after the date of the acceptance certificate for the respective delivery issued by the Purchaser. Interest due for late The payment-delay period after which the Purchaser shall pay interest to payment the supplier shall be days. [insert number, normally 30] GCC 16.5 The interest rate that shall be applied is [insert number corresponding to Prime Bank lending rate of State Bank of India] % Packing, marking The packing, marking and documentation within and outside the packages and documentation shall be: [insert in detail the type of packing required, the markings in the GCC 23.2 packing and all documentation required. Modify the sample clause given below, as required] The Supplier will be required to make separate packages for each Consignee. Each package will be marked on three sides with proper paint/indelible ink with the following: (i) Project; (ii) Contract No.; (iii) Supplier’s Name; (iv) Packing List Reference Number. Insurance cover The insurance shall be paid in an amount equal to 110 percent of the GCC 24.1 EXW value of the Goods from to warehouse (final “Warehouse destination)” on Risks” basis including War Risks and Strikes. “All The Supplier is required under the Contract to transport the Goods duly Transportation insured to the specified final destination, and all related costs shall be GCC 25.1 included in the Contract Price. Incidental services to be provided are: Incidental Services [Selected services covered under GCC Clause 25.2 and/or other should GCC 25.2 be specified with the desired features. These should be in line with the related services given in the Schedule of Requirements. The price quoted in the Bid price or agreed with the selected Supplier shall be included in the Contract Price.] Inspections and The inspections and tests shall be: [insert: per Schedule 1, of the ‘as tests Framework Agreement’, or if different or additional state the nature, GCC 26.1 frequency, procedures for carrying out the inspections and tests] Site of inspections The Inspections and tests shall be conducted at: [insert name(s) of and location(s)] GCC 26.2 Liquidated The liquidated damage shall be 0.5% [modify per week. if necessary] damages The maximum amount of liquidated damages shall be 10% of the call-off GCC 27.1 contract price.
after the date of the acceptance certificate for the respective delivery issued by the Purchaser. Interest due for late payment GCC 16.5 The payment-delay period after which the Purchaser shall pay interest to the supplier shall be [insert number, normally 30] days. The interest rate that shall be applied is [insert number corresponding to Prime Bank lending rate of State Bank of India] % Packing, marking and documentation GCC 23.2 The packing, marking and documentation within and outside the packages shall be: [insert in detail the type of packing required, the markings in the packing and all documentation required. Modify the sample clause given below, as required] The Supplier will be required to make separate packages for each Consignee. Each package will be marked on three sides with proper paint/indelible ink with the following: (i) Project; (ii) Contract No.; (iii) Supplier’s Name; (iv) Packing List Reference Number. Insurance cover GCC 24.1 The insurance shall be paid in an amount equal to 110 percent of the EXW value of the Goods from “Warehouse to warehouse (final destination)” on “All Risks” basis including War Risks and Strikes. Transportation GCC 25.1 The Supplier is required under the Contract to transport the Goods duly insured to the specified final destination, and all related costs shall be included in the Contract Price. Incidental Services GCC 25.2 Incidental services to be provided are: [Selected services covered under GCC Clause 25.2 and/or other should be specified with the desired features. These should be in line with the related services given in the Schedule of Requirements. The price quoted in the Bid price or agreed with the selected Supplier shall be included in the Contract Price.] Inspections and tests GCC 26.1 The inspections and tests shall be: [insert: ‘as per Schedule 1, of the Framework Agreement’, or if different or additional state the nature, frequency, procedures for carrying out the inspections and tests] Site of inspections and GCC 26.2 The Inspections and tests shall be conducted at: [insert name(s) of location(s)] Liquidated damages GCC 27.1 The liquidated damage shall be 0.5% [modify if necessary] per week. The maximum amount of liquidated damages shall be 10% of the call-off contract price.
NCB%20RFB%20FA%20Goods.docx