LEGAL INFORMATION

(1) In the case of an Export Sale notwithstanding anything herein to the contrary, the Company shall perform and discharge its duties by presenting the shipping documents i.e. the invoice and Bill of Lading or Delivery Order to the Buyer. Where the contract of sale is on C.I.F. or C&F. terms the Bill of Lading shall be freight prepaid and in the case of a C.I.F. contract the certificate of insurance shall be deemed to be a shipping document.

(2) Notwithstanding  the terms of Clause 4.2 in an Export Sale the contract price shall be paid against presentation of the shipping documents by such method of payment provided in the Sale Contract or if no such method is provided then by irrevocable letter of credit.

(3) Clauses 4.2 (except in relation to interest) and 6.1 herein shall have no application in the case of Export Sales and in Clauses 7.1 and 7.3 references to non-delivery and short delivery shall be construed as reference to short shipment and non-shipment.

(4) In the case of an Export Sale the Buyer hereby warrants that if an Import Licence or permit is required for the Importation of the goods into the country of destination then such Import Licence or permit has been obtained or will be obtained prior to shipment.