ading of the ship (dead freight).
4. AGREED AND LIQUIDATED DAMAGES
If the Sellers fail to deliver the equipment by the dates indicated in clause 3, they are to pay the Buyers agreed and liquidated damages at the rate of .... Per cent of value of the delayed equipment for each week during the first four weeks of delay, and of .... Per cent for each following week. But the total amount of the agreed and liquidated damages is not to exceed .... Per cent of the total value of the goods delayed. p> In case of delay in delivery exceeding 3 months the Buyers have the right to cancel the order in whole or in part.
The agreed and liquidated damages are to be deducted from the Sellers 'invoices at the time the Buyers effect payment
5. PAYMENT
Payment for the equipment delivered is to be effected in ..... following way:
a. 90 per cent of the value of the goods delivered is to be paid by acceptances of Sellers 'drafts payable in London at ... months from the date o Bill of Lading against documents, viz.: p> Original and 2 copies of a detailed invoice.
2 original "clean on board" Bills of Lading issued in the name of V/O "Rossimport" to any Russian Port. p> Packing Lists in triplicate. p> Copy of the Buyers 'Inspector's Release Note for Shipment issued in accordance with the Test Report or any other document as to the quality of the goods.
Sellers 'letter about the dispatch of the technical documentation in accordance with clause 6 of the present contract.
Copy of the Export Licence, if required.
b. The remaining 10 per cent, of the value of the equipment delivered is to be paid after putting the equipment into operation on conditions that it reaches the capacity and quality of operation guarantied by the sellers. Payment of the +10 per cent is to be effected within 45 days upon receipt of the Sellers 'invoice and the report of putting the equipment into operation at the factory of the buyers.
6. DRAWINGS AND TECHNICAL DOCUMENTS
Within ....... Days of the date of the signing of the present contract the sellers are to send the Buyers two copies of the following drawings and technical documents for each complete machine:
General view and assembly drawings with main sizes of the equipment as well as a detailed specification of all parts and assemblies of the machine;
Detailed technical description of the machine;
Technical conditions for testing the equipment, erection, maintenance and operation instructions, lubrication schemes, etc.
Foundation and installation drawings
Working drawings of the rapidly wearing-out parts of the machine;
Certificates of the Boiler Supervising Board for the apparatuses operating under pressure. br/>
All printed materials as well as inscriptions on the drawings are to be made in the Russian language.
In addition two copies of the above drawings and technical documents as well as the Certificate of Quality of the equipment or the Test Report stating that the equipment is manufactured in accordance with the conditions of the contract, are to wrapped in waterproof paper and packed in case # 1 together with the equipment.
If the drawings and technical documentation are not placed in the case or not sent to the Buyers beforehand, the delivery is considered non-complete. And in this case the guarantee period is to begin on the date of receipt of the complete set of drawings and technical documents by the Buyers.
7. WEIGHT OF THE EQUIPMENT
The weight of the equipment delivered is to correspond to the weight in the specification enclosed with the present contract.
If the weight of any of the machines is +5 per cent lower than that stipulated in the specification, the price of such machine is to be reduced in proportion to the shortage in the weight on the basis of the average price of the machine per kilogramme.
No extra payment is to be effected for any excess weight is more than 10 per cent of the weight indicated in the specification, the Buyers have the right to reject such a machine and the Sellers are to replace it by another one.
8. INSPECTION AND TEST
The Buyers have the right to send their Inspectors to the Sellers 'factories to check the progress of manufacture of the equipment and the quality of the material and parts and to take part in the tests of the equipment. The sellers shall place at the disposal of the Buyers 'Inspectors, free of charge, all facilities necessary for carrying out the inspection.
Before shipment the Sellers are to test the equipment in accordance with the conditions of the contract. If no such conditions are given in the contra...
