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Should the seller fail to make delivery on time as stipulated in this contract, with exception of Force Majeure specified in Clause 13 hereof, the buyer shall agree to postpone the delivery on condition that the seller agrees to pay a penalty which shall be deducted from the payment. The date will count after 3 weeks due delivery if full payment received. The rate of penalty is charged at 0.5% for every seven days, odd days less than 7 days should be counted as 7 days. The penalty however shall not exceed 5% of the total value of the goods involved in the late delivery. In case the seller fails to make delivery six weeks later that the time of shipment stipulated in this contract, the buyer shall have the right to cancel the contracts and the seller, in spite of the cancellation, shall still pay the aforesaid penalty to the buyer without delay.
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发表于 2004-10-26 17:35:00