Card 17

(FORM OF CONTRACT)

PRICE

The goods will be delivered at prices agreed upon by the parties and indicated in the specifications, packing being either included or excluded, depending upon the nature of the goods supplied.

The prices are................................

The Agents will fix the selling prices for the goods upon agreement with Rossexport, taking into consideration that the difference between the selling price and the contract price is to constitute the commission fee of the Agents and is to cover all expenses connected with the demonstration and sale of the goods as provided for by the present contract.

Terms of payment

Within two days after the sale of the goods the Agents shall notify Rossexport accordingly.

Payment of the full value of the goods sold shall be made by the Agents within 7 days from the date of sale.

The Agents shall inform Rossexport of the prices at which the goods have been sold to third parties.

The Agents are not entitled to make any deductions from the sums due to Rossexport as a security for claims which might have been made on Rossexport or on third parties.

Assignment:

You act as an agent selling goods on consignment basis. What is your margin of profit according to the Contract and should you inform the owner of the goods of it?

Card 18

(FORM OF CONTRACT)

DELIVERY DATE: The delivery date is understood to be the date ^v on which the Suppliers apply to the Buyers' Shipping Agents notifying them that the goods have been inspected and passed for shipment by the Buyers' Inspectors and are packed ready for shipment.

The Suppliers shall dispatch the goods by the date indicated by the Shipping Agents; any delay in doing so shall be counted as delay in delivery on the part of the Suppliers.

Should the Suppliers fail to deliver the goods or part thereof by the delivery date specified in the order, they shall pay the Buyers agreed and liquidated damages for delay in delivery at the rate of... percent, per week of the value of the undelivered goods.

In addition Rossimport reserves the right to reject any goods over ... weeks, and such rejection of the goods shall not free the Suppliers from their liability to pay the Buyers agreed and liquidated damages calculated up to the date of rejection but not more than ... per cent, of the value of the rejected goods.

Rossimport has the right to deduct the amount of agreed and liquida­ted damages, calculated on the basis stipulated in this contract, from the amounts due to the Suppliers.

Assignment:

You received the cargo ordered in two lots and the second lot arrived with a 3 week delay. You are hardly pressed in fulfilling obligations to your own customers. What rights do you have according to the Contract?

Card 19

(FORM OF CONTRACT)

The delivery date is understood to be the date of the Bill of Lading.

If during ,V. days from the date of the readiness of the goods for shipment the equipment cannot be loaded on board ship owing to circumstances beyond the Sellers' control (no shipping facilities available) the Sellers have the right to hand over the goods to the Buyers' Forwarding Agents. In this case the date of the Forwarding Agents' receipt is to be considered the delivery date.

After the handing over of the goods to the Buyers' Forwarding Agents all the expenses connected with the storage of the goods up to the moment of loading them on board ship are to be borne by the Buyers. But in such case the Sellers are to defray cranage and stevedoring expenses in accord­ance with clause 2 of the present contract.

If the goods are not ready for shipment by the date of arrival of the vessel, the Sellers are to compensate the Buyers for the losses they may sustain in connection with the underloading of the ship (dead freight).

Assignment:

You delivered the goods for loading on the berth? But the Buyer was not ready to accept cargo. And you handed the cargo to the Buyer’s Forwarding agent who arranged storage of the cargo. Who will bear expenses in this case?