This is a claim on delayed shipment.
这是延期装运索赔。
You should be responsible for all the losses resulting from the delayed shipment.
你方应对延误装运造成的一切损失负责。
In this case the buyer has the right to cancel this contract but may agree to give the seller a grace period of five (5) days for delayed shipment.
在此情况下,买方有权取消本合同,但是同意为预期的交付提供5天的优惠期。
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