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A company and a foreign merchant reached a deal. In the contract there was a stipulation that the seller provided 100 metric tons of some
A company and a foreign merchant reached a deal. In the contract there was a stipulation that the seller provided 100 metric tons of some goods to the buyer with a 5% more or less clause. If the supply of the goods was over the amount stated in the contract, the buyer can accept them at the price stipulated in the contract. The price of the goods was at USD 1 500 per metric ton FOB Guangzhou. The commodity market was on the rise during that time.
Questions:
(1) Under the provisions of the contract, how much should the cargo be handled both within a maximum or minimum number?
(2) Should the seller deliver more or the otherwise in this example? Why?
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