Guarantee

Guarantee of the Quality of the Equipment

CONTRACT: GUARANTEE. ARBITRATION

Ex. 11. Read examples 1 and 2 of typical guarantee clauses and find the matching English expressions for the following Russian ones:

1. Так как оборудование оказалось неисправным, Продавец должен устранить неполадки или заменить неисправные части за свой счет.

2. Период бесперебойной работы оборудования - один год.

3. Если дефекты не могут быть устранены, Покупатель имеет право отказаться от неисправного оборудования.

4. Вышеуказанный период будет продлен в случае задержки пуска оборудования.

5. Оборудование было произведено в полном соответствии с условиями Контракта.

6. Все транспортные расходы несет Продавец.

7. Покупатель вправе требовать от Продавца уплаты штрафа в размере 8 % от цены, уплаченной Покупателем.

8. Акт, подписанный уполномоченными представителями сторон, заключающих настоящий Контракт.

9. по усмотрению обеих сторон

10. высокое качество технического выполнения и сборки

11. Освобождаться от ответственности, за полное или частичное невыполнение своих обязательств по настоящему Контракту.

Example 1.

The Seller guarantees:

6.1. That the equipment supplied and technological process, automation and mechanization are in full accordance with the highest world technical achievements and meet the highest standards for this type of the equipment existing at the time of delivery.

6.2. High quality of the materials used in the manufacture of the equipment and high quality of the manufacture and assembly.

6.3. The guarantee period is twelve (12) months from the date of the start-up of the equipment, that is reflected in an appropriate Act signed by the representatives of the Parties to the present Contract, but not more than eighteen (18) months from the date of delivery of equipment.

6.4. If the equipment proves to be defective or faulty during the guarantee period, the Seller has at its expense and at the choice of both Parties either to remedy the defects or to replace the faulty equipment with the new equipment of good quality which is to be delivered without delay to the port of delivery.

Example 2.

The Sellers guarantee:

7.1. That the equipment to be supplied has been manufactured in full conformity with description, technical specification and with the conditions of the Contract.

7.2. The period of the guarantee of the trouble-free operation of the equipment is to be twelve (12) months from the date of putting it into operation but not later than eighteen (18) months from the date of the shipment. The above period will be accordingly extended if start-up of the equipment is deferred or the operation of the equipment is stopped.

7.3. If the defects cannot be eliminated, the Buyers have the right to reject the defective equipment or to request a corresponding reduction from its price.

In case the Buyers reject the equipment it is returned to the Sellers or the latter’s account and the Sellers are to repay the sums paid by the Buyers with eight (8) per cent interest per annum.

7.4. If during the guarantee period the equipment proves to be incomplete or/and defective or/and not in conformity with the Contract conditions, the Sellers are to eliminate by means of repairing or replacing the defective equipment or parts thereof with new ones of good quality.

In this case the Buyers are entitled to demand from the Sellers payment of penalty as for delay in delivery at the rate and in accordance with the procedure stipulated in Clause 6 of the present Contract beginning with the date when the claim has been made till the date of delivery of new equipment.

7.5. All the transport charges and other expenses connected with the return or/and replacement of the defective equipment are to be borne by the Seller.

Ex. 12. Read the arbitration clauses below and answer these questions.

1. How can the disputes between the Parties be settled?

2. Where is the matter submitted to if the Parties come to no agreement?

3. How shall the Party which wishes to refer the dispute to Arbitration notify the other Party about its decision?

4. What information does the registered letter contain?

5. How long does it take the other Party to choose its arbitrator?

6. What happens if the other Party fails to choose its arbitrator?

7. Who chooses the Umpire and how long does it take to choose one?

8. Who chooses the Umpire if the Parties fail to agree upon the candidate?

9. How is the award issued?

Example 1.

Дата добавления: 2014-12-23