Article 2: Duration of the contract: - As of the date of remittance 1st. - Time of fabrication: 45 days of signing the contract. - Installation time: 20 days MaxArticle 3: Value of contracts and payment methods:- Total contract value: 1.505 billion VND (One billion five hundred million VND). Included 0% VAT - Method of payment: Party B pays Party A for 03 times:• Phase 1: After signed the contract, Party B transfer to Party A 40% of the contract value is 602 million VND (Six hundred and two million VND).• Phase 2: After Party A completed fabrication and transportation of all equipment out Party B port forwarding, then Party B transfer to Party A 50% of the contract value is VND 752 500 000 (seven hundred and fifty-two million five hundred thousand VND).• Phase 3: Party B must transfer to Party A the rest of 10% of contract value is VND 150.5 million. (One hundred fifty million five hundred thousand VND) as soon as worker’s party A installed the latest equipment for the B.
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