1. Economic responsibility of the supplier
(1) If the specifications, varieties and quality of the products do not conform to the provisions of the contract and cannot be used, the supplier shall be responsible for warranty, return and replacement.
(2) If the supplier fails to deliver the goods in accordance with the quantity stipulated in the contract, the Demander shall make up for the short delivery if necessary. The demander may return the goods if it does not need them. The loss caused by the return of goods shall be borne by the supplier.
(3) If the product packaging does not conform to the Contract, the Supplier shall be responsible for the repair or repackaging and bear the cost of such repair or repackaging.
(4) If the delivery time of the products is not in conformity with the provisions of the Contract, Party B shall pay Party A a fine of 10 ‰ of the total value of the delayed payment for each day delayed.
2. Economic responsibilities of the demander
(1) If the Demander changes the product specification, variety, quality or package specification midway, it shall reimburse part of the payment for the change (or package value).
(2) If the Demander returns the goods midway, it shall negotiate with the Supplier in advance. If the Supplier agrees to return the goods, the Demander shall pay the Supplier a fine of 30% of the total value of the returned goods. If the supplier does not agree to return the goods, the demander shall still receive the goods in accordance with the contract.
(3) For the materials submitted by the Demander itself, if the Demander fails to take delivery of the goods on the specified date, the delay in production shall be borne by the Demander.
(4) If the demander fails to pay to the Supplier on the prescribed date, the deferred payment shall be calculated at the interest rate of Bank of China and be regarded as a deferred penalty.