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5.1　　DURING THE TERM OF THIS CONTRACT, WHERE THE BUILDING PROCESS OF THE VESSEL IS DELAYED BY AGREED

5.1 DURING THE TERM OF THIS CONTRACT, WHERE THE BUILDING PROCESS OF THE VESSEL IS DELAYED BY AGREED MODIFICATIONS, EARTHQUAKE, TSUNAMI, TYPHOON, HURRICANE, FLOOD, PLAGUE AND OTHER INSURMOUNTABLE OBJECTIVE CONDITIONS, WHICH ARE OUT OF THE SELLER’S REASONABLE CONTROL OR DUE TO THE OCCURRENCES OF SUCH FORCE MAJEURE TO THE SUPPLIER OF THE MATERIALS OR EQUIPMENTS, SUCH DELAY IS DEEMED AS PERMISSIBLE (HEREINAFTER "PERMISSIBLE DELAY"). BUT THE SELLER MUST TAKE RESPONSIBLE FOR SUCH UNEXPECTED LOST. 5.2 THE SELLER SHALL FAX THE BUYER AWRITTEN NOTICE OF SUCH FORCE MAJEURE EVENT WITHIN 7DAYS UPON ITS OCCURRENCE, ALONG WITH ATESTIMONY ISSUED BY THE LOCAL STATUTORY AUTHORITY. WHEN THE FORCE MAJEURE EVENT ENDS, THE SELLER SHALL NOTIFY THE BUYER IN THE SAME MANNER. 5.3 IF SUCH CASE OCCUR, THE TIME OF DELIVERY SHOULD BE EXTENDED AUTOMATICALLY BY REASON OF THIS DELAY. IF THE TOTAL ACCUMULATED TIME OF ALL PERMISSIBLE DELAYS AMOUNTS TO 90 DAYS OR MORE, THEN IN SUCH EVENT, THE BUYER HAVE THE OPTION TO RESCIND THIS CONTRACT BY SERVING AWRITTEN NOTICE ON THE SELLER AND SELLERS SHALL INSTRUCT THE STAKEHOLDER TO RELEASE THE DEPOSIT TO BUYERS IMMEDIATELY. ARTICLE SIX DELIVERY DELAY IN THE EVENT THAT THE SELLER FAILS TO COMPLETE THE CONSTRUCTION OF THE VESSEL AND DELIVER THE VESSEL IN FULL COMPLIANCE WITH THE SPECIFICATIONS AS PER CL. 1.1 OF THIS APPENDIX ON THE FINAL DELIVERY DATE STIPULATED IN ARTICLE OF THIS CONTRACT, FROM THE FINAL DELIVERY DATE, THE SELLER SHALL BEAR THE LIABILITY FOR BREACH OF THIS CONTRACT AND COMPENSATE TO THE BUYER THE SUM OF USD6000( SIX THOUSAND US DOLLARS) PER DAY SUBJECT TO AMAXIMUM OF 60 DAYS. WHERE THE SELLER FAILS TO COMPLETE THE CONSTRUCTION OF THE VESSEL AND DELIVER THE VESSEL WITHIN 60 DAYS FROM THE FINAL DELIVERY DATE, THE BUYER IS ENTITLED TO REFUSE TO ACCEPT THE VESSEL UNLESS AWRITTEN SUPPLEMENTAL CONTRACT IS ENTERED BETWEEN THE BUYER AND THE SELLER PROVIDES FOR DEFERRED DELIVERY DATE AT AREDUCED PRICE. 7.1