<DOCUMENT>
<TYPE>EX-10.13
<SEQUENCE>4
<FILENAME>g68171ex10-13.txt
<DESCRIPTION>EMPLOYMENT CONTRACT WITH PETER D. RIBBINS
<TEXT>

<PAGE>   1
                                                                   Exhibit 10.13


                               EMPLOYMENT CONTRACT


THIS AGREEMENT is made the 30th day of August, 2000

BETWEEN:          CONSOLIDATED WATER CO. LTD., a Cayman Islands company having
                  its registered office at Trafalgar Place, West Bay Road, P. O.
                  Box 1114GT, Grand Cayman, B.W.I. ("the Company")

AND:              PETER D. RIBBINS of P.O. Box 1114GT,
                  Grand Cayman, B.W.I. ("the Director - Special Projects")

IT IS AGREED as follows:-

EMPLOYMENT

1.       The Director - Special Projects is engaged and employed as an Officer
         of the Company with responsibility for special projects ("the
         Capacities") commencing on the 16th day of October, 2000 but subject to
         the termination provisions set out in Clause 15.

         During the term of this Agreement the Board of Directors of the Company
         ("the Board") will propose the appointment of the Director - Special
         Projects as a Director and Officer of the Company and will vote in
         favor of such proposals.

REMUNERATION

2.       The salary of the Director - Special Projects is fixed until October
         31, 2003 at CI$97,000 per annum, payable monthly in arrears, less
         deductions (other than for Medical Insurance) and other amounts which
         the Company is, by law, entitled or required to deduct from an
         employee's remuneration.

         Thereafter, the salary of the Director - Special Projects shall be as
         agreed between the parties hereto.

         The Company will pay the full cost of providing Medical Insurance, as
         generally provided for the Company's employees from time to time, for
         the Director - Special Projects and his family.


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         The Director - Special Projects will remain as a member of the pension
         scheme provided for the Company's employees from time to time and the
         Company will make contributions thereto on behalf of the Director -
         Special Projects as it is required to do pursuant to the law.

3.       The Director - Special Projects' salary will be reviewed as of January
         1st each year by the Company's Board who may grant an increase (and/or
         make a payment by way of bonus) but who shall not reduce the Director -
         Special Projects' salary below the level set out in Clause 2 hereof.

4.       Further, until October 31, 2003 and subject to any approvals of
         Government which may be necessary at the time at which the option is
         exercised, for each financial year during which the Director - Special
         Projects serves for the full year in the Capacities, or pro rata in
         respect of a part thereof, on December 31st of each year, the Director
         - Special Projects shall be granted an option to purchase, for cash
         payable in full upon the exercise of the option, a number of Ordinary
         Shares which equals the number of US$ which represents 1% of the net
         profit of the Company, calculated as aforesaid, for that financial year
         at a price equal to the average closing market price of the Company's
         Ordinary Shares on each of the first seven trading days in the month of
         October of that financial year.

5.       The options granted pursuant to Clause 4:-

         (a)      may be exercised by the Director - Special Projects at any
                  time after they are granted and before the close of business
                  on the day before the third anniversary of the date of the
                  Auditor's Report on the financial statements for the year of
                  the grant, and

         (b)      may not be assigned, transferred or otherwise disposed of by
                  the Director - Special Projects without the prior written
                  consent of the Company.

AREA

6.       The Director - Special Projects' work will be performed mainly in West
         Bay, Grand Cayman.



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         The Company reserves the right to transfer the Director - Special
         Projects to any other place of business which it may establish in the
         Cayman Islands.

RESPONSIBILITIES

7.       Until October 31, 2003, the Director - Special Projects must devote
         substantially the whole of his time to the Company's business and must
         use his best endeavors to promote the Company's interests and welfare.

         Except where such information is a matter of public record or when
         required to do so by law, the Director - Special Projects must not,
         either before or after this Agreement ends, disclose to any person any
         information relating to the Company, its business, customers, suppliers
         or employees or any other confidential information of which he becomes
         possessed while acting in the Capacities.

8.       The Director - Special Projects must perform the duties reasonably
         required of and assigned to him by the President or the Board.

         The Director - Special Projects must perform his duties under this
         Agreement during normal business hours from Monday to Friday inclusive
         (save on bank holidays) but he accepts that his duties, which include
         travelling on the company's business both within the Cayman Islands and
         abroad, may, from time to time, require work to be undertaken on
         Saturdays, Sundays and bank and public holidays.

         The Director - Special Projects must report to the President,
         diligently follow and implement all management policies and decisions
         which the Board communicates to him and prepare and forward in a timely
         manner all reports and accountings the President or the Board requests.

         The Director - Special Projects will not directly or indirectly engage
         in any activities or work which are deemed by the Board to be
         detrimental to the best interests of the Company, provided, however,
         that the Company consents to the Director - Special Projects continued
         involvement as a shareholder and director of the following:-

                           HW Holdings Ltd.
                           Eats Limited
                           Psgetti's Limited
                           FCM Ltd.


