384

Subject to our mutual agreement, the contract will be renewed annually. As a rule we follow Russian law to determine legal disputes arising out of the contract but if you wish the case of disagreements will be settled by arbitration in a third country.

If this type of agency interests you, please contact us so that we can draw up a draft agreement.

Yours sincerely,

S.Dudko

S.K.Dudko

Sales Department

385

INFRAEQUIPMENT

186-78 Berg Stockholm,

Sweden,

Dear Mr Krolsten,

Mr Stronsem of Stockholm Export Bank has informed us that your company is looking for a partner to handle an agency dealing with the sales of machine tools from consignment stock.

We are a large manufacturing company specializing in heavy engineering machine tools. We would like to appoint a Consignment Agent in Sweden to act on our behalf selling machine tools and spares of our production.

We are attaching to this letter a list of machine tools, which we believe would be in demand in your country and which we intend to send to you on consignment subject to our working out a corresponding Agency agreement.

We will not restrict the agent by offering a sole agency as we have found that in that case our own sales would be limited, and it is sometimes awkward for the agent himself.

We would also agree to purchase from you certain heavy engineering equipment of Swedish origin equal in value to the sales of our machines from consignment stock. That involves distributing in return as your exclusive Agents specified equipment to an equal value.

Cont.