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ARTICLE XI: penalty DUE to BREACH OF CONTRACT:
1. Penalty due to delay of delivery:
-If the seller does not deliver as per the schedule requested by the buyer, the Seller is penalized by a fine as follows:
-Fined 0.25% of the value of goods delivered slow/03 first day;
-Penalty 0.1% of the value of goods delivered slowly, next day;
-the total amount of the fine does not exceed 8% (in words: Eight per cent of the contract value)
2. Penalty order slowly:
-If the buyer does not accept the goods as far as the progress required by the seller, the buyer be penalized by a fine as follows:
-Fined 0.25% of the value of goods received is slow/03 first day;
-Penalty 0.1% of the value of goods received is slow, next day;
-the total amount of the fine does not exceed 8% (in words: Eight percent) worth contracts.
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