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ibles and financing related to trade．trans．for of technology and economic cooperation among less．developed countries．----------------------------------------1、total，amount，Failing，delivery，compensating，paid，noted，rate,responsibilities,delayed,specifying，outside (21)________to fulfil the provisions of the contract as agreed upon beforehand．one party is compelled to pay a certain amount of penalty to the other as a way of(22)________the losses sustained by the injured party．This happens，in most cases，when the seller delays in making(23)________or the buyer delays in effecting payment．What applies to both cases is that the two parties normally incorporate in the contract of sale a provision(24)________the amount of penalty to be paid．The amount of penalty is conditional on the amount of time(25)________．However，there is normal．1y a ceiling for the(26)________of penalty to be paid．Here is an example taken from a typical contract：“With the exception that the delay in making delivery is caused by force majeure，the seller agrees to pay the buyer a penalty of no more than 5％of the (27)________value of the contract goods．The(28)________for penalty is 0．05 for every 7 days，a period less than 7 days is rounded uP as such．”But it should be(29)_______that the payment of penalty does not exempt the party who breaches the con-tract in the first place from the(30)______of its execution. 参考答案： 21．Failing 22．compensating 23．delivery 24．specifying 25．delayed 26．amount 27．total 28．rate 29．noted 30．responsibilities 21．Failing 22．compensating 23．delivery 24．specifying 25．delayed 26．amount 27．total 28．rate 29．noted 30．responsibilities----------------------------------------1、1etter of credit
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