Контракты / SANCTIONS

SANCTIONS

A

In case the delivery of the goods is not effected during the period stipulated by the Contract, the Seller will pay to the Buyer penalty calculated from the value of the goods not delivered in time basing on 0,1% of the value of such goods per each day of delay.

Should the delay exceed 30 days, payment of the penalty will cease and the Seller will pay to the Buyer agreed and liquidated damages of the rate of 10% of the value of the goods not delivered in time.

In case delay in delivery of the goods against the present Contract exceed 40 days, as well as shipment 10 or more percent inadequate goods by one transport document (invoice, bill of lading) the Buyer has the right to cancel the Contract on notifying the Seller. In this case, as well as termination of Contract or it part through the Seller’s fault, he is obliged to pay penalty at the rate of 10% of value of the canceled Contract or part of inadequate goods.

In case of delivery of defective goods, the Seller will pay to the Buyer penalty at the rate of 10% on the value of the said goods.

The Seller will pay to the Buyer in case (a) in default of marking on the goods – 10% and the Buyer has the right return unmarked goods; (b) deficiency of marking on the goods and boxes requirements of this Contract or specification to it – 2%; (c) improper packing not in conformity with requirements in clause 5 of the Contract – 2%; (d) in the case delay in informing the Buyer by Seller about the shipment or the late submission of documents to the bank – 1% of value shipped goods; (e) submission for payment of incomplete set of bank documents specified in clause 8 of this Contract or execution of documents with violations the terms of this contract 1%; in case if stated defects will not eliminated by Seller, the Buyer has the right return documents without payment at the Seller's expense; (f) long-term shipping goods without confirmation of the Buyer – 1%; (g) the goods were delivered not tin conformity with the term of the Contract as regard sizes, colors, etc. – 5%; (h) not full fill container – 1%; (i) underloading or overloading exceed 1%-3% of the undelivered or delivered in surplus amount (j) other violations terms of Contract - 1%.

B

If case of undelivery of goods within the period of time, mentioned in Contract, the Sellers are to pay to the Buyers a fine, estimated from the value for the goods, not delivered in time, at the rate of 0,1% of the value for each day of delay.

If delay exceed 15 days, payment of the penalty will cease and the Seller will pay to the Buyer agreed and liquidated damages of the rate of 1% of the value of the goods not delivered in time.

Payment of the penalty or agreed and liquidated damages not set the Seller free of the liability to fulfill the Contract.

If delay in delivery caused by delay in arrival of the vessel sanctions to the Seller will not applied.

In case of delivery of defective goods, the Seller will pay to the Buyer penalty at the rate of 1,5% on the value of the said goods, admitted defective, addition to payment of the claim value. In addition, the Buyer will have the right return defective goods at the Seller’s expense.

Seller will pay to the Buyer penalty at the rate of 1% of the value of the goods, in respect of which there were infringements: (a) the goods is delivered in packing and/or with marking, not in conformity with terms of Contract; (b) range of goods doesn’t corresponded terms of Contract.