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9.       In the case of inability to work due to illness or injury, the Director
         - Special Projects must notify the Company immediately and produce a
         medical certificate for any absence longer than ten working days.

         The Company may have the Director - Special Projects examined by a
         doctor approved by it.

         The Director - Special Projects agrees to submit to any medical
         examination which the Company requires.

10.      The Director - Special Projects will be entitled to up to ten (10) days
         sick leave per year without a medical certificate.

HOLIDAYS

11.      The Director - Special Projects is entitled, during every twelve (12)
         month period of employment to the following holidays:-

         (a)      all public holidays in the Cayman Islands, and

         (b)      four (4) weeks vacation at a time to be approved by the
                  President.

REIMBURSEMENT OF EXPENSES

12.      All expenses for which the Director - Special Projects claims
         reimbursement must be within pre-approved budgets. Subject to this, the
         Company must reimburse the Director - Special Projects for the cost of
         entertaining the Company's customers and travelling on the Company's
         business on the production of the necessary vouchers or on the Director
         - Special Projects' proving to the Company's satisfaction the amount
         that he has spent for those purposes, even though he is unable to
         produce vouchers.


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NON-SOLICITATION

13.      The Director - Special Projects must not at any time while he is acting
         in the Capacities or afterwards either on his own account or for any
         other person, firm or company solicit, interfere with or endeavor to
         entice away from the Company any person, firm or company who at any
         time during or at the date when his employment ends were employees or
         customers of or were in the habit of dealing with the Company.

COMPANY DOCUMENTS

14.      All books, records, notes, files, memoranda, reports, customer lists
         and other documents, and all copies of them, relating to the Company's
         business which the Director - Special Projects keeps, prepares or
         conceives or which become known to him or which are delivered or
         disclosed to him or by any means come into his possession, and all the
         Company's property and equipment are and will remain the Company's sole
         and exclusive property.

         If the Director - Special Projects' employment is terminated for any
         reason whether voluntarily or involuntarily or if the Company at any
         time requests, the Director - Special Projects must promptly deliver to
         the Company the originals and all copies of all relevant documents that
         are in his possession, custody or control, and any other property
         belonging to the Company.

TERMINATION

15.      Except as provided herein and to the extent previously accrued, all
         rights and obligations of the Company and the Director - Special
         Projects shall cease if any of the following events occurs:-

         (a)      The Director - Special Projects dies.

         (b)      The Director - Special Projects is adjudicated bankrupt or
                  makes any composition with his creditors.

         (c)      The Director - Special Projects gives six (6) months written
                  notice to the Company to terminate this Agreement.



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         (d)      with immediate effect if the Director - Special Projects
                  conducts himself in a manner which would justify dismissal in
                  accordance with the Labour Law.

         Provided, however, that the Director - Special Projects shall remain an
         employee of the Company during his life and be entitled to participate,
         at his own expense, in any Medical Insurance provided for the Company's
         Employees from time to time.

16.      In the event of termination of this Agreement, any unvested options to
         purchase shares in the Company, as described in Clause 4, in respect of
         the financial year in which the termination takes place shall
         automatically vest on a pro rata basis proportional to the ratio which
         the period of employment up to the date of termination bears to the
         calendar year.


NOTICES

17.      Any notice to be served under this Agreement must be in writing and
         will be deemed duly served if, in the case of a notice addressed to the
         Company, it is sent by registered post or left at the Company's
         registered office, or, in the case of a notice sent to the Director -
         Special Projects, it is handed to him personally or is delivered to his
         last known residential address in the Cayman Islands.

         A notice sent by post will be deemed to be served on the third day
         following the date on which it is posted.

PREVIOUS AGREEMENTS SUPERSEDED

18.      This Agreement supersedes all prior contracts and understandings
         between the parties and may not be changed or terminated orally.

         No change or attempted waiver of any provision of this Agreement will
         be binding unless in writing and signed by the party against it is
         sought to be enforced.

CLAUSE HEADINGS

19.      Clause headings are included herein for convenience only and have no
         legal effect.




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APPLICABLE LAW AND JURISDICTION

20.      This Agreement will be construed and the legal relations between the
         parties determined in accordance with the laws of the Cayman Islands
         and the parties agree to submit to the jurisdiction of the Cayman
         Island's courts.


         Whenever possible, each provision of this Agreement will be interpreted
         in such manner as to be effective and valid, but if any provision of
         this Agreement or the application of it is prohibited or held to be
         invalid, that prohibition or invalidity will not affect any other
         provision, or the application of any other provision which can be given
         effect without the invalid provision or application, and, to this end,
         the provisions of this Agreement are declared to be severable.



EXECUTED by and on behalf of                CONSOLIDATED WATER CO. LTD.
The Company by

In the presence of:-

/s/ illegible                               /s/ Jeffrey M. Parker
-------------------------                   ------------------------------
Witness                                     Director


EXECUTED by the
Director - Special Projects
In the presence of:-

/s/ illegible                               /s/ Peter D. Ribbins
-------------------------                   ------------------------------
Witness                                     Director




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