1 . THE PRODUCTS WHICH ARE THE SUBJECT OF THE AGREEMENT NOTIFIED TO THE COMMISSION ARE THE FOLLOWING :
- SINGLE AND MULTI-STAGE AXIALLY BALANCED STEAM TURBINES FOR ALL MECHANICAL DRIVE APPLICATIONS AND FOR ALL FORMS OF ELECTRICITY GENERATION ,
- SINGLE AND MULTI-STAGE CENTRIFUGAL COMPRESSORS , BOTH WITH AND WITHOUT TURBINE DRIVE ,
- BARREL-TYPE BOILER-FEED PUMPS AND FEED PUMPS FOR NUCLEAR POWER STATIONS , BOTH SINGLE AND MULTI-STAGE , AXIAL AND CENTRIFUGAL , DRIVEN BY ELECTRIC MOTORS OR BY TURBINES ,
- ANY OTHER PRODUCTS SUBJECT TO APPROVAL BY THE PARTNERS .
2 . DE LAVAL-STORK IS ABLE TO SUPPLY STEAM TURBINES , COMPRESSORS AND PUMPS BOTH SEPARATELY AND IN THE FORM OF UNITS IN WHICH THE STEAM TURBINE PROVIDES THE MOTIVE FORCE FOR THE COMPRESSOR OR PUMP .
3 . DE LAVAL-STORK REGULARLY CARRIES OUT GENERAL MARKET RESEARCH , IN THE COURSE OF WHICH IT ENTERS INTO PERSONAL CONTACT WITH POTENTIAL CUSTOMERS . FOR THIS PURPOSE THE SUPPORT OF TECHNICAL STAFF IS INDISPENSABLE IN VIEW OF THE NATURE OF THE PRODUCTS . IF INQUIRIES ARE MADE WITH A VIEW TO PLACING ORDERS WITH DE LAVAL-STORK AS A RESULT OF SUCH MARKET RESEARCH , OFFERS ARE ACCORDINGLY MADE . THE OFFER IS DRAWN UP ON THE BASIS OF PLANS AND DESIGNS WHICH HAVE BEEN LICENSED TO DE LAVAL-STORK BY THE TWO PARENTS , SUBJECT TO ANY NECESSARY CHANGES TO MEET THE REQUIREMENTS OF PARTICULAR CLIENTS .
4 . DE LAVAL-STORK PROVIDES THE USUAL AFTER-SALES SERVICE TO ITS CUSTOMERS . THIS INCLUDES GUARANTEES , TECHNICAL ASSISTANCE IN THE CASE OF BREAKDOWN AND , IF THE CUSTOMER SO REQUIRES , VERIFICATIONS .
USERS REGARD AFTER-SALES SERVICE AS BEING OF GREAT IMPORTANCE . IF A TURBO-COMPRESSOR SET BREAKS DOWN THE LOSS SUFFERED BY THE USER , AS A RESULT OF THE SHUTDOWN OF HIS PLANT , MAY BE GREATER THAN THE COST OF THE SET . SPEED AND QUALITY OF SERVICE ARE THEREFORE HIGHLY REGARDED . THE SERVICING IS USUALLY DONE BY THE ENGINEERS AND TECHNICIANS WHO DESIGNED AND INSTALLED THE SET .
C . THE AGREEMENTS
1 . ON 2 JUNE 1969 DE LAVAL TURBINE AND KMS ENTERED INTO A COMPRESSOR , TURBINE AND PUMP TECHNICAL ASSISTANCE AGREEMENT ( HEREINAFTER REFERRED TO AS ' THE 1969 LICENSING AGREEMENT ' ), WHICH WAS NOT NOTIFIED TO THE COMMISSION .
THE 1969 LICENSING AGREEMENT WAS A PARTLY EXCLUSIVE AND PARTLY NON-EXCLUSIVE MANUFACTURING AND SALES LICENCE , GRANTED BY DE LAVAL TURBINE TO KMS FOR A TERRITORY WHICH INCLUDED MOST OF THE MEMBER STATES OF THE EEC . THE LICENCE COVERED TECHNICAL ASSISTANCE , COMMERCIAL ASSISTANCE , SPECIAL DEVELOPMENT SERVICE , PATENTS , TRADEMARKS AND DESIGNS , AND THE SUPPLY OF PARTS AND EQUIPMENT .
2 . ON 1 SEPTEMBER 1971 THE 1969 LICENSING AGREEMENT WAS REPLACED BY A JOINT VENTURE AGREEMENT ( HEREINAFTER REFERRED TO AS ' THE JVA ' ), ENTERED INTO BY DE LAVAL INTERNATIONAL , KMS AND STORK AND NOTIFIED TO THE COMMISSION ON 2 MARCH 1973 . THE