Exporting Contact - Translation Practice

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    1. Goods are to be packed in strong wooden case(s) then in container, suitabfor long distance ocean/parcel post/air freight transportation and change climate, well protected against moisture and shocks and roughly portage. ThSellers shall be liable for any damage of the commodity and expenses incurreon account of improper packing and for any rust attributable to inadequate o

    improper protective measures taken by the Sellers in regard to the packing. Thwooden boxes must be labeled with "IPPC

    2. The Sellers shall not be held responsible for any delay in delivery or nondelivery of the goods due to Force Majeure. However, the Sellers shall advise thBuyers immediately of such occurrence and within fourteen days thereafter, shasend by airmail to the Buyers for their acceptance a certificate issued bcompetent government authorities of the place where the accident occurs aevidence thereof. Under such circumstances, the Sellers, however, are still undethe obligation to take all necessary measures to hasten the delivery of the goodIn case the accident lasts for more than ten weeks, the Buyers shall have th

    right to cancel this Contract.

    3. In case of delayed delivery except for force majecure cases, the Seller shall pay to the Buyer foevery week of delay penalty amounting to 0.5% of the total value of the goods whose delivery ha

    been delayed. Any fractional part of a week is to be considered a full week. The total amount o

    penalty shall not, however, exceed 5% of the total value of the goods involved in late delivery. Th

    Seller grants a grace period of four weeks from the delivery date before penalties shall be applied

    4. In the event of late Delivery for reasons other than force majeure as defined ithis Contract, the SELLER shall pay as liquidated damages and not as a penalthe sum of 0.1% of the value of the undelivered part per day of late Delivery u

    to a maximum of 10% of the Price payable under Clause 10 below. Payment liquidated damages shall be due without the BUYER having to furnish proof of anloss, damages or injury.Payment of liquidated damages shall constitute full and complete satisfaction oany claim of the BUYER against the SELLER arising from or in connection with latDelivery of any Goods. In particular the SELLER shall not be liable for any indireor consequential loss or damages, as defined in Clause 2.7 above, arising from oin connection with late delivery of any Goods

    5. If the Seller fails to deliver the Goods at the fixed date, the Buyer will have thright to demand from the Seller the payment of a penalty of 1% per day of th

    value of goods not delivered. The Buyer has the right to cancel contract in case delayed shipment exceeding 50 days from the fixed delivery time. The Seller hato pay back the Buyer the sum having been paid plus interest rate and has tcompensate all actual and documents losts arising due to cancelling of contrachowever not exceeding 5% of the contract value.

    6. The Manufacturer shall be liable to pay penalty in the following cases specifieas breach of contract:In the event of late delivery: The Manufacturer has to pay as liquidated damage

    2.5% of the sum of performance bond if the Manufacturer delays 15 working dayor more from the planned time of shipment. If such delay exceeds 30 day

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    liquidated damages amounting up to 5% of the sum of performance bond shall bdue. In any event, the total maximum claim during the execution of this contracis capped at 5% of the sum of the performance bond.In the event of shortage of quantity no penalty shall be due. Instead the Buyeshall be entitled to a reduction of the Contract Price equalling the differencbetween the goods delivered and the goods the Manufacturer was liable tdeliver.

    7. In the event of late Delivery for reasons other than force majeure as defined iClause 17 above, the Seller shall pay as liquidated damages and not as penaltythe sum of 5% of the value of the undelivered part per Day of late Delivery up toa maximum of 25% of the price payable under Clause 9 below. Payment ofliquidated damages shall be due without the Buyer having to furnish proof of anyloss, damage or injury.

    8. Payment of liquidated damages by the Seller shall not preclude the Buyer froseeking compensatory damages from the Seller for any loss, injury or damagarising from or in connection with late Delivery of any Goods; in particular th

    Buyer shall be entitled to compensation from the Seller for any indirect consequential loss or damage, including but not limited to loss of profit, loss ouse or loss of contract, arising from or in connection with late Delivery of anGoods.