Page 63 - MEOMA Handbook

J
J
II
J
n
J
n
u
n
.I
n
n
DELIVERY
DEFAULT
EXTENSION
INSURANCE
COLLECTION!
BANKRUPTCY
OF
7.
8.
9.
10.
3
If
If
If
by
If
If
In
or
8th
8th
the
his
First
First
-
value
the
the
price
copra
7
Should
Buyers
failing
subject
7
cancel
award
Buyers
contract
basis
quantity
commit
against
is
penalties
working
basis
-14th
coastal
quantity.
constitute
to
payment
14th
constitute
telegram,
before
discretion
applicable.
the
and
default
debts
purchase.
of
must
(hereinafter
and
the
days
days
an
a
for
risk.
a
the
of
of
If
or
purchase,
-
defaulter
-
of
or
the
days
be
the
days
circumstances
extended
days
extended
sale
act
carried
period,
point
no
the
amicable
his
or
the
no
lorry(ies)/coastal
collection/delivery
shall,
at
mutual
Collection/delivery
weighed
vessel)
at
additional
if
is
of
of
who
of
sale
that
telex,
Sellers,
default.
referred
default.
the
at
of
contract,
1%
if
1%
notice
market
Non-collection/delivery
party
is
period
defaulter
Non-collection/delivery
to
period
he
debts,
the
of
effected
or
fulfilment
the
forward
within
of
shall
shall
any
quantity
penalty.
must
penalty.
fulfilment
is
vessel
neither
is
time
as
(for
they
of
the
by
of
has
of
at
price
the
the
on
Buyers
of
at
be
48
settlement,
liable
of
shall
be
delivered,
agreement
damages.
for
the
shall
do
bankrupcy,
and
the
the
on
to
the
default
ex-mill,
the
this
the
in
the
be
carried
be
for
60
be
right
intention
convene,
the
this
not
delivery
the
difference
contract
to
pay
last
to
hours,
contract
notify
collection/delivery
the
demand
the
call
copra
copra
justify
by
in
above
writing
day
suspended
extended
sell
copra
limited
request
weighed
Damages
reside
day
completed
or
shall
forward
request
be
weighbridge.
any
contract
payable
by
it,
by
after
of
price.
effect
at
the
or
contract
of
price.
of
in
to
to
make
lorry
at
of
determined
of
be
right
by
by
shall
hold
the
the
or
shall
is
account
moment
they
be
the
the
period)
a
his
least
the
by
collection/delivery
within
7
the
be
giving
good
default
be
payment
changed
either
5
of
end
delivery.
end
Sellers,
not
at
Sellers
the
transport
either
Buyers,
or
the
same
but
may,
purchase,
by
the
of
of
if
the
could
dissatisfied
meeting
contract
at
full
Sellers:
as
working
party
notice
creditors
exercised,
computed
that
payable
working
the
costs
the
arbitration.
the
loss,
be
party,
town,
Sellers
differences
copra
in
the
mutual
with
by
if
on
he
the
their
that
contract
exceeding
either
days
shall
the
is
month
The
risk
from
days
is
following
the
weighbridge
the
have
he
the
of
payment
14
case
Buyers/Sellers
any,
is
the
and
writing,
extended
the
extended
his
upto
extended
of
other
notice
between
arbitrators
on
prior
the
price
month.
about
may
damages
absolute
days.
loaded
or
agreement
the
to
to
suspend
for
the
the
of
if
Buyers:
new
damages
to
the
right
specific
penalties
a
unable
be,
such
by
party
period
copra
period
into
to
any,
creditors
for
whichever
such
point
point
at
expiry
consider
is
either
sale
or
delivery
between
is
of
period
However,
contract
of
following
shall
the
the
shall
cable,
discretion,
at
the
awarded
shall
contract
contract
against
his
sale
to
or
the
payment,
suspend
to
meet
61
58
59
60
62
63
66
67
64
65
77
71
68
70
69
73
72
74
75
76
80
81
82
78
79
87
83
84
85
86
94
90
92
93
88
91
89
96
97
98
99
95
100
101
102