent for collection in the following way:

_____ per cent of the value of the completely delivered equipment to be paid within 30 days of receipt by the bank _______ , Moscow, of the following documents:

1. Original and two copies of the detailed invoice, separate for each Consignee;

2. Full set of clean “on-board” Bill of Lading issued in the name of the Consignee as per Appendix No. _______ destination_________ port of the _________;

3. Packing lists in triplicate;

4. Test Report or any other document as to the quality of the equipment;

5. Copy of the Sellers’ letter about the dispatch of the technical documentation in accordance with Clause No.6 of the Contract;

6. Copy of the Export Licence, if required.

5.2. _____ per cent of the value of the equipment delivered to be paid after the start-up of the equipment and the expiration of the guarantee period provided the equipment has reached the guaranteed capacity and quality of operation, but not later than ______ months from the date of delivery.

Payment of this amount is to be effected after the expiration of the guarantee period within 30 days of receipt of the Sellers’ invoice and the Start-up Report, issued at the Buyers’ factory. Payment is to be effected for the equipment delivered complete.

5.3. In the letter of collection issued by the Sellers and/ or their Bank the stipulation should be made saying that the Buyers have the right to make deductions from the collection amount in accordance with Clause No.4 (Agreed and Liquidated Damages) and Clause No. 12 (Insurance) of the Contract.

5.4. All the expenses connected with the collection are to be defrayed by the Sellers.

6. Technical Documentation

Within _____ days of the date of the Contract the Sellers are to send two sets of the following technical documents for each complete machine to the address of ________

1. General view and assembly drawings of the equipment with main dimensions, itemized list of all parts and assemblies of the machine as well as their detailed specification;

2. Technical description and production characteristics of the machine;

3. Instructions for erection, testing, operation and maintenance of the equipment, lubrication, pneumatics, mechanical working and electrical diagrams;

4. Drawings of the parts of tear and wear;

5. Catalogue of spare parts.

The Sellers will send the Buyers a copy of the letter covering the dispatch of the technical documents to the address specified by the Buyers and enclosing the list of the documents sent.

Furthermore two copies of the above technical documents, the Certificate of Quality or the Report on Tests stating that the equipment has been manufactured in accordance with the conditions of the contract, the Technical Data Sheet for the equipment are to be packed in Case No.1 in waterproof wrapping together with the equipment.

All the technical documents including the inscriptions on the drawings are to be made in Russian.

If the technical documentation is not placed in the cases or not sent the delivery is considered incomplete and in this case the guarantee period begins on the day of receipt of a complete set of the technical documents by the relevant addressee specified by the Buyers.