BLOCK 1. 1. _____ prices are firm for _____ duration of the Contract and not subject to any alterations

1. _____ prices are firm for _____ duration of the Contract and not subject to any alterations.

2. _____ Sellers will send _____ Buyers _____ copy of _____ letter covering _____ dispatch of _____ technical documents to _____ address specified by _____ Buyers and enclosing _____ list of _____ documents sent.

3. _____ delivery date is understood to be _____ date of _____ clean “on-board” Bill of Lading issued in _____ name of Smith and Co.

4. Within _____ period specified _____ equipment is to be shipped from _____ port of Glasgow by _____ first vessel available.

5. All _____ expenses connected with _____ collection are to be defrayed by _____ Sellers.

6. In this case _____ Sellers are to pay to _____ Buyers penalty at _____ rate of 10 per cent of _____ value of _____ delayed equipment and to return immediately all _____ amounts received from _____ Buyers prior to _____ cancellation of _____ Contract.

7. _____ payment of this amount is to be effected after _____ expiration of _____ guarantee period within 30 days of _____ receipt of _____ Sellers’ invoice and _____ Start-up Report, issued at _____ Buyers’ factory.

8. If _____ delivery date stipulated by _____ Contract is not observed and _____ shipment of the goods is delayed _____ Sellers are to pay _____ penalty at _____ rate of 0.5 per cent of _____ total value of _____ equipment delayed for each commenced week for _____ first four weeks of _____ delay and 1 per cent for each following commenced week thereafter.

9. Thirty per cent of _____ value of _____ equipment delivered to be paid after _____ start-up of _____ equipment and _____ expiration of _____ guarantee period provided _____ equipment has reached _____ guaranteed capacity and quality of _____ operation.

10. By _____ time stipulated _____ equipment is to be manufactured in accordance with _____ conditions of _____ Contract, tested, packed, marked.

11. Furthermore two copies of _____ above technical documents, _____ Certificate of Quality or _____ Report on Tests stating that _____ equipment has been manufactured in accordance with _____ conditions of _____ contract.

12. If _____ technical documentation is not placed in _____ cases or not sent _____ delivery is considered incomplete and in this case _____ guarantee period begins on _____ day of _____ receipt of _____ complete set of _____ technical documents by _____ relevant addressee specified by _____ Buyers.

13. However, _____ total amount of _____ penalty is not to exceed 10 per cent of _____ value of _____ equipment delayed.

14. _____ penalty amount is to be deducted from _____ Sellers’ invoices when _____ payment is effected by _____ Buyers.

15. _____ Sellers should provide _____ Buyers’ inspectors free of charge with _____ premises and _____ technical facilities necessary for carrying out _____ inspection.