4.The contents of the covering Letter of Credit shall be in strict conformity with the stipulations of the Sales Contract. In case of any variation there of necessitating amendment of the L/C， the Buyers shall bear the expenses for effecting the amendment. The Sellers shall not be held responsible for possible delay of shipment resulting from awaiting the amendment of the L/C and reserve the right to claim from the Buyers for the losses resulting therefrom.
5.Except in cases where the insurance is covered by the Buyers as arranged， insurance is to be covered by the Sellers with a Chinese insurance company. If insurance for additional amount and /or for other insurance terms is required by the Buyers， prior notice to this effect must reach the Sellers before shipment and is subject to the Sellers'' agreement， and the extra insurance premium shall be for the Buyers'' account.
6.The Sellers shall not be held responsible if they fail， owing to Force Majeure cause or causes， to make delivery within the time stipulated in this Sales Contract or cannot deliver the goods. However， the Sellers shall inform immediately the Buyers by cable. The Sellers shall deliver to the Buyers by registered letter， if it is requested by the Buyers， a certificate issued by the China Council for the Promotion of International Trade or by any competent authorities， attesting the existence of the said cause or causes. The Buyers'' failure to obtain the relative Import Licence is not to be treated as Force Majeure.
7.Arbitration：All disputes arising in connection with this Sales Contract or the execution thereof shall be settled by way of amicable negotiation. In case no settlement can be reached， the case at issue shall then be submitted for arbitration to the China International Economic and Trade Arbitration Commission in accordance with the provisions of the said Commission. The award by the said Commission shall be deemed as final and binding upon both parties.
