Article 34 The trading parties shall deliver and pay for the commodities strictly according to the contract. They may complete the delivery and payment of commodities by themselves or through the agency services of Sinoruex.

The seller should deliver the traded commodities according to the time, venue, specifications, quantity and quality standards as specified in the contract. The actual quantity deviation from the contract shall be within the limits set by Sinoruex.

Article 35 Sinoruex monitors the delivery and payment of commodities by the members. While highly graded members may settle payments directly, other members must settle payments through Sinoruex.

Article 36 For transactions settled through Sinoruex, Sinoruex has the right to transfer the payment from the buying member’s settlement fund account. When the settlement fund is not enough for the payment, the buying member shall deposit additional money into the account. When the additional money is more than the amount required for clearing the payment, the extra part shall be kept as the settlement fund. For the part of commodities that exceed the amount specified in the trading contract, Sinoruex may provide agency settlement services, but does not undertake the obligations of guaranteeing the payment of that part of commodities into the selling member’s account.

For transactions settled directly between the trading parties, Sinoruex may, upon approval of the trading party’s request, provide agency settlement services for the part of commodities that exceed or fall short of the amount specified in the trading contract. Both of the selling and buying parties shall pay agency service fees to Sinoruex for such settlement.

1．Both parties deposit the required settlement fund into the special settlement
account before the transaction;
2 ．The buyer transfers the payment in full lump-sum to the seller’s account
within the period specified in the contract;
3 seller presents a written notice of confirmation to Sinoruex within two working days after receiving the payment. Based on the written notice, Sinoruex releases the contract-honoring guarantee fund of the buyer;
4 ．The seller delivers the traded commodities to the buyer according to the terms specified in the contract;
5．The buyer presents a written notice of confirmation to Sinoruex within two working days after receiving the traded commodities. Based on the written notice, Sinoruex completes procedures related to delivery confirmation;
6 ．The seller issues an invoice to the buyer within ten working days after receiving the full payment;
7．Sinoruex releases the contract-honoring guarantee fund of the seller when the buyer does not raise any question regarding the commodity quality in the challenge period.

Article 38 For transactions of domestic products through Sinoruex, the procedures below shall be followed:
1．Both parties deposit the required settlement fund into the special settlement account before the transaction;
2 ．The buyer notifies Sinoruex of transferring 90% of the payment for the traded commodities from the settlement account to the seller within the period specified in the contract;
3 After receiving the buyer’s notification, Sinoruex releases the contract-honoring guarantee fund of the buyer according to the contract, freezes the buyer’s settlement fund and notifies the seller of the payment transfer and commodity delivery;
4 ．Upon receiving the notice of commodity delivery from Sinoruex, the seller delivers the traded commodities according to the terms specified in the contract;
5．The buyer presents a written notice of confirmation to Sinoruex within two working days after receiving the traded commodities. After the trading parties have signed the delivery note, Sinoruex transfers the payment for the traded commodities in full to the seller’s account;
6 ．The seller issues an invoice to Sinoruex within ten working days after receiving the full payment and Sinoruex issues an invoice to the buyer within five working days after receiving the invoice from the seller;
7．Sinoruex releases the contract-honoring guarantee fund of the seller when the buyer does not raise any question regarding the commodity quality in the challenge period.

Article 39 For transactions of imported products through Sinoruex, the procedures below shall be followed:
1．Both parties deposit the required settlement fund into the special settlement account before the transaction;
2 ． The buyer pays for the commodities according to the contract and the modes of payment follow international customary practices, including IREVERCABLE L/C, T/T and D/P, etc.
3 The buyer completes procedures related to the release of guarantee fund at Sinoruex with the support of a copy of payment bill endorsed by the paying bank;
4 ．The seller notifies the buyer of the delivery by presenting a copy of clean bill of lading within three working days after the shipment of commodities or related documents evidencing the arrival of shipped goods at a warehouse of a free trade zone in China;
5．The buyer clears the commodities from the Customs and presents the signed delivery note to Sinoruex;
6 ．Sinoruex releases the contract-honoring guarantee fund of the seller when the buyer does not raise any question regarding the commodity quality in the challenge period.

Article 40 If the buyer questions the quality of commodities within the challenge period, the buyer should notify Sinoruex in written form and request the quality or commodity inspection department appointed by Sinoruex to check the quality. The buyer should bear the cost of checking and the checking results should serve as solid evidence for judging whether the commodities meet quality standards or not. If the quality of the commodities is not questioned during the challenge period, the buyer should be deemed as accepting the commodities and Sinoruex would then thaw out the guarantee fund of the seller.

The challenge period for domestically produced natural rubber products is within 15 working days after the payment and delivery of commodities while the challenge period for imported natural rubber products is determined according to the benchmark destination of delivery. When the benchmark destination of delivery is a domestic port, the challenge period is within 15 working days after the payment and delivery of commodities. When the benchmark destination of delivery is a port outside the territories of China, the challenge period is within 15 days after the commodities are delivered to the port of destination in China.

Article 41 Sinoruex may settle the payments for traded imported commodities for trading parties and provide agent services for imported commodities, including customs declaration, submission of commodities for inspection and distribution of commodities for trading parties.