The guarantee period is twelve (12) months from the date of the start-up of the equipment, that is reflected in an appropriate Act signed by the representatives of the Parties of the present Contract, but not date of delivery of the equipment.
Packing
The equipment is to be shipped in export sea packing suitable for the type of equipment delivered. Packing should also be suitable for transshipment in transit and reasonable for long storage of the equipment.
The Seller is responsible to the Buyer for any damage to the equipment resulting from inadequate packing of the equipment.
Marking
All the containers are to be marked on three (3) sides. Each container should bear markings made in indelible paint (in Russian and English).
If a case requires special handling it should bear additional marks: Top or This side up, etc.
Insurance
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
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.
While calculating penalty for delay, the amount the days, comprising over half of a calendar week is considered to be a fool week.
Arbitration
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.
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.
Legal addresses of the parties
Seller Buyer
Continental Equipment
9 North Road
Brighton BN1 5JF
England
For and on behalf of the Seller
ALERED ROGERS
Chairman
Exercise 3. Work in groups: translate into English in written and compare with the results of the work of the other groups.
15 2012 .
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