Any fractional part of a week is to be considered a

This preview shows page 1 - 2 out of 2 pages.

has been delayed. Any fractional part of a week is to be considered a full week. The total amount of penalty shall not, however, exceed 5% of the total value of the goods involved in late delivery. The Seller grants a grace period of four weeks from the delivery date before penalties shall be applied 4. In the event of late Delivery for reasons other than force majeure as defined in this Contract, the SELLER shall pay as liquidated damages and not as a penalty the sum of 0.1% of the value of the undelivered part per day of late Delivery up to a maximum of 10% of the Price payable under Clause 10 below. Payment of liquidated damages shall be due without the BUYER having to furnish proof of any loss, damages or injury. Payment of liquidated damages shall constitute full and complete satisfaction of any claim of the BUYER against the SELLER arising from or in connection with late Delivery of any Goods. In particular the SELLER shall not be liable for any indirect or consequential loss or damages, as defined in Clause 2.7 above, arising from or in connection with late delivery of any Goods 5. If the Seller fails to deliver the Goods at the fixed date, the Buyer shall have the right to demand from the Seller the payment of a penalty of 1% per day of the value of goods not delivered. The Buyer has the right to cancel contract in case of delayed shipment exceeding 50 days from the fixed delivery time. The Seller shall pay back the Buyer the sum having been
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read both pages?

  • Fall '19

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes