Clauses, Terms and Documentations

FOREIGN CONTRACTS
This presentation will cover:

1. How a tender document will be issued.

2. How a company will respond to the tender
document.

3. How a export and import document will be
drafted.
Tender Document issued by the
inviting company
Tender contains three parts:

1. Instructions to Tenderers.

2. General Conditions of Contract.

3. Specifications.

Instructions to Tenderers
1. Invitation to Tender
2. Finance
3. Quantity of Buses to be Purchased
4. Tender Documents
5. Tender Guarantee
6. Supply Quantity
7. Submission/Opening of tenders
8. Signature of Tenderers
9. Interpretation Of Documents
10. Modification of Documents
11. Prices, Currencies and Payments


General Performance Data
Evaluation of Tender
Payment Terms
Delivery Schedule
Policy for Tenders Under consideration
Validity of Tender
Rejection of All Bids
Performance Guarantee
Acceptance Of Tender
Items to be New
Customs/Duties/Taxes, etc
Cost of Tendering
General Conditions Of Contract

Specification

All Tenders will have a Questionnaire


Reply by Tenderer
Covering Letter
Main Terms and Conditions
1. offer
2. Price
3. Payment
4. Tender guarantee
5. Performance guarantee
6. Validity
7. Deliveries
8. Warranty
9. Insurance
10. Liquidated damages
11. Schedule
12. Questionnaire
13. Comments
14. Supplies
15. Power of attorney


Power of Attorney
Form of Tender
1% Bid Guarantee
Comments on Instructions to Tenderers
Comments on General Conditions of Contract
Comments on Specifications
Questionnaire
Schedules

International Contract
Introduction
Different Articles agreed between two parties such as:
Purpose of this contract
Orders and quantities
Price and price validity
Technical assistance
Licensed trade marks
Liability
Spare parts, service and warranty
Advertisements
Missing and damaged parts claims
Articles contd.

Payment and Delivery terms
Term and Termination
Force Majeure
No implied waiver
Assignment and set off
Dispute resolution
Notices
Annexes


Then the contract is signed in witness
Export contract
Introduction
Different articles agreed upon:
Vehicles, assembly spares equipment etc center.
Shipment
Prices
Credit terms
Payment
Delivery notice
Inspection
Warranty
Performance guarantee
After sale service

Articles contd
Arbitration
Jurisdiction
Force majeure
Termination of the contract
Taxes
Validity
Amendment of the contract
Witness




Thank you