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Assignments. I. Memorise the following words and phrases: breach of contract порушення контракту the sufferer сторонаI. Memorise the following words and phrases:
II. Answer the questions:
1. What kind of claims are made by the Buyer? 2. What sort of claims are lodged by the Seller? 3. What is the procedure for making claims? 4. When does the Seller decline a claim? 5. How are claims settled? 6. What are the sanctions against the defaulter?
Sample contracts Sample Contract 1 Kyiv, December 11, 20… Firm ............, hereinafter referred to as the "Seller" on the one part, and ……hereinafter referred to as the "Buyer" on the other part have concluded the present Contract to the effect that: Subject of the Contract Seller shall sell, and the Buyer shall buy the merchandise (FOB Kyiv) .............which quantity, assortment, and quality are indicated in Specification, Appendix to the present Contract, forming its integral part. Price and Total Cost of Contract The price for the merchandise supplied in accordance with the present Contract amounts to ……, (FOB Kyiv). The total cost of the Contract shall amount to…… Quality of the merchandise Quality of the merchandise to be delivered under the present Contract shall be in full conformity with the standards in force in Ukraine or with norms of the plants, manufacturing the merchandise and shall be confirmed by manufacturer's certificate of quality.
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