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E. Match the definitions with the words in italics from the text.
1) an official meeting which is arranged to collect facts about a problem
2) person giving expert advice
3) settling of a dispute by an outside person
4) stopping of something planned from going ahead
5) section of a contract
6) a particular condition or requirement
7) the conditions of an agreement that must
be accepted by both sides
8) companies or people involved in a legal agreement
F. Mike Winter, of Winterwear, has signed a contract with a supplier in Hong Kong. Study the details of the contract and its terms.
Sales Contract
| Contract No 601/87 Date........................ This contract is made between SUPREMA LTD hereinafter called the Sellers, and WINTERWEAR LTD hereinafter called the Buyers, for the sale and purchase of the undermentioned goods subject to the terms and conditions herein. Description: Cotton goods: men's garments per pair (trousers, jeans, shirts) Quantity: 400 Trousers (mixed sizes) 1000 Jeans (" ") per annum for three years 2000 Shirts (" ") per annum for three years Packing: Export cartons Price: Trousers: US $6.50 per pair Shirts: US $5.50 each Jeans: US $5.75 per pair Total Value: US $19350.00 per annum Shipment: For delivery at port of Liverpool on the following dates: first shipment on or before July 1st 2010; second and third shipments on or before June 1st 2011 and 2012 Special conditions: Buyers reserve the right to cancel or refuse delivery after the above dates. Payment: By confirmed irrevocable letter of credit in favour of SUPREMA LTD. HONG KONG, available against sight drafts, after each shipment. AS WITNESS THE HANDS OF THE PARTIES For and on behalf of For and on behalf of WINTERWEAR LTD SUPREMA LTD ……………… ………………………… Buyers Sellers |
Notes
herein (after) - in this document
undermentioned - described below
subject to - according to
the hands - the signatures
the parties - those signing the contract
Terms and Conditions
| 1 The goods may be shipped on any vessel of the Seller's choice. 2 The Buyers shall make no claim for late delivery if the delay is not more than 30 days. 3 Sellers are not responsible for any damage to goods during shipment or transportation. 4 If any part of the goods is lost or destroyed during shipment or transportation, the Sellers shall cancel this contract for the part lost or destroyed. 5 All risks shall be for the Buyer's account when the goods have crossed the ship's rail at the port of shipment. 6 Buyers must take delivery of the goods within seven days of their arrival at the port of discharge. 7 If the Buyers fail to take the delivery of the goods, the Sellers may re-sell the goods at any time. 8 Any claim for damage or fault in the goods shall be made in writing before taking delivery. No claim shall be accepted by the Sellers after delivery has been taken. |
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