Penalty for delay shall be imposed for all liquidated damages which are applicable on the total Purchase Order amount.
1. Documents required after letter of intent (LOI)
Penalty for documents delay shall be imposed, at the rate of 0.1% of the Purchase Order amount for each day of delay, up to maximum 10% of the total Purchase Order amount.
2. Equipment and Material
Penalty for equipment delay shall be imposed, at the rate of 0.1% of the Purchase Order amount for each day of delay, up to maximum 10% of the total Purchase Order amount.