PART 3 CONTRACT - Pmueinrip-binamarga.com

Bidding Documents for ESB-02Part 3 – ContractSection VIII. Special Conditions of Contractfinally settled under the Rules of Conciliation and Arbitration of theInternational Chamber of Commerce by one or more arbitratorsappointed in accordance with said Rules.(b) Contracts with Supplier national of the Purchaser’s country:In the case of a dispute between the Purchaser and a Supplier who isa national of the Purchaser’s country, the dispute shall be referred toarbitration in accordance with the laws of the Purchaser’s country,under the rules of arbitration of Badan Arbitrase Nasional Indonesia(BANI).GCC 13.1GCC 15.2GCC 16.1Details of Shipping and other Documents to be furnished by the Supplierare negotiable bill of lading, a non-negotiable sea way bill, an airway bill,a railway consignment note, a road consignment note, insurancecertificate, Supplier’s warranty certificate, inspection certificate issued bynominated inspection agency, as appropriate for the method of delivery.The above documents shall be received by the Purchaser before arrival ofthe Goods and, if not received, the Supplier will be responsible for anyconsequent expensesThe prices charged for the Goods supplied and the related Servicesperformed shall not be adjustable.The method and conditions of payment to be made to the Supplier underthis Contract shall be as follows:Payment for Goods supplied from abroad:Payment of foreign currency portion shall be made in ( )(i)Advance Payment: Twenty (20) percent of the Contract Price shallbe paid within thirty (30) days of signing of the Contract, and uponsubmission of claim and a bank guarantee for equivalent amountvalid until the Goods are delivered and in the form provided in thebidding documents or another form acceptable to the Purchaser.(ii) On Shipment: Seventy (70) percent of the Contract Price of theGoods shipped shall be paid through irrevocable confirmed letter ofcredit opened in favor of the Supplier in a bank in its country, uponsubmission of documents specified in GCC Clause 12.(iii) On Acceptance: Ten (10) percent of the Contract Price of Goodsreceived shall be paid within thirty (30) days of receipt of the Goodsupon submission of claim supported by the acceptance certificateissued by the Purchaser.Payment of local currency portion shall be made in Indonesian Rupiah3-20