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Provisions of Contract Law on Late Delivery
Legal analysis: if the subject matter is not delivered within the agreed time limit due to the buyer's reasons, the buyer shall bear the risk of damage or loss of the subject matter from the time of breach of contract.

Legal basis: Article 605 of the Civil Code of People's Republic of China (PRC). If the subject matter is not delivered within the agreed time limit due to the buyer's reasons, the buyer shall bear the risk of damage or loss of the subject matter from the time of breach of contract.