The Management Board of Fabryka Sprzętu i Narzędzi Górniczych Grupa Kapitałowa FASING S.A. informs that yesterday, January 15, 2018, it was concluded by the Capital Group FASING S.A. contract with MINE OFFICE OBUKHOVSKAYA JOINT-STOCK COMPANY Russian Federation, which is valid until 31/12/2019. br> The subject of the contract is the supply of mining equipment whose list, technical characteristics, delivery date and prices will be agreed by the Parties in the relevant Specifications, which will form an integral part of this contract. The price of the equipment after the Parties sign the Specification for another batch of equipment is permanent and can not be changed. The total value of the contract will be the sum of the value of the equipment delivered in accordance with all Specifications that will form an integral part of this Contract. The currency of the contract and the currency of payment is the euro. Equipment delivery according to this Contract will be carried out on DAP terms in accordance with INCOTERMS-2010. Br> If the Seller fails to meet the delivery dates, the Seller will be obliged to pay the Buyer a penalty of 0.5% of the value of goods not delivered on time each day of violation of delivery dates but in total not more than 5% of the value of the equipment delivered late, and undertakes to cover losses incurred by the Buyer. br> In the event of the Seller breaching the date of repair or replacement of equipment both on delivery and during the warranty period, The Seller shall pay a fine of 0.1% of the value of unrecognized or unlisted equipment for each day of delay in the performance of its obligations under this contract, but in total not more than 5% of the value of unrecognized or unlisted equipment. If the Buyer fails to meet the payment deadline for the equipment delivered under this contract, the Buyer is obliged to pay the Seller a contractual penalty of 0.5% on the value of the unpaid equipment paid for each day of such delay, but in total not more than 5% of the equipment value , which has been paid late. br> The parties will seek to settle disputes and discrepancies that may arise during the execution of this contract amicably. In case if the parties do not reach an agreement inamicable way, disputes will be settled by the International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation. br>
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