Payment prior to shipment after passing the buyer’s quality inspection and after the quality acceptance by randomly inspecting 5-10 boxes or as many as the buyer wants. The inspection is regarded as the 85-90% of the whole amount of the product. The total payment must be preceded before the goods being transhipped. If the payment is preceded behind the due, a 0.3% charge of the total contract amount shall occur each day when payment is not made on time. After 5 days, the buyer shall be deemed to breach of this contract, and the seller has the right to stop the contract and is entitled to require the buyer to pay a liquidated damage of 15%.
Purchaser must be paid the amount of deposit 120,723 RMB on December …….., 2015 and agreed to a payment for all remaining goods on December 30 ,2015