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8/11/2019 Foreign Contracts[1]
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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