1. The quality of the goods sold or purchased shall be in full conformity with specifications indicated in the contract at signing.
2. If the quality of the delivered lot of the goods does not correspond to the specifications, the buyer shall have the right at its sole discretion to either reject the respective lot of goods or reduce the price to be paid for the lot of goods. All in accordance with a schedule to be agreed upon by the parties for the execution of the contract.
3. The quality of the goods delivered under the contract shall be determined on either CIF, FOB, TTO or any other mode/terms at the port of discharge by a first class independent inspector, Petrak, Say Bolt or SGS.
4. Seller and Buyer hereby agree that an internationally recognized first class independent Surveyor Company shall be mutually appointed at both designated loading ports, to assess the quality and quantity of the Commodity according to the provisions herein stated. The Seller and Buyer should pay complete inspection cost, according to the account of the Inspector Company in the ratio 50:50.
