• None

Late Delivery and Penalty. In case of delayed delivery except for Force Majeure cases, the Seller shall pay to the Buyer for every 2 DAY of delay penalty amounting to 10.5% of the total value of the Equipment whose delivery has been delayed. Any fractional part of a DAY is to be considered a full DAY. The total amount of penalty shall not however, exceed 55% of the total value of the Equipment involved in late delivery. If the delay is more than 15 DAY, the Buyer is entitled to terminate this Contract.
                

Late Delivery And Penalty

This is a smart legal clause that conforms to the Accord Protocol Template Specification, the protocol is managed by the open-source community of the Accord Project. The clause can be parsed and executed by the Cicero engine.

Description

A sample Late Delivery And Penalty clause.

This clause contains:

• Some sample Clause Text - sample.txt, shipping-noforcemajure.txt
• A template - grammar/template.tem
• Some data models - models/model.cto, models/contact.cto
• Contact logic (in JavaScript) - logic/logic.js

Running this clause

On your own machine

1. Download the Cicero template library

2. Unzip the library with your favourite tool

3. Then from the command-line, change the current directory to the folder containing this README.md file.

cd latedeliveryandpenalty

4. With the Cicero command-line tool:

cicero execute --template ./ --sample ./sample.txt --request ./request.json --state./state.json

Note, all of the command-line flags (like --template) are optional.

Alternatively you can use the simpler command below if you want to use all of the default files.

cicero execute

You should see the following output in your terminal:

mattmbp:latedeliveryandpenalty matt$ cicero execute
18:29:45 - info: Logging initialized. 2018-05-15T22:29:45.624Z
18:29:46 - info: Using current directory as template folder
18:29:46 - info: Loading a default sample.txt file.
18:29:46 - info: Loading a single default request.json file.
18:29:46 - info: Loading a default state.json file.
18:29:46 - info: CICERO-ENGINE late
18:29:46 - info: CICERO-ENGINE penalty duration unit: DAY
18:29:46 - info: CICERO-ENGINE penalty duration amount: 2
18:29:46 - info: CICERO-ENGINE diff:149
18:29:46 - info: CICERO-ENGINE capped.
18:29:46 - info: CICERO-ENGINE buyerMayTerminate.
18:29:46 - info: {"clause":"latedeliveryandpenalty@0.0.4-a1c6d2f2e8f97d23244f73f21d67ffdac326b6f33425d56cef9f02a0177b5c0d","request":{"$class":"org.accordproject.latedeliveryandpenalty.LateDeliveryAndPenaltyRequest","forceMajeure":false,"agreedDelivery":"December 17, 2017 03:24:00","deliveredAt":null,"goodsValue":200},"response":{"$class":"org.accordproject.latedeliveryandpenalty.LateDeliveryAndPenaltyResponse","penalty":110.00000000000001,"buyerMayTerminate":true,"transactionId":"c6eb6b44-bfe7-4b8e-8f3d-1e7b82638366","timestamp":"2018-05-15T22:29:46.333Z"},"state":{"$class":"org.accordproject.common.ContractState","stateId":"org.accordproject.common.ContractState#1"},"emit":[]}

This template provides additional sample clause text. You can execute the second sample with the command:

cicero execute --dsl sample-noforcemajeure.txt 

You should then see the following output.

...
11:52:42 - info: CICERO-ENGINE late
11:52:42 - info: CICERO-ENGINE penalty duration unit: DAY
11:52:42 - info: CICERO-ENGINE penalty duration amount: 9
11:52:42 - info: CICERO-ENGINE diff:63
11:52:42 - info: CICERO-ENGINE capped.
...

Output above is abbreviated for clarity at ...

Sample Payload Data

Request, as in request.json

{
    "$class":"org.accordproject.latedeliveryandpenalty.LateDeliveryAndPenaltyRequest",
    "forceMajeure":false,
    "agreedDelivery":"December 17, 2017 03:24:00",
    "deliveredAt":null,
    "goodsValue":200
}

For the request above, you should see the following response:

{
    "$class":"org.accordproject.latedeliveryandpenalty.LateDeliveryAndPenaltyResponse",
    "penalty":110.00000000000001,
    "buyerMayTerminate":false,
    "transactionId":"92141ecd-3081-4fa6-938f-9f94917bcc47",
    "timestamp":"2018-02-18T11:03:26.383Z"
}

Testing this clause

This clause comes with an automated test that ensures that it executes correctly under different conditions. To test the clause, complete the following steps.

You need npm and node to test a clause. You can download both from here.

This clause was tested with Node v8.9.3 and NPM v5.6.0

From the latedeliveryandpenalty directory.

1. Install all of the dependencies.

npm install

2. Run the tests

npm test

If successful, you should see the following output

mattmbp:latedeliveryandpenalty matt$ npm test

> latedeliveryandpenalty@0.0.4 test /Users/matt/dev/accordproject/cicero-template-library/latedeliveryandpenalty
> mocha

11:05:21 - info: Logging initialized. 2018-02-18T11:05:21.175Z


  Logic
    #LateDeliveryAndPenalty
    #LateDeliveryAndPenalty
00:57:38 - info: CICERO-ENGINE late
00:57:38 - info: CICERO-ENGINE penalty duration unit: DAY
00:57:38 - info: CICERO-ENGINE penalty duration amount: 2
00:57:38 - info: CICERO-ENGINE diff:36
00:57:38 - info: CICERO-ENGINE capped.
00:57:38 - info: CICERO-ENGINE buyerMayTerminate.
      ✓ should execute a smart clause


  1 passing (513ms)