Delay of delivery. The Seller is aware of the importance of that the goods are delivered on time. The buyer accepts that goods are delivered up to two weeks earlier than specified ETA. ETA for each shipment shall be specified in this contract, and may be amended if both partners agree, and the change confirmed in writing between the parties. If a delivery of goods is delayed due to causes not attributable to the Buyer, the Buyer is entitled to delay penalty for each full week of delay as follow: First & second week of delay: 0.5% of the overdue container contract value. Third - fifth week of delay: 1.0% of the overdue container contract value. Compensation is paid for a maximum of 5 weeks of delay. If the seller finds that he cannot deliver on time, or if a delay on his part seems likely, he shall without delay notifies in writings the buyer, stating the reason for the delay and the time when delivery can be expected.
Appears in 1 contract
Sources: Purchase Agreement
Delay of delivery. The Seller is aware of the importance of that the goods are delivered on time. The buyer accepts that goods are delivered up to two weeks earlier than specified ETA. ETA for each shipment shall be specified in this contract, and may be amended if both partners agree, and the change confirmed in writing between the parties. If a delivery of goods is delayed due to causes not attributable to the Buyer, the Buyer is entitled to delay penalty for each full week of delay as follow: • First & second week of delay: 0.5% of the overdue container contract value. • Third - fifth week of delay: 1.0% of the overdue container contract value. • Compensation is paid for a maximum of 5 weeks of delay. If the seller finds that he cannot deliver on time, or if a delay on his part seems likely, he shall without delay notifies notify in writings the buyer, stating the reason for the delay and the time when delivery can be expected.
Appears in 1 contract
Sources: Purchase Agreement