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тема специфікація зміна переробка приймати ставлення страхувати усувати недоліки помилки тощо

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UNIT 5

CONTRACTS

Topical words:

hereinafter [higriiTaifta] далі, нижче

to refer to [ri'f3:] посилатися на

to conclude a contract [kan'klir.d] укладати контракт

subject ['sAbctjikt] specification [,spesifi'keijn] alteration [alta'reijn] to accept [ak'sept] respect [ris'pekt] to insure [in'Jus] to eliminate [i'limineit]

предмет, тема

специфікація

зміна, переробка

приймати

ставлення

страхувати

усувати (недоліки, помилки тощо)

arbitration [V.bit'reijn] to dispute [di'spjurt] to entitle [in'taitl] consent [кап'sent]

CIF - cost, insurance and freight арбітраж, третейський суд обговорювати давати право на згода, дозвіл

СІФ - вартість, страхування та фрахт

Read and discuss the contract.

CONTRACT NO 018.006

Blackville 20 , February 24

The company Blake Electronic Corporation, Blackville, USA, represented by Mr. J.P. Manson, General Manager, hereinafter referred to as the “Seller

and

the company Jackson Ltd. Marketing, Reno, USA, represented by Mr. L.C. Parker, Commerce Director, hereinafter referred to as the “Buyer”, have concluded the present Contract to the effect that:

1. Subject of Contract

The Seller sells and the Buyer buys the goods indicated in the Specification (Enclosure N1), which is an integral part of this Contract. The goods should be delivered in accordance with Terms of Delivery.

  1.  Prices and Total Sum of Contract
    1.  The prices for the goods are in US dollars as indicated in the Specification amount to $5,879 for each set.
    2.  The total sum is $129,497 (one hundred twenty nine thousand four hundred ninety seven).
    3.  The prices as per this Contract have been fixed firmly and are not subject to alteration.
  2.  Terms of Delivery
    1.  Delivery of the goods shall be made CIF San-Francisco, International Airport. The goods are delivered according to the terms printed in the

Specification (see Enclosure N1) but not later then 20 days from the date signing cf the Contract.

  1.  The representatives of the Buyer make the inspection of the delivered, goods before accepting them in respect of quality and quantity.
    1.  Partial deliveries are authorized.

4. Terms of Payment

The Buyer is obliged to make payment in US dollars. 100 per cent value of Contract is to be paid in advance to the Seller’s Bank in 10 days from the date of the Contract’s signing (as indicated in Enclosure N1).

5. Insurance

The Seller shall insure goods to be delivered on CIF terms against usual transport risks in accordance with the Insurance Agreement.

6. Guarantees

  1.  The Seller guarantees the quality of the delivered goods for 36 months from the date of putting the equipment into operation.
  2.  If during the guarantee period the equipment proves to be defective, the Seller at his cost eliminates defects within the shortest possible time or replaces the defective equipment.

7. Packing and Marking

Each set of the goods shall be packed and marked according to the Buyer’s inquiry. Marking Information is the following:

  1.  Name of the consignee;
  2.  Name of the consignor;
  3.  Contract N (Code);
  4.  Air Way Bill N;
  5.  Gross Weight;
  6.  Net Weight;
  7.  BoxN.
  8.  Arbitration
    1.  All disputes and disagreements which may arise due to thi| Contract or in connection with it shall be settled through friendl negotiations between the parties. Disputes and disagreements that' cannot be settled by parties through negotiations are subject tof settlement excluding the court in the Federal Arbitration o“ California State in accordance with the law in force.
    2.  The award shall be final and binding upon both parties.

  1.  Other Conditions У
    1.  All amendments and alterations to this Contract are valid onljf in written form and should be signed by both parties.
    2.  Upon signing this Contract, all preceding talks an
    3.  correspondence on it lose their force.
    4.  Neither party is entitled to transfer rights and obligations to any third party without a written consent of the other contracting party.
    5.  The present Contract has been drawn up in 2 (two) copies; both copies having equal rights.
    6.  Enclosure N1. Specifications on 2 pages.

Ех.2. Answer the questions.

  1.  Who is referred to as the “Seller” in this contract? What firm does he represent?
  2.  Who is the “Buyer”? What post does he hold?
  3.  What is the subject of the contact?
  4.  What is the price for each set of equipment? Can it be changed?
  5.  When should the goods be delivered?
  6.  Why should the goods be insured and who is to do it?
  7.  What should be done if the equipment proves to be defective?
  8.  Who is to eliminate the defects?
  9.  How should all disagreements be settled?

Ex.3. Make these sentences complete.

  1.  The equipment should be delivered
  2.  The prices were
  3.  The goods should be delivered not later
  4.  Before accepting the goods the representatives of the Buyer  
  5.  The goods should be insured against
  6.  The quality of the delivered goods are guaranteed
  7.  If the equipment proves to be defective
  8.  Disputes that cannot be settled by parties
  9.  After the contract has been signed
  10.  All alterations in this contract are valid

І!

Ex.4. Insert the prepositions.

  1.  Our company is represented ... Mr. Stone.
  2.  The goods are delivered in accordance ... these terms.
  3.  The prices are not subject... alteration.
  4.  The date signing ... the contract is October, 17.
  5.  The whole sum is to be paid ... advance.
  6.  Our firm will buy ... CIF terms.
  7.  The firm will eliminate the defects ... its cost.
  8.  Disputes that cannot be settled... parties ... negotiations will h settled... court.





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