The total amount of the liquidated damages under the agreement shall be limited to five percent (5%) of total contract amount and/or the amount of delayed partial shipment respectively of the goods delayed.
The Seller shall guarantee that at the time of delivery of the goods provided under the agreement shall be free from any defects in materials or workmanship and shall conform to the requirements of the agreement. The results of manufacturer’s inspection report shall be final, but should the goods be proved detective for any reasons, the Seller shall replace all defective goods with new ones, which confirm to the specifications, quality and performance as stipulated in this contract. All expenses incurred to and direct losses sustained by the buyer are excluded of the warranty. The seller shall, at the same time, guarantee the quality of the replacement goods for a further period of 12 months as specified below.