The Distributor will distribute Principals’ products in Xiamen area. The products will be stored in the Distributor’s warehouses in Xiamen, as consignment stock only. The products are and always will remain property of the Principals.
The Distributor will make deliveries to Principals’ clients vessels that will call mid-Adriatic coast ports. These deliveries are called Contract Sales.
The Distributor will also be free to make local sales to vessels that are not Principals’ clients and will be charged at prices mentioned below. These deliveries are called Local Sales.