[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-187775-en":3,"doc-seo-187775-105":30,"detail-sidebar-cat-1-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":11,"category_id":12,"category_name":13,"doc_title":14,"doc_description":15,"doc_content":16,"file_id":17,"file_url":18,"file_type":19,"file_size":20,"view_count":4,"is_deleted":4,"is_public":11,"is_downloadable":11,"audit_status":11,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":15,"update_tm":28,"read_time":29},187775,19241457091524,"Gelato","https://us-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",1,17,"Forms","Purchase Agreement Template - Performance Bond and Delivery Penalties","Contract clauses define the seller’s obligation to issue an operative performance bond in favor of the buyer, including timing after deposit receipt and conditions for bank confirmation. The buyer may declare breach if the seller is behind schedule opening the bond by more than 14 days or delivering goods more than 45 days, with rights to draw on the bond or cancel the contract and demand return of the cash bank deposit. Shipping delays trigger per-ton penalties unless contract cancellation applies or excluded delivery delays occur, with settlement dropped under buyer payment delays and document presentation requirements.","| 8.11 | THE SELLER ISSUES AN OPERATIVE PERFORMANCE BOND GUARANTEE IN FAVOUR OF |\n| --- | --- |\n| 8.12 | THE BUYER FOR AN AMOUNT EQUAL TO XXX.XXX,XX US$ . THIS PERFORMANCE BOND WILL BE ISSUED 21 CALENDAR DAYS FROM THE DAY THE DEPOSITAMOUNT HAS RECEIVED OF THE DEPOSITACCOUNT AND THE DEPOSITBANK HAVE SEND THE CONFIRMATION TO SELLER’S INVESTMENTBANK THAT THE DEPOSITACCOUNT IS BLOCKED FOR XXX CALENDARDAYS.\u003Cbr>THE PERFORMANCE BOND SHOULD BE ISSUED BY A BANK WITH EQUAL OR BETTER RATING AS THE BUYER’S BANK. IF THIS IS IMPOSSIBLE, THE PERFORMANCE BOND SHOULD BE CONFIRMED BY A BANK ACCEPTABLE TO BUYER. IN CASE THE SELLER IS BEHIND SCHEDULE WITH THE OPEN THE PERFORMANCE BOND MORE THAN 14 DAYS THE BUYER HAS THE RIGHT TO DECLARE BREACH OF CONTRACT. THE BUYER HAS THE RIGHT TO DEMAND BACK THE CASH BANK DEPOSIT. |\n| 8.13 | IN CASE THE SELLER IS BEHIND SCHEDULE WITH THE DELIVERY OF GOODS MORE THAN 45 DAYS THE BUYER HAS THE RIGHT TO DECLARE BREACH OF CONTRACT THROUGH THE SELLER AND CAN DRAW ON THE PERFORMANCE BOND TO BALANCE HIS COSTS. IN THAT CASE THE BUYER CAN CANCEL THE CONTRACT. AFTER HAVING PAID ALL SELLER'S OUTSTANDING ACCOUNTS FROM THIS CONTRACT. THE BUYER HAS THE RIGHT TO DEMAND BACK THE CASH BANK DEPOSIT. |\n| 8.14 | IN CASE SELLER IS LATE WITH SHIPMENTS, HE HAS TO PAY A PENALTY AMOUNT OF XX,XX US$/MT TO THE BUYER FOR EACH TON OF GOODS BEING DELAYED UNLESS THE CONTRACT HAS BEEN CANCELLED AND UNLESS THE BANK CASH BANK DEPOSIT HAS BEEN RETURNED TO THE BUYER’S BANKACCOUNT. |\n| 8.15 | THE SETTLEMENT OF THIS PENALTY WILL BE DROPPED IF THE BUYER HIMSELF IS DELAYED IN PAYMENT FOR TRANSACTIONS OF SPECIFIC SHIPMENTS. A DELAY OF SHIPMENT EXISTS IN CASE THE SELLER CANNOT PRESENT THE DOCUMENTS IN ACCORDING TO CLAUSE 9 TO THE BUYER WITHIN 60 DAYS AFTER THE AGREED SHIPPING DATE IN APPENDIX 3. |\n| 8.16 | EXCLUDED FROM THE REGULATION IN ARTICLE 8.20 AND 8.21 IS ANY DELAY OF DELIVERY THAT HAS BEEN CAUSED BY THE BUYER OR FOR WHICH THE BUYER IS SOLELY RESPONSIBLE. ALSO EXCLUDED ARE ANY DELAYS OF DELIVERY FOR WHICH NEITHER THE BUYER NOR THE SELLER IS RESPONSIBLE OR THE SELLER STOPS THE DELIVERIES BECAUSE THE BUYER IS IN “DELAY IN PAYMENT”ACCORDING TO CLAUSE 8.6. IN SUCH CASES, A CANCELLATION OR DRAW ON THE PERFORMANCE BOND ISNOT ALLOWED AND PENALTIES DO NOT HAVE TO BE PAID BY THE SELLER. |\n| 8.17 | IN THE EVENT THAT THE BUYER FAILS TO PAY THE CASH BANK DEPOSIT (WITHIN 14 DAYS OF SIGNING THE FINAL CONTRACT, THEN THE BUYER HAS TO PAY A PENALTY FOR BREACH OF CONTRACT TO THE SELLER IN THE AMOUNT OF XXX.XXX,XX US$ . |\n| 8.18 | SPELLING AND TYPOGRAPHICAL ERRORS AND DIFFERENCES OF SUCH NATURE BETWEEN BANK ISSUED AND BENEFICIARY ISSUED DOCUMENTS SHALL NOT BE DEEMED DISCREPANCIES PROVIDED THAT THE INTENT OF THE WRITER IS CLEAR FROM THE CONTEXT AND IN SUCH CASE ONLY UCP500 REGULATIONS SHALL APPLY AT ANY TIME. |","cbCaipCJrSHv6wzh","https://ap.wps.com/l/cbCaipCJrSHv6wzh","pdf",234562,26,"English","en",105,"# Performance Bond Issuance and Buyer Rights\n## Bond opening delays\n## Delivery delays and contract cancellation\n## Penalties for late shipments\n## Exclusions and documentation discrepancies","[{\"question\":\"When must the performance bond be issued to the buyer?\",\"answer\":\"The performance bond must be issued 21 calendar days from the day the deposit amount is received, and the deposit account and deposit bank have sent confirmation to the seller’s investment bank that the deposit account is blocked for the specified period.