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1、5.1DURINGTHETERMOFTHISCONTRACT,WHERETHEBUILDINGPROCESSOFTHEVESSELISDELAYEDBYAGREEDMODIFICATIONS,EARTHQUAKE,TSUNAMI,TYPHOON,HURRICANE,FLOOD,PLAGUEANDOTHERINSURMOUNTABLEOBJECTIVECONDITIONS,WHICHAREOUTOFTHESELLEFTSREASONABLECONTROLORDUETOTHEOCCURRENCESOFSUCHFORCEMAJEURETOTHESUPPHEROFTHE
2、MATERIALSOREQUIPMENTS,SUCHDELAYISDEEMEDASPERMISSIBLE(HEREINAFTER'PERMISSIBLEDELAYn).BUTTHESELLERMUSTTAKERESPONSIBLEFORSUCHUNEXPECTEDLOST.5.2THESELLERSHALLFAXTHEBUYERAWRITTENNOTICEOFSUCHFORCEMAJEUREEVENTWITHIN7DAYSUPONITSOCCURRENCE,ALONGWITHATESTIMONYISSUEDBYTHELOCALSTATUTORYAUTHORITY
3、.WHENTHEFORCEMAJEUREEVENTENDS,THESELLERSHALLNOTIFYTHEBUYERINTHESAMEMANNER.5.3IFSUCHCASEOCCUR,THETIMEOFDELIVERYSHOULDBEEXTENDEDAUTOMATICALLYBYREASONOFTHISDELAY.IFTHETOTALACCUMULATEDTIMEOFALLPERMISSIBLEDELAYSAMOUNTSTO90DAYSORMORE,THENINSUCHEVENT,THEBUYERHAVETHEOPTIONTORESCINDTHISCONTRA
4、CTBYSERVINGAWRITTENNOTICEONTHESELLERANDSELLERSSHALLINSTRUCTTHESTAKEHOLDERTORELEASETHEDEPOSITTOBUYERSIMMEDIATELY.ARTICLESIXDELIVERYDELAYINTHEEVENTTHATTHESELLERFAILSTOCOMPLETETHECONSTRUCTIONOFTHEVESSELANDDELIVERTHEVESSELINFULLCOMPLIANCEWlTHTHESPECIFICATIONSASPERCL.1.1OFTHISAPPENDIXONTH
5、EFINALDELIVERYDATESTIPULATEDINARTICLEOFTHISCONTRACT,FROMTHEFINALDELIVERYDATE,THESELLERSHALLBEARTHELIABILITYFORBREACHOFTHISCONTRACTANDCOMPENSATETOTHEBUYERTHESUMOFUSD6000(SIXTHOUSANDUSDOLLARS)PERDAYSUBJECTTOAMAXIMUMOF60DAYS.WHERETHESELLERFAILSTOCOMPLETETHECONSTRUCTIONOFTHEVESSELANDDELI
6、VERTHEVESSELWlTHIN60DAYSFROMTHEFINALDELIVERYDATE,THEBUYERISENTITLEDTOREFUSETOACCEPTTHEVESSELUNLESSAWRITTENSUPPLEMENTALCONTRACTISENTEREDBETWEENTHEBUYERANDTHESELLERPROVIDESFORDEFERREDDELIVERYDATEATAREDUCEDPRICE.THESELLERGUARANTEESTHATTHEVESSELISTOHAVEADEADWEIGHTOFNOTLESSTHAN11.500METRI
7、CTONSATTHEDESIGN(SUMMERLOADED)DRAFTMOULDEDOF8.0METERSINSEAWATEROF1.025SPECIFICGRAVITY.THEACTUALDEADWEIGHTOFTHEVESSELEXPRESSEDINMETRICTONSSHALLBEBASEDONCALCULATIONSMADEBYTHESELLER'SDESIGNCOMPANY'SREPORTANDCHECKEDBYTHEBUYER,ANDALLMEASUREMENTSNECESSARYFORSUCHCALCULATIONSSHALLBEPERFORMED
8、INTHEPRESENC
