【正文】 ign, Technical Documentation and a license fee in a fixed amount, shall be __________(say _______________________ only). The breakdown price is as follows: The price for Equipment is __________(say _______________________ only). Fee for design is __________(say _______________________ only). Fee for Technical Documentations is __________(say _______________________ only). License fee is __________________(Say: _________________ only) The total Contract price for the Equipment is for delivery CIF_____ Port, and the Technical Documentations is for delivery CIP (by air) ______ Airport. CIF and CIP term shall be interpreted in accordance with INCOTERMS 2020, issued by the INTERNATIONAL CHAMBER OF COMMERCE (ICC). The total Contract price includes the price for spare parts listed in Appendix 3. However, the total Contract price does not cover the supply of any other spare parts. At the Buyer’s request, the Seller may provide with any other spare parts. A separate agreement shall be signed between the parties. The above price is fixed and firm. The total Contract price does not cover the Technical Service fee and Technical Training fee specified in Appendix 6,7. The total Contract price as well as the Technical Training and Technical Service fee shall not be regarded or in any way be explained or interpreted as covering any of the custom duties, taxes, or charges, fees, and expenses unless expressly listed in the Contract. Article 5 Payment Down Payment Within ____ ( ) days after signing the Contract, the Buyer shall pay ____ ( ) percent of the total Contract price amounting ____ by T/T to the Seller. ......................The Beginning of Option....................... [Option One: Payment by Sight L/C] The balance of the total Contract price amounting ___ ( says ___ only ) shall be paid by an irrevocable Letter of Credit at sight, issued within ___ ( ) days after signing the Contract by a reputable bank in ___ acceptable to the Seller in favor of the Seller. The Letter of Credit shall be available upon the presentation of the following documents till ______(specific expiration date or a specific circumstance for the expiration of the Letter of Credit). ____ ( ) percent of the total Contract price amounting ____ (say ___ only) shall be paid by the Buyer to the Seller within _______ days after the following documents have been submitted by the Seller: (a) Bill of Lading in one (1) original and ___ ( ) copies。 (d) Certificate of Origin in one (1) original and ___ ( ) copies。 b) One (1) copy of Commercial Invoice. [Option Two: Payment under a L/G] The balance of the total Contract price amounting ___ (say ___ only ), plus interest for deferred payment in the amount of ___ (say ___ only ), totaling ___ (say ___ only ) as detailed in Appendix 12 shall be paid by the Buyer by installments as specified in Appendix 12 and backed by an irrevocable Letter of Guarantee in favor of the Seller as per the Appendix 11, issued within ___ ( ) days after signing the Contract by the reputable bank in ____ acceptable to the Seller. ......................The End of Option....................... All the banking charges incurred in the Seller’s bank shall be borne by the Seller while those incurred outside the Seller’s bank shall be borne by the Buyer. Article 6 Delivery of Equipment and Technical Documentation The Delivery of the Equipment The delivery of the Equipment listed in Appendix 3 shall be pleted within ____ ( ) months from the Effective Date of the Contract. Within ____ ( ) months after the Effective Date of the Contract, the Seller shall send to the Buyer a preliminary delivery schedule by fax. Not later than ____ ( ) days before the first shipment, the Seller shall submit to the Buyer the final delivery schedule in three (3) copies indicating Contract number, dispatch number, name of the Equipment, quantity, approximate dimensions, volume of each package and time of each shipment. The port of shipment is ____, while the port of destination is ____. Advance shipment, partial shipment and transshipment are allowed, however, the Seller shall inform the Buyer thirty (30) days before such shipment. The date of Bill of Lading for each shipment shall be considered as the actual delivery date. The Seller shall notify the Buyer by fax of the following within five (5) working days after each shipment is effected: (a) Contract number (b) Name of the vessel and loading port (c) Name of the Equipment shipped (d) Number and date of Bill of Lading (e) Total volume (f) Total gross and weight (g) Total number of packages/cases The Seller shall airmail the following documents in duplicate to the Buyer: (a) Bill of Lading (b) Commercial Invoice (c) Packing List (d) Certificate of Origin (e) Insurance Policy. The Late Delivery of the Equipment If the Seller fails to deliver the Equipment in accordance with the final delivery schedule, the Seller shall pay to the Buyer liquidated damages for such delay at the following rates: (a) From the first week to the fourth week, the liquidated damages shall be ____ ( ) percent of the value of the delayed portion of the Equipment per week (b) From the fifth week to the eighth week, the liquidated damages shall be ____ ( ) percent of the value of the delayed portion of the Equipment per week (c) From the ninth week, the liquidated damages shall be ____ ( ) percent of the value of the delayed portion of the Equipment per week The fractions of four days or more shall be counted as one week and fractions of less than four days shall be omitted. The total aggregate amount of the liquidated damages shall not exceed ____ ( ) percent of the value of the delayed portion Equipment. The Seller shall be released from the liability to the Buyer whatsoever in respect of the