\"},{\"question\":\"What happens if the seller is late in opening the performance bond or delivering goods?\",\"answer\":\"If the seller is behind schedule opening the performance bond by more than 14 days, the buyer may declare breach and demand return of the cash bank deposit. If delivery is delayed by more than 45 days, the buyer may declare breach, draw on the performance bond to offset costs, and can cancel the contract after settling the seller’s outstanding accounts.\"},{\"question\":\"How are penalties and exclusions for shipping delays handled?\",\"answer\":\"Late shipments require a penalty per ton for each delayed ton unless the contract is cancelled and unless the cash bank deposit has been returned. Penalties are dropped if the buyer is delayed in payment for specific shipments, and some delivery delays are excluded when caused by the buyer or for which the buyer is solely responsible.\"}]","Purchase Agreement Template - Performance Bond and Delivery Penalties | PDF",1788385343,9,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":14,"keywords":34,"description":15,"schema_data":35,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":28},"purchase-agreement-template-performance-bond-and-delivery-penalties","",{"@graph":36,"@context":86},[37,54,69],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":11},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/template/","Template",2,{"item":49,"name":13,"@type":43,"position":50},"https://docshare.wps.com/template/forms/",3,{"item":52,"name":14,"@type":43,"position":53},"https://docshare.wps.com/template/purchase-agreement-template-performance-bond-and-delivery-penalties/187775/",4,{"url":52,"name":14,"@type":55,"author":56,"headline":14,"publisher":58,"fileFormat":61,"inLanguage":23,"description":15,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":41,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-09-04","2026-09-02",true,{"@type":66,"interactionType":67,"userInteractionCount":11},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"When must the performance bond be issued to the buyer?","Question",{"text":76,"@type":77},"The performance bond must be issued 21 calendar days from the day the deposit amount is received, and the deposit account and deposit bank have sent confirmation to the seller’s investment bank that the deposit account is blocked for the specified period.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"What happens if the seller is late in opening the performance bond or delivering goods?",{"text":81,"@type":77},"If the seller is behind schedule opening the performance bond by more than 14 days, the buyer may declare breach and demand return of the cash bank deposit. If delivery is delayed by more than 45 days, the buyer may declare breach, draw on the performance bond to offset costs, and can cancel the contract after settling the seller’s outstanding accounts.",{"name":83,"@type":74,"acceptedAnswer":84},"How are penalties and exclusions for shipping delays handled?",{"text":85,"@type":77},"Late shipments require a penalty per ton for each delayed ton unless the contract is cancelled and unless the cash bank deposit has been returned. Penalties are dropped if the buyer is delayed in payment for specific shipments, and some delivery delays are excluded when caused by the buyer or for which the buyer is solely responsible.","https://schema.org",{"og:url":52,"og:type":88,"og:title":14,"og:site_name":59,"og:description":15},"article",{"robots":90,"canonical":52},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":93},[94,99,104,109,114,119,122,127,132],{"id":95,"doc_module":11,"doc_module_name":46,"category_name":96,"show_sort_weight":97,"slug":98},11,"Presentations",90,"presentations",{"id":100,"doc_module":11,"doc_module_name":46,"category_name":101,"show_sort_weight":102,"slug":103},12,"Resumes",80,"resumes",{"id":105,"doc_module":11,"doc_module_name":46,"category_name":106,"show_sort_weight":107,"slug":108},14,"Invoices",70,"invoices",{"id":110,"doc_module":11,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},15,"Posters",60,"posters",{"id":115,"doc_module":11,"doc_module_name":46,"category_name":116,"show_sort_weight":117,"slug":118},16,"Social Media",50,"social-media",{"id":12,"doc_module":11,"doc_module_name":46,"category_name":13,"show_sort_weight":120,"slug":121},40,"forms",{"id":123,"doc_module":11,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},18,"Letters",30,"letters",{"id":128,"doc_module":11,"doc_module_name":46,"category_name":129,"show_sort_weight":130,"slug":131},21,"Paper Templates",5,"papers-templates",{"id":133,"doc_module":11,"doc_module_name":46,"category_name":134,"show_sort_weight":4,"slug":135},158,"General","general-158"]