Timescale for completion of offset Offset obligations must be fulfilled by the delivery of the procurement contract, at the latest. This sum withheld does not release the supplier from his offset obligations and the amount will not be credited as offset. If the offset obligations are not met within two years after the expiry of the agreement, the withheld sum will be forfeited. Conditional offset Conditional offset means implementing offset activities before any procurement contract is signed. Such an agreement must be entered into between the potential supplier and the Ministry of Defence.
Conditional offset is subject to the same requirements as other forms of offset.
A conditional offset agreement will not influence the Ministry of Defence's decisions regarding materiel procurement. Nor will any conditional offset agreement confer any right to present financial claims on the Norwegian authorities or Norwegian industrial partners. In cases where a potential supplier fails to win the contract, the value which has been approved and entered in the company's conditional offset account may be transferred to other suppliers or potential suppliers of defence materiel to Norway. It is a condition that the supplier shall be situated in the same country as the contract partner, and that the transfer is sanctioned by the Ministry of Defence. Conditional offset amounts approved are valid for 2 years from the date of contract award.