TRANSLATION2
Article 2: PAYMENT
Article 2: PAYMENT METHOD
- Party A to Party B paying 100% of the value of goods actually received in cash or bank transfer within 30 days (thirty days) after each delivery . If payment is delayed, Party A must pay interest on deferred payment at the interest rate of overdue credit of the State Bank of Vietnam and Party B has the right to stop providing goods to Party A.
Party B pay for -Party A 100 % of the value of the Goods Actually received cash or transfer print trong 30 days (thirty days) after each delivery. If slow payments, party A must pay more interest under the credit deferred interest rate of delinquent State Bank of Vietnam and party B has the right to discontinue offering Goods for Party A.
- Monthly either side comparison reports as recorded liabilities specify the amount owed row BUYER SELLER. Minutes for the debts by both parties confirm the latest on the 10th of every month. The seller has the right to stop providing goods in the following cases::
+ The buyer refuses to sign the minutes of the monthly debt validation.
+ The buyer does not pay on time. -Every month made a collation of Parties cả public debt Clearly the amount of the Goods Buyer still owes the Seller. The collation of public debt shall only be signing cả Confirmed by Parties at the tenth monthly at những on. The seller has the right to discontinue Providing the Goods in the sau Circumstances: - The buyer does not sign the report confirming the monthly debt + The buyer không pay on time -This 3: RESPONSIBILITIES OF THE PARTIES 4.1 Responsibilities of Party A - Full payment to Party B on time and to the value of goods delivered as prescribed in Article 2 - Bachelor of delivery may be responsible for checking and signing of documents timely delivery of goods under right quantity, quality practice. - Notification of specific construction projects such as: the progress and status of the roads to work for Party B, to proactive delivery to Party A. - Organize loading timely unloading freight cars of Party B to delivery. If slower than 02 days after the delivery to site B, Party A shall bear the costs incurred by saving car. - If Party A does not receive the goods were right about the quantity and quality specifications are set for in the contract of sale shall be fined 2% of the value of goods for the first 10 days of delay, penalty of 5% for each period of 10 days. Total fines not exceeding 10% of the contract has been completed. - Article 3: Responsibilities of Both Parties 4.1 Responsibilities of party A payment of money for --Full Party B on time and đúng value Were Delivered Goods Hereafter print article 2 - Electing the delivery staff to check có Responsibility and sign the proof of delivery on time sau correct number, real quality -Specific Announcements about construction as: progress and the situation of roads to the work for the Party B to know, to actively Deliveries to Party A. - organization khi unloading cargo on time to delivery of Party B. If too slow 2 days after delivery to the B side, A bear the Costs incurred Partyshall by storing the vehicle. - -If A party does not accept the Goods was right about the number, quality theo are rõ Herein, the penalty of 2 % of the value of Goods on the first all delays for 10, 5% penalty for each round the next 10 days. Total fines not exceeding 10% of the value of the contract was completed.- -4. 2 Responsibilities of Party B - Provides construction steel to the site to Party A on time, right quantity, right quality and types required by Party A. In case party B does not deliver on time specified in this contract, Party B pays party A fine of 0.5% of goods value for each day of delay. Total fines not exceeding 10% of the contract value. - Party B will provide Party A stock check product quality on delivery and invoice before payment Party A. - If the B deliveries, quality quantity and specifications of the goods specified in the contract, Party A has the right to reject the goods. Party B must deliver another shipment under strict quality and specifications stipulated, if this barter delay caused damages to Party A, Party B shall bear the cost of any damage to the A. - Party B the right to stop providing goods in case Party A fails to comply with the payment terms specified in Article 2 - the Responsibilities of Party B --Providing steel building roadwork for party A to the right time, number, quality, type theo to the requirements of party A. In case Party B does not deliver printed right time rõ Herein, the parties pay party B the fine is 0.5% A of the values of the Goods for each day of delay. Total fines not exceeding 10% of the contract value. --Party B Gives Party A the votes to check product quality and the invoice khi Delivered pay ment the before party A Party B --If Delivers Goods incorrect quality, specification of the Goods rõ Herein , the party has the right to refuse A returns. Other Party shall only deliver shipments therefor, if this changes all delays caused Damages A party to party B shall only bear the Costs of damage to a party. --Party B has the right to discontinue printing Goods Providing Party A does not carry case out the correct payment print article 2 defined terms.
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