Quantity & Shipment Clause Samples

Quantity & Shipment. Detailed shipment schedule is set forth in the schedule in Article 4.2: The Goods shall be shipped on or before the ETD, only provided that all purchase price, including the down payment, has been paid by the Buyer according to Article 4.3 of this Contract. Meanwhile, if the Seller is not able to ship according to the Committed Quantity for any particular shipment the Seller is entitled to deliver the quantities in the following shipments and the Buyer has the obligation to accept such make-up quantities, however, the Buyer only obliged to take such delayed quantity once in a month. This paragraph shall not apply to the last two installment shipments in 2010 and the last installment 2011. The Buyer and the Seller agree on a grace period 15 calendar days for late shipment starting from the ETD. After this delay, the Seller shall pay liquidated damages of ****% of the amount of the PI for the delayed Goods per week until the actual shipment date. Nevertheless, the maximum liquidated damages shall not exceed the ****% of the amount of the PI for such delayed Goods. Risk of loss and damage will be transferred from Seller to Buyer immediately after such Goods has passed over the ship rail at the shipment port. However, the title to each shipment shall be passed to Buyer only after the payment for such shipment has been received in full.