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Clauses, Terms and Documentations

FOREIGN CONTRACTS

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This presentation will cover:

1. How a tender document will be issued.

2. How a company will respond to the tenderdocument.

3. How a export and import document will bedrafted.

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Tender Document issued by theinviting company

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Tender contains three parts:

1. Instructions to Tenderers.

2. General Conditions of Contract.

3. Specifications.

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Instructions to Tenderers1. Invitation to Tender2. Finance3. Quantity of Buses to be Purchased4. Tender Documents5. Tender Guarantee6. Supply Quantity7. Submission/Opening of tenders8. Signature of Tenderers9. Interpretation Of Documents10. Modification of Documents11. Prices, Currencies and Payments

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General Performance Data

Evaluation of TenderPayment TermsDelivery SchedulePolicy for Tenders Under consideration

Validity of TenderRejection of All BidsPerformance Guarantee

Acceptance Of Tender

Items to be NewCustoms/Duties/Taxes, etcCost of Tendering

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General Conditions Of Contract

Specification

All Tenders will have a Questionnaire

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Reply by TendererCovering Letter

Main Terms and Conditions1. offer2. Price3. Payment4. Tender guarantee

5. Performance guarantee6. Validity7. Deliveries8. Warranty9. Insurance

10. Liquidated damages11. Schedule12. Questionnaire13. Comments14. Supplies

15. Power of attorney

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Power of Attorney

Form of Tender

1% Bid GuaranteeComments on Instructions to Tenderers

Comments on General Conditions of Contract

Comments on Specifications

Questionnaire

Schedules

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International ContractIntroductionDifferent Articles agreed between two parties such as:

Purpose of this contractOrders and quantities

Price and price validityTechnical assistanceLicensed trade marksLiabilitySpare parts, service and warranty

AdvertisementsMissing and damaged parts claims

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Articles contd.

Payment and Delivery termsTerm and TerminationForce Majeure

No implied waiver Assignment and set offDispute resolutionNotices

Annexes

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Then the contract is signed in witness

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Export contractIntroductionDifferent articles agreed upon:Vehicles, assembly spares equipment etc center.Shipment

PricesCredit termsPaymentDelivery noticeInspectionWarrantyPerformance guarantee

After sale service

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Articles contd ArbitrationJurisdictionForce majeureTermination of the contract

TaxesValidity

Amendment of the contractWitness

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Thank you