有追索权的国内保理合同英文版Domestic Factoring Contract with Re.docx

有追索权的国内保理合同英文版Domestic Factoring Contract with Re.docx

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有追索权的国内保理合同英文版DomesticFactoringContractwithRe

DomesticFactoringContractwithRecourse

PartyA:

***Co.,Ltd

Address:

PostCode:

LegalRepresentative:

Responsibleperson:

Tel:

Tel:

Fax:

Fax:

PartyB:

ChinaConstructionBankCo.,Ltd,***Sub-branch

Address:

PostCode:

LegalRepresentative:

Responsibleperson:

Tel:

Tel:

Fax:

Fax:

WHEREAS：

PartyAsalesgoods/providesservicesoncredit,andappliestoPartyBforfactoringservicewithrecourse.Withreferencetorelevantlawsandregulations,PartyAandPartyBafterreachinganagreementthroughnegotiations,herebyenterintothisDomesticFactoringContract（the“Contract”）.

ChapterOneDefinitions

Article1

Inthiscontractandotherfilesforthisservice,unlessotherwisestated,termsaredefinedasfollows:

1.Factoringwithrecourse:

PartyAtransferstoPartyBitsaccountreceivablesthatoriginatefromproductsalestopurchasers,provisionofservicesbyPartyAaswellasbaseduponotherreasons.PartyBwillprovidePartyAwithaccountreceivablesfinancingservicesandrelatedcomprehensivefinancingservices.Ifanypurchaserfailstopayoffaccountreceivableswithinanagreedperiod,PartyBisauthorizedtocollecttheoutstandingreceivables;

2.CommercialContractmeansanycontractsenteredintobyandbetweenPartyBandpurchasers,uponwhichaccountreceivablesundertheContractoccur;

3.Purchaser:

Onepartyofacommercialcontract,whobuysgoodsorservicesfromPartyAandundertakesobligationofpayment.

4.AccountReceivablesmeanssole,concrete,specificandexclusive,undisputableandlegitimatecreditsderivingfromauthentic,legitimatetransactionsandrelationshipofdebtsandcreditsthatexistbetweenPartyAandpurchasers;

5.MaximumPrepayment:

ThehighestamountofprepaymentforfactoringthatPartyBcouldprovideinlinewithPartyA’sapplication;

6.PrepaymentmeanstheprepaymentofPartyBtoPartyAinaccordancewiththequalifiedaccountsreceivablesbeforeitsmaturitydate.

7.RatioofPrepayment:

prepaymenttocorrespondingaccountreceivableratio;

8.InterestofPrepayment:

feeschargedtoPartyAforuseoffundofPartyB;

9.QualifiedAccountReceivablesmeanstheaccountreceivablesPartyAtransferstoPartyBwhichalsosatisfiesthefollowingconditions:

（1）basedonnormallegaltraction;

（2）pricingandpaymentinRMBunlessPartyAor/andthepurchaserregisteredinbondedareaofChina;

（3）lawfullypossessedbyPartyAandtransferrable,withnodefectsoftitle;

（4）PartyAhasperformedandwillperformitsobligationsunderthecommercialcontract;

（5）otherrequirementsofPartyB;

PartyBcanprovideprepaymentforqualifiedaccountreceivablesunderthiscontract.

10.UnqualifiedAccountReceivables:

accountreceivableswhichisnotqualified,or/andaccountreceivablesrepurchased;

11.CommercialInvoicemeansthewrittennoticewiththeamountandmaturitydateofaccountreceivableswhichPartyAsendstothepurchasers;

12.AccountReceivableManagement:

PartyBassistsPartyAwiththeaccountreceivablemanagementunderthiscontract;

13.IndirectPaymentmeansthetransferredaccountreceivableswhichpurchasersdonotmakethepaymenttoPartyB’sdesignatedaccount;

14.Complaints:

Thepurchasersrefusetoacceptthegoods/servicesorinvoicesforanyreason,orthepurchasers’claimtotheaccountreceivablesforanyreason,orthepurchasersdonotmakethepaymentfullyintimeforanyreason,orathirdpersonclaimsrightoftheaccountreceivables;

15.Deliveryofgoods:

PartyAdeliversthegoodsorprovidesservicestothepurchasersinlightofcommercialcontractorinusualways;

16.RepurchaseofAccountReceivables:

Whensomecircumstancesinthecontractoccurs,PartyAbearstheobligationtorepurchasetheaccountreceivablesfromPartyBunconditionallyatthecontractualprice.

17.MaturityDateofAccountReceivables:

thedateofpaymentdeterminedbycommercialinvoicesandcontractsofcorrespondingaccountreceivables,orchangeddateofpaymentwithPartyB’sconsent;

18.WorkingDays:

businessdaysofPartyB,exceptlegalandpublicholidays;

19.Days:

runningdays.

ChapterTwoEffectiveness,ModificationandAbolishment

ofMaximumPrepayment

Article2

AfterPartyB’sexaminationandrectification,PartyBshallissueRMB****yuan.Thetermofvalidityisfromtheeffectivedateofthiscontractto1stJanuary,2010.

TheappendixI“ListofLimitofFactoringwithRecourse”isaninseparablecomponentofthiscontract.

Article3

Themaximumprepaymentisarevolvinglineofcredit.

