V. Answer the following questions.

1. Can the Sellers increase the prices stipulated in the contract after signing it?

2. What is the way of payment?

3. What are the terms of payment?

4. What documents are the Sellers to present for collection?

VI. Read and discuss the following information

GENERAL CONDITIONS OF DELIVERY

1. Basis and volume of delivery

1.1. When sea transportation, deliveries are made on FOB terms Seaport of the Sellers’ country and

• The Sellers shall bear all charges for the goods FOB port stowed, including cost of sea packing, marking, port and dock dues on the cargo, attendance to customs formalities, stevedoring, etc.;

• the title to the goods as well as the risk of accidental loss or damage to the goods shall pass from the Sellers to the Buyers after the goods have been loaded and stowed into the hold;

• the date of the clean on Board Bill of Lading is to be considered the date of delivery.

1.2. When railway transportation, deliveries are made DAF of the Sellers’ country and

• the Sellers shall bear all the transportation charges to the State frontier of their country; the subsequent charges for transportation, and/or change of railway wheels shall be borne by the Buyers;

• the title to the goods as well as the risk of accidental loss or damage to the goods shall pass from the Sellers to the Buyers since the moment when the goods have been handed over by the railway of the Sellers’ country to the railway of the Buyers’ country;

• the date stamped on the Railway Bill by the frontier station which has received the goods from the railway of the Sellers’ country confirming the crossing of the frontier to be considered the date of delivery.

1.3. When motor transportation, deliveries are made FCA of the Buyers and

• the Sellers shall bear the transportation charges till the Point where the goods are loaded on the Buyers’ transportation facilities;

• the title to the goods as well as the risk of accidental loss or damage to the goods shall pass from the Sellers to the Buyers since the moment the goods have been transferred from the Sellers’ transportation facilities to the Buyers’ transportation facilities;

• the date of delivery is the date of the document confirming loading the goods on the Buyers’ transportation facilities.

1.4. When air conveyance, deliveries are made FCA at the airport of departure and

• the Sellers shall bear all the charges up to the moment of loading the goods on board the plane in their country;

• the title to the goods as well as the risk of accidental loss or damage to the goods shall pass from the Sellers to the Buyers at the moment the goods have been loaded on board the plane in the Sellers’ country;

• the date of the Airway Bill is considered as the date of delivery.

2. Packing and marking

2.1. The equipment is to be shipped in secure and proper seaworthy packing to withstand overseas and overland transport and/or transshipment and combined transport to and in the Russian Federation.

2.2. The Sellers shall be held responsible for any losses or damage to the goods owing to improper, inadequate or unsuitable packing.

2.3. A detailed packing note is to be inserted in each case.

2.4. Each case should bear the following marking both in English and in Russian:

HANDLE WITH CARE ОСТОРОЖНО TOP ВВЕРХ DO NOT TURN OVER HE КАНТОВАТЬ CONSIGNEE ГРУЗОПОЛУЧАТЕЛЬ СONTRACT No. КОНТРАКТ № CASE No. МЕСТО № CASE DIMENSIONS ГАБАРИТНЫЕ РАЗМЕРЫ МЕСТА ГРУЗА GROSS WEIGHT ВЕС БРУТТО NET WEIGHT ВЕС НЕТТО

2.5. The Case No. is to be a fraction of which the numerator refers to the consecutive number of the case and the denominator shows the total quantity of the cases in which the whole consignment is packed. 2.6. The marking is to be done in indelible ink on three sides: on the cover, on the front side and on the left side of the cases. 2.7. All parts liable to rust are to be wrapped in waterproof paper. 2.8. The Sellers are liable for any additional transport and storage charges incurred due to the dispatch to a wrong address caused by improper or incorrect marking.