7. Acceptance terms and conditions

7.1. The Seller is obliged to send the goods, ordered by the Buyer, during 3 days after reception of prepayment on the settlement account of the Seller showed in the point 6.1. of this contract.

7.2. The Seller will be responsible for short delivery of the Goods in the dispatches received free of damage subject to duly executed reports until the moment of risk transfer.

7.3. The Goods delivered by the Seller to the territory of the Buyer will not be subject to return in case of the failure to sell it either fully or partially.

7.4. The Goods will be accepted by the Buyer subject to comparing the data specified in the bill of loading with the Goods arrived.

7.5. If the Buyer has not submitted a timely reclamation, he will be considered as having accepted the Goods with no claim.

8. Container. Paking and markind

8.1. The Goods will be placed in a container and packed so that to exclude its damage or destruction for the period of delivery to the place defined in article 4.2.1. of the present Contract.

8.2. Dispatch will contain two copies of the bill specifying the description of the Goods, their quantity, etc. One copy of the bill signed and stamped by the Buyer signifying the acceptance of Goods must to be returned to the Seller.

9. Force-majeure

9.1. Should any circumstances arise which prevent the complete or partial fulfillment by any of the Parties hereto of its respective obligations hereunder, namely: fire, natural calamity, military actions of any kind, embargo, prohibition of export or import or any other circumstances beyond the parties’ control, the term of fulfillment of these obligations will be extended for the period during which such circumstances will remain in force. This circumstances should be approve by the Trade Chamber or other competent organ of the either Party, Buyer, Seller or third neutral country.

9.2. The Party for which it becomes impossible to meet its obligations hereunder will notify the other Party about the beginning and cessation of the circumstances which prevent the fulfillment of its respective obligations within 5 (five) days.

9.3. If the above circumstances continue to be in force for more than 3 months, each Party will have the right to waive any further fulfillment of the obligations hereunder and in this case neither of the Parties will have the right to compensate the other party for any possible losses except reimbursement of any advances paid.

10. Sanctions and reclamations

10.1. In case of delivery of the ordered Goods, the payment for which has been made by the settlement account of the Seller, the Seller pays the penalty in the sum 0,5% from cost of the ordered per every days of delay.

11. Arbitration

11.1. All disputes and difference which may arise out of or in connection with the present Contract will be settled as far as possible by means of negotiations between the parties.

11.2. If the parties do not come to an agreement any dispute arisen out of or in connection with this Contract will be referred to and finally settled in the International Commercial Arbitration Court in Basel, Switzerland.

11.3. The Parties agree that in the process of consideration and settlement of disputes the Rules of Procedure of the International Commercial Arbitration Court in Basel, will apply.

11.4. The law to regulated this Contract will be International material law.

11.5. Arbitration court will consist of one arbiter.

11.6. Place of arbitration will be Basel.

11.7. The English language will be the language of arbitration procedure.