1. Translate into Ukrainian the sentences given below:

1) The Russian Bankruptcy Law was signed by President Yeltsin on January 8, 1998. It was designed to enhance the creditors’ rights in bankruptcy.

2) Hereby the Parties hereto certify that this Agreement has been duly signed and executed.

3) A trustee in bankruptcy is authorized to collect and liquidate the debtor’s assets.

4) The Companies Act of 1985 provides for the change of status from public to private company and vice versa.

5) To establish a trust, one party, the settlor, transfers property to another party, the trustee, who administers it for the benefit of a third party, the beneficiary.

6) Hereby the Company appoints Mr. Black as its Attorney-in-fact to act on behalf of the Company.

7) Public and private companies are governed by the Companies Act of 1985.

8) No director may assign his or her rights to one another.

9) The Board of Directors is authorized to appoint an independent auditor and fix remuneration payable to him.

10) A trustee in bankruptcy may sell the debtor’s assets if such debtor entity is wound up.

Перекласти контракт contract № …

«__________________», hereinafter referred to as the «Buyer», duly represented by the CEO_____ acting under the Company Charter, on the one part, and

___________, hereinafter referred to as the «Seller», duly represented by the Chief of the Department of Commerce and Logistics Sergey Zelenskiy , acting under Power of Attorney №28 of April 10th, 2008, on the other part,

have concluded the present Contract as follows:

1. Subject of Contract

1.1. Under the present Contract the Sellers have sold and the Buyers have bought, on the terms of payment in advance, diamonds (non- industrial, polished, unmounted or unfixed, cut, jewelry) with the weight of ….. Cts, in quantity of … Pcs, in accordance with Specifications №……. for the amount of: …… (…….. ) US Dollars (currency code: 840)

On conditions CIP ….., Incoterms - 2000, in the order stipulated in the present Contract.

2. Insurance

2.1. The goods shall be insured by the Sellers with reinsurance in "Lloyd" on condition "against all risk", from Smolensk to ……...

3. Terms of payment

3.1. Payment for the goods shall be effected by the Buyers in US dollars within …. days from the date of signing the present Contract Documents: invoices, specification, an insurance policy and airway bill shall be sent to the Buyers without payment.

3.2. Bank commission and other bank expenses shall be covered by the Buyers with indication in item "Details of Charges" of the payment instructions to their bank "Charges our".

3.3 Payment for goods shall be effected by the Buyers in US dollars by way of remitting the contract value of the goods via "THE BANK OF NEW YORK", to the account № ….

Remittance shall be effected by the Buyers with obligatory indication of the present contract number in the payment order .

4. Quality of Goods

4.1. The quality of the goods delivered under the present Contract shall conform to the existing standard of the Sellers “Polished diamonds. Classification of diamonds”, FST 00227790.270-2002.

5. Packing and Marking

5.1. The goods will be packed in wooden cases or millboard boxes and marked as follows :

1) gross weight; 2) name and address of the Consignee; 3) Senders' name and address; 4) Airway bill number;

5) Number of cases.

6. Delivery and Acceptance of Goods

6.1. Shipment of the goods will be implemented not later than 5 days as from the date of receiving the full contract value on the Sellers’ account.

The date of the flight mentioned in the airway bill, is to be considered as the date of delivery.

7. Responsibility

7.1. Should the Buyers fail to observe the term of remittance stipulated in Clause 3 of the present Contract or fail to fulfill the obligation indicated in clause 3.4. of the present Contract, the Sellers have the right to cancel the present Contract.

7.2. Should the Sellers suffer losses as paying penalty provisions applied by the state structures of the Sellers for the default of the Buyers’ obligations for under the present Contract the Buyers shall indemnify the Sellers for penalty provisions within 10 days since the respective documents are tendered.