In August, 2010, China import and export company in the far east by domestic buyers entrust, from Spain betis the import of 20 tons of super olive oil. In October, after the goods arrived in Shanghai, this company entrust Shanghai inspection bureau (already issue an inspection report), found that the product does not conform to the relevant national standards, the quality data is far less than the other party of the provided sample. After consultations, the company will reduce the price by 50% processing to the buyer of goods to make another he. For this purpose, the company compensate to pay the buyer of RMB million yuan, 500000 yuan of payment of the liquidated damages contract, and assume a fee of $10000, and $50000 of other fees (us $and the renminbi exchange rate for the latest now. 65).