Common use of Late Delivery and Penalty Clause in Contracts

Late Delivery and Penalty. Should the Sellers fail to make delivery on time as stipulated in the Contract, with exception of Force Majeure causes specified in Clause 13 of this Contract, the Buyers have the right to penalize the Sellers. Only in case the delay shipment is more than 1 week. The penalty, however, shall not exceed 5% of the goods involved in the late delivery. The rate of penalty is charged at 0.5% for every seven days starting counting from 8th day of the delay, odd days less than seven days should be counted as seven days.

Late Delivery and Penalty. Should the Sellers Seller fail to make delivery on time as stipulated in the Contract, with exception of Force Majeure causes specified in Clause 13 of clause 12 in this Contract, the Buyers Buyer shall agree to postpone the delivery not more than 3 weeks from the time of shipment. In the case that the Seller fails to make delivery three weeks later than the time of shipment stipulated in the Contract, the Buyer shall have the right to penalize cancel the Sellers. Only in case the delay shipment is more than 1 week. The penalty, however, shall not exceed 5% of the goods involved in the late delivery. The rate of penalty is charged at 0.5% for every seven days starting counting from 8th day of the delay, odd days less than seven days should be counted as seven daysContract.

Late Delivery and Penalty. Should the Sellers fail to make delivery on time as stipulated in the this Contract, with exception of Force Majeure causes specified in Clause 13 15 of this Contract, the Buyers have shall agree to postpone the right delivery on condition that the Sellers agree to penalize pay a penalty, which shall be deducted by the Sellers. Only in case paying bank from the delay shipment is more than 1 weekpayment. The penalty, however, shall not exceed 5% of the total value of the goods involved in the late delivery. The rate of penalty is charged at 0.5% for every seven days starting counting from 8th day of the delaydays, odd days less than seven days should shall be counted as seven days. In case the Sellers fail to make delivery six weeks later than the time of shipment stipulated in this Contract, the Buyers shall have the right to cancel this Contract.