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3. Answer the questions:

1. Which company is the seller?

2. Which company is the buyer?

3. How are the prices understood to be?

4. When is the equipment specified in Appendix 1 of the present Contract to be delivered?

5. What date is understood to be the delivery date?

6. What shipping documents should be shown?

7. How many sets of the technical documents does the Seller have to send the Buyer?

8. What is the guarantee period of the equipment?

9. How should the equipment be shipped and packed?

10. How are all the containers to be marked?

11. When and how does the Seller have to inform the Buyer about shipment?

12. Who takes care of insurance?

13. When are the Parties released from their responsibility for partial or complete non-execution of their liabilities under the Contract?

4. Are the sentences true (V) or false (X). Correct the false ones.

1. The Seller has bought and the Buyer has sold the machinery, equipment, materials and services.

2. The prices vary for the duration of the Contract.

3. The prices are understood to be CIF Sevastopol.

4. The Letter of Credit is to be valid for three months.

5. All instructions on the drawings are to be in English.

6. The guarantee period is twelve (12) months from the date of the start-up of the equipment.

7. If the equipment proves to be faulty during the guarantee period, the Buyer has at its expense either to remedy the defects or to replace the faulty equipment with new equipment.

8. All the containers are to be marked on three (3) sides.

5. Match the terms in column a with the equivalent terms in column b.

A

B

Russian

Ukrainian

1. Cargo

a. задержка в поставке

затримка поставки

2. delay in delivery

b. срок поставки

термін поставки

3. subject of the contract

c. отгрузочная документация

відвантажувальна документація

4. to be valid

d. арбитраж

арбітраж

5. shipping documents

e. упаковка

пакування

6. space and wear parts

f. лицензионное соглашение

ліцензійна угода

7. packing

g. груз

вантаж

8. marking

h. страховка

страхування

9. arbitration

i. судно

судно

10. vessel

j. расторгать контракт

розірвати контракт

11. license agreement

k. предмет контракта

предмет контракту

12. time of delivery

l. коносамент

коносамент

13. Bill of Lading

m. маркировка

маркування

14. insurance

n. запасные и изнашиваемые детали

запасні деталі і такі, що зношуються

15. to cancel a contract

o. быть действительным

бути дійсним

6. Find in the text the synonyms for the following words and expressions

Aim

to reverberate

invariable

to remove

to supply

wrapping

to be authentic

good for

size

disagreement

fine

argument

sum

according to

7. Find the list below a definition for the given words

A

B

1. certificate

a. an arrangement or decision about what to do, made by two or more people, groups, or organizations.

2. marking

b. an official document that states that particular facts are true.

3. arbitration

c. supporting a person, idea or proposal

4. in favour of

d. legal responsibility for causing damage or injury, or for paying something

5. agreement

e. coming before the main or most important part of something

6. liability

f. a pattern of marks on the surface of something

7. appropriate

g. a change to a document, law or agreement

8. preliminary

h. suitable for a particular situation

9. amendment

i. the official process of trying to settle a disagreement.