Article4

PartyBisentitledtomodifythemaximumprepaymentunilaterallyinlinewiththechangeofcreditstandingofthePurchaserorPartyA,andnotifyPartyAinwrittenformhereafter.ThemodificationdecisionbecomeseffectivewhenitreachesPartyA.PartyAacknowledgethatPartyBisentitledtosendtheabovemodificationdecisionbytelephoneorfaxinemergencycircumstances.

Article5

PartyAcansubmitawrittenapplicationfortheadjustmentofthemaximumprepaymenttoPartyB,ifthereissuchaneed.PartyBwillnotifyPartyAofthemodificationdecisioninwrittenformafterexamination.

ChapterThreeChoiceofFactoringServiceandTransferofAccountReceivables

Article6

Underthiscontract,PartyAandPartyBchosethefollowingtypeoffactoringservice:

（‘×’forthechosentype）

（）DisclosedRecourseFactoring

（）UndisclosedRecourseFactoring

（）Differenttypeoffactoringfordifferentpurchaser,whichissubjecttoAppendixI

Article7

ThroughnegotiationPartyAandPartyBagreethat,inthedurationofthiscontract,PartyAsalesgoods/providesservicesoncredittopurchasers,andtransfersthefollowingtypeofaccountreceivablestoPartyB:

（‘×’forthechosentype）

（）Allaccountreceivables.Unlessthiscontractterminates,PartyAbearstheobligationtotransferaccountreceivablestoPartyBbeforethefullrecoveryofprepayment,interest,commissionsandotherfees,evenifPartyBhasstoppedprovidingprepayment.

（）Specificaccountreceivables.

‘Transferofaccountreceivables’underthiscontractmeansPartyAtransferstheaccountreceivablesandallrightsthereoftoPartyBaltogetherinaccordancewiththiscontract.

Article8

Unlessotherwisestated,PartyAshallprovidePartyBthefollowingfilesinlinewiththetypeoffactoringservice:

1.Astothetransferofallaccountreceivablesindisclosedrecoursefactoring:

（1）Send“AdviceofTransferofAccountReceivables（ALL）”topurchasers,andgetthedeliveryreceipt;

（2）Submit“ConfirmationLetterofTransferofAccountReceivable”andconfirmationlisttoPartyB,aftereverydeliveryofgoodstopurchasers;

（3）Sendpurchasers“ConfirmationLetterofTransferredAccountReceivable”asrequiredbyPartyB,aftereverydeliveryofgoodsandgetthedeliveryreceipt.

2.Astothetransferofspecificaccountreceivablesindisclosedrecoursefactoring:

（1）“ApplicationofTransferofAccountReceivables”andlistoftransfer;

（2）Send“AdviceofTransferofAccountReceivables（SPECIFIC）”topurchasers,andgetthedeliveryreceipt.

3.Astothetransferofallaccountreceivablesinundisclosedrecoursefactoring:

（1）“AdviceofTransferofAccountReceivables（ALL）”signedbyPartyA

（2）Sendpurchasers“AdviceofChangeofAccount”andaskthepurchaserstotransferthepaymenttothefactoringaccount;

（3）Submit“ConfirmationLetterofTransferofAccountReceivable”andconfirmationlisttoPartyB,aftereverydeliveryofgoodstopurchasers;

（4）Submit“ConfirmationLetterofTransferredAccountReceivable”whichissignedbyPartyAtoPartyB,aftereverydeliveryofgoods.

4.Astothetransferofspecificaccountreceivablesinundisclosedrecoursefactoring:

（1）“ApplicationofTransferofAccountReceivables”andlistoftransfer;

（2）Sendpurchasers“AdviceofChangeofAccount”andaskthepurchaserstotransferthepaymenttothefactoringaccount;

（3）“AdviceofTransferofAccountReceivables（SPECIFIC）”signedbyPartyA.

5.PartyAneedstoprovidePartyBthefollowingfileswhatevertypethisrecoursefactoringis:

（1）commercialcontract;

（2）invoices;

（3）filestocertifytheperformanceofthecommercialcontract;

（4）otherdocumentsrequiredbyPartyB.

Article9

Indisclosedrecoursefactoring,“AdviceofTransferofAccountReceivables（ALL）”,“ConfirmationLetterofTransferredAccountReceivable”or“AdviceofTransferofAccountReceivables（SPECIFIC）”maynotbesendtopurchasersbyPartyB,however,PartyBreservestherighttosendaboveletterstopurchasersdirectlyoraskPartyAtonotifypurchasersatanytime.

Article10

Astothetransferofallaccountreceivables,allaccountreceivableslistedinAppendixIistransferredwhenthiscontractbecomeseffective.Astothetransferofspecificaccountreceivables,allaccountreceivableslistedinlistoftransferistransferredwhenPartyBsendsPartyA“AcceptanceNoticeofTransferofAccountReceivables”andlistoftransfer.PartyAshallassistPartyBwiththeregistrationofthetransfer.

Article11

PartyBenjoysalltherightsofPartyAundertheaccountreceivablesafterthetransfer;however,PartyBbearsnoobligationunderthecommercialcontractbetweenPartyAandpurchasers.

ChapterFourAccountReceivablesManagement

Article12

PartyBacceptsPartyA’sapplicationandprovideaccountreceivablesmanagementservice,thenPartyBshallprovidereportslistedinAppendixIItoPartyAforaccountreconciliation.TheappendixIIisaninseparablecomponentofthiscontract.

Article13

PartyAshallraiseobjectionswithinfivedaysafterthereceptionofthereports,