WebSep 15, 2014 · 18. Performance Incentives and Penalties • Have supplier make all future shipments to you at his expense over night next day delivery • Pass on any late fees you incur by your customer • 2% per week penalty to purchase orders • Holding at least 50% of the total amount while working on the root causes with OEMs. 19. WebApr 29, 2010 · we have received a letter of credit which says "we will deduct 10% as penalty charge in case of late shipment." i have two questions on it. 1. do you think that this clause by nature approves any late shipment as discrepancy? 2. if the presenter on its covering letter gives a clear instruction
Contracts Oils Seeds Fats FOSFA International
WebOur contracts provide standard trading terms to ensure the smooth trade of oils, seeds and fats across the globe. This is why 85% of trades are made under our contracts. Contracts are free to download for members. Non-members can download them at a set fee per contract. To ensure our trade contracts remain fair and relevant, our Contracts ... Web2. The clauses of the standard form FOSFA and GAFTA contracts may be divided into 3 categories: a) The Commercial terms, such as those relating to the Goods, Quantity, … halloween music playlist youtube
Penalty Clauses - Stevens & Bolton LLP
WebMar 1, 2024 · Let’s cap the LDs or stagger them, a small slap for the first 30 days, of $100 per day, and then double it to $200 per day and cap it at $20,000 or measured by your rental costs or construction loan interest rate until done. Measure it tight. And, have a reciprocal bonus clause the other way for early completion. WebNov 6, 2014 · In late 2010, Venus (“Buyers”) bought 30,000 mt of Ukrainian yellow corn from Nidera (“Sellers”) on FOB terms, using the GAFTA 49 standard form contract with delivery 16-31 October. The Buyers nominated a vessel that tendered NOR at the load port, Yuzhny, Ukraine, on 15 October 2010. WebMay 15, 2014 · Introduction The Grain and Feed Trade Association ("GAFTA") contracts have traditionally dealt with the consequence of Prohibition, Force Majeure and Strikes by way of independent stand-alone clauses. As of 1 June 2014, a single consolidated clause will replace such individual clauses in both CIF and FOB contracts. This will be effective … halloween music quiz questions and answers