PART 3 CONTRACT - Pmueinrip-binamarga.com

Bidding Documents for ESB-02Part 3 – ContractSection IX. Contract FormsThis Guarantee shall remain valid and in full effect from the date of the advance paymentreceived by the Supplier under the Contract until [insert date 12 ].With reference to Clause 1832 of the Indonesian Civil Law (Kitab Undang-Undang HukumPerdata) herewith we reaffirm that the Guarantor shall relinquish the special rights of claim onassets belonging to the Principal and for seizure and sale of such assets for the discharge of hisdebts as required in Clause 1831 of the Indonesian Civil Law._____________________[signature(s) of authorized representative(s) of the bank]12Insert the Delivery date stipulated in the Contract Delivery Schedule. The Purchaser should note that in theevent of an extension of the time to perform the Contract, the Purchaser would need to request an extensionof this Guarantee from the bank. Such request must be in writing and must be made prior to the expirationdate established in the Guarantee. In preparing this Guarantee, the Purchaser might consider adding thefollowing text to the Form, at the end of the penultimate paragraph: “We agree to a one-time extension ofthis Guarantee for a period not to exceed [six months][one year], in response to the Purchaser’s writtenrequest for such extension, such request to be presented to us before the expiry of the Guarantee.”3-33