16. Late delivery and penalty
16、合同延期和罰款

Should the Seller fail to make delivery within the contracted period for reasons other than Force Majeure specified in Clause 15 hereof, the Buyer may accept the postponement on condition that the Seller agrees to pay a penalty which shall be deducted by the paying bank from the agreed amount of payment. The penalty, however, shall not exceed 5% (five percent) of the total value of the goods involved in the late delivery. The rate of penalty is charged at 0.55（zero point five percent） for every seven days, odd days less than seven days should be counted as seven days. In case the Seller fails to make delivery ten weeks later than the shipment stipulated in the contract, the Buyer shall have the right to cancel the contract. The Seller, in spite of the cancellation, shall still pay the aforesaid penalty to the Buyer without delay.
除本合同第15條所述不可抗力原因外，賣方如不能按合同規(guī)定如期交貨，并同意支付罰金，買(mǎi)方可同意延期交貨，付款銀行相應(yīng)減少議定的支付金額，但罰款不得超過(guò)遲交貨物總額的5％。賣方如逾期10個(gè)星期仍不能交貨，買(mǎi)方有權(quán)撤銷本合同。盡管合同已撤銷，但賣方仍應(yīng)如期支付上述罰金。