9.1. Within twenty-four (24) hours after shipment, the Seller is to inform the Buyer by fax regarding the date of shipment, the Bill of Lading number, number of containers, their weight, the vessel name.
Insurance
10.1. The Seller is to take care of and cover expenses for insurance of the equipment under the Contract from the moment of its dispatch up to the moment of its arrival at the port of Odessa.
Sanctions
11.1. In the event of delay in delivery of the equipment the Seller is to pay the Buyer a penalty at the rate of 1. 0% of the total contract value for every week of delay. However, the total amount of penalty for delay in delivery is not to exceed 10% of the total contract value.
11.2. While calculating penalty for delay, the amount of days comprising over half of a calendar week is considered to be a full week.
Force Majeure
12.1. The Parties are released from their responsibility for partial or complete non-execution of their liabilities under the Contract should this non-execution be caused by the force majeure circumstances including, but not limited to: fire, flood, earthquake, and if these circumstances have had a direct damaging effect on the execution of the present Contract.
12.2. The Party which is unable to fulfil its obligations under this Contract is to inform the other Party within ten (10) days from the beginning of force majeure circumstances.
Arbitration
13.1. The Seller and the Buyer will take all possible measures to settle amicably any disputes or differences which may arise out of the present Contract or in connection with it.
13.2. If the Parties do not come to an agreement, all the disputes and differences are to be submitted for Arbitration in Stockholm, Sweden, in accordance with the rules and regulations of the Chamber of Commerce in Stockholm and applying the substantive laws of Sweden.
Other Terms
14.1. The Seller upon written consent of the Buyer shall be permitted to substitute equipment of comparable quality and conforming to the technical requirements for any item of equipment that may not be available for one reason or another.
14.2. Any changes, amendments or supplements to the terms and conditions of this Contract shall be valid only if set forth in a written document duly signed by authorized representatives of both Parties to the present Contract.
14 3. After the Contract has been signed all the preliminary agreements, discussions and correspondence between the Parties concerning this Contract are to be considered null and void if conflicting with this Contract.
14.4. The Contract becomes effective and comes into full force from the date of signing.
15. Legal Addresses of the Parties
SELLER (): Continental Equipment Pic 9 North Road Brighton BN1 5JF England
Alfred Rogers
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| Chairman () |
for and on behalf of the Seller ( )
| Contract | , ; to sign a con- tract ; to (to conclude) a contract ; to draw up (to make up) a contract ; to execute (to perform, to implement) a contract ; to break (to infringe) a contract ; to cancel a contract . : agreement . : contract for carrying out design and survey works ; contract for rendering technical assistance in... ...; research-and-development contract - - ; agency agreement ; license agreement ; charterparty -, ( ) |
| Seller and Buyer | . , : supplier and customer ; contractor ; licensor and licensee (, ) (, ); agent and principal ( ); chartereres and (ship)owners () ( ); carrier (haulier) |
| Value | 1) ; 2) , ; 3) ; 4) (); to value 1) ; 2) , . : cost , ; to cost 1) ; 2) ; price 1) ; 2) ; to price |
| FOB, CIF | , ( INCOTERMS) (. ) |
| Loading | ; to load into/onto... ...; load 1) ; 2) . : cargo ; to unload, to discharge , |
| time of delivery | ; to deliver , ;1) , ; 2) , ; to make a delivery of smth - |
| irrevocable confirmed Letter of Credit | (. 9) |
| to ship | 1) ( ); 2) , () ( ); ship ; shipment 1) , (); 2) , () ( .); 3) () ( .)] a shipment of goods ; to effect shipment ; shipment cost . : consignment (), |
| Vessel | 1) ; 2) ; 3) ; MV (merchant (motor) vessel) () |
| Bill of Lading | ( ). (consignor; shipper) (consignee) - . , ( , (charter-party)). : dirty (clean) bill of lading () (, ( ) , ); through bill of lading , , ; original bill of lading ; order (straight) bill of lading () . , (rail, road, or air waybill) |
| Act | 1) , ; 2) , ; 3) (- . .) |
| liabilities (obligations, commitment) under the contract | () ; fulfillment (execution) of liabilities (obligations) |
| insurance | , ( ); insurance policy (certificate) (); insurance risk ; fire insurance, insurance against fire ; social insurance ; insurance against all risks ; insurance against usual marine risks |
| delay in delivery (in shipment, etc.) | ( . .). : behind time, in bad time , . : in time, on time (.) ; in due (good) time |
| force majeure, force majeure circumstances | -, - ( ) |
| arbitration | , . . , , . , , , , , (, . .) |
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Training exercises
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. Good afternoon, Mr Ivanov. Weve written to you several times detailing our complaint, but havent received your reply yet.
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. We are in a very awkward position now. We havent received the shipment which was supposed to arrive two weeks ago.
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. When will the shipment be ready for dispatch?
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. If we dont receive the shipment by the end of next week, well cancel the order.
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According to industry sources, Acer, Elitegroup, and Mitac were among the earliest Taiwan companies to test the B5 version of the Pentium which is now said to be distributed as the replacement for the flawed 60/66MHz Pentiums. While Intel last month fanned out fury over its initial announcement to replace the flawed chips on a case-by-case basis, its new no-question-asked replacement policy is still under fire.
The most asked question concerning Intels new replacement policy is when. In fact, our company late last month was still waiting for the retailer who sold us five flawed 66MHz Pentiums to obtain the necessary replacement from Intels local distributor. In the meantime, the Pentium systems have been retired from the desktop publishing and art department whose members had been growing bald from all the hair tearing incidents in which their artwork and page-makeups came out in pages of printed rubbish. Our accounting department also had a Pentium, but since all accounts were checked by abacus, our accountants were more fortunate.
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a) How many names of companies are mentioned in this article?
b) What faulty product does this article describe?
c) Which company produced it?
d) Why was the accounting department more fortunate than other departments?
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