Page 59 - MEOMA Handbook

j
J
j
J
n
I
I
1
)I
DEFAULT
DELIVERY
EXTENSION
INSURANCE
COLLECTIONI
BANKRUPTCY
OF
7.
8.
9.
10.
If
If
If
If
If
.or
8th
8th
the
least
point
First
First
the
value
the
price
Sellers
7
failing
3
subject
Should
7
award
cancel
delivery
delivery
of
Buyers
oilcake
basis
contract
quantity
against
between
commit
basis
penalties
-14th
-14th
quantity.
constitute
before
constitute
telegram,
to
is
discretion
of
applicable.
In default
and
of
purchase.
by
(hereinafter
the
the
must
days
an
a
days
shall
a
risk.
the
of
for
If
or
purchase,
-
-
defaulter
of
the
the
the
days
days
be
circumstances
extended
extended
sale
working
act
be
carried
no
Buyers
or
period,
the
no
amicable
the
lorry(ies)/coastal
at
shall,
at
mutual
Collection/delivery
additional
is
point
if
coastal
of
sale
who
of
weighed
telex,
default.
referred
default.
contract,
the
and
1%
1%
if
days
of
at
market
is
defaulter
Non-collection/delivery
party
period
oilcake
Non-collection/delivery
period
to
the
of
of
effected
fulfilment
or
forward
penalty
within
shall
penalty
quantity
fulfilment
must
vessel
collection/delivery
is
is
neither
as
they
time
vessel)
of
of
the
of
by
the
the
price
delivered,
at
on
responsible
liable
settlement,
of
notice
of
shall
48
at
damages.
agreement
be
of
Buyers
Sellers,
shall
do
the
during
and
bankruptcy,
for
the
ex-mill,
on
default
the
the
to
shall
the
the
this
56
in
for
be
the
the
carried
be
the
be
right
(for
not
this
any
the
the
be
pay
last
contract
to
the
contract
hours,
notify
demand
justify
for
above
oilcake
day
writing
weighed
oilcake
sell
extended
Oemages
limited
request
reside
day
oilcake
collection/delivery
shall
request
forward
completed
contract
any
payable
it,
of
intention
delivery
the
after
at
price.
price.
by
or
providing
weighbridge.
contract
at
to
to
in
of
of
by
make
contract
right
be
of
determined
of
difference
to
by
by
be
by
shall
moment
is
shall
be
the
the
they
the
the
by
the
in
period)
his
least
within
the
be
giving
default
collection/delivery
good
be
either
5
account
Sellers
effect
Sellers,
lorry
the
suitable
the
not
end
month.
at
either
Buyers,
end
same
the
may,
purchase,
but
the
of
or
of
if
the
changed
of
dissatisfied
contract
at
party
7
full
as
Sellers:
could
notice
creditors
exercised,
computed
payable
working
the
arbitration.
the
party,
loss,
town,
Sellers
differences
by
the
Sellers
delivery.
in
oilcake
the
be
with
transport
the
by
on
if
their
that
exceeding
contract
shall
the
month
The
is
risk
weighbridge
days
the
following
working
have
he
the
the
shall
14
payment
case
any,
up
costs
is
mutual
writing,
and
Buyers/Sellers
the
lorry(ies)/coastal
extended
the
of
between
on
to
other
arbitrators
prior
extended
price
give
days
month.
damages
may
extended
absolute
days.
or
suspend
loaded
the
to
the
from
of
if
Buyers:
damages
the
specific
right
the
to
penalties
unable
be,
such
by
party
period
priod
oilcake
the
vessel
to
into
any,
notice
such
for
Buyers
point
consider
at
whichever
expiry
is
sale
either
for
following
agreement
at
for
new
However,
contract
is
period
of
shall
shall
the
the
discretion,
awarded
contract
to
his
shall
against
cable,
the
at
contract
sale
or
payment,
the
meet
59
57
60
58
56
63
61
62
66
67
65
64
71
70
69
77
72
68
73
75
74
76
78
79
82
81
83
80
88
92
85
86
93
89
90
84
87
91
94
95
96
98
97
99
100
f
I