A. GENERAL CONDITIONS OF CONTRACT Definitions 1.1 The following words and expressions shall have the meanings hereby assigned to them: “Contract” means the Agreement entered into between the Purchaser and the Supplier, together with the Contract Documents referred to therein, including all attachments, appendices, schedules and all documents incorporated by reference therein. “Contract Documents” means the documents listed in the Agreement, including any amendments thereto. “Contract Price” means the price payable to the Supplier as specified in the Agreement, subject to such additions and adjustments thereto or deductions therefrom, as may be made pursuant to the Contract. “Day” means calendar day. “Delivery” means the transfer of the Goods from the Supplier to the Purchaser in accordance with the terms and conditions set forth in the Contract. “Completion” the fulfillment of the supply of Goods by the Supplier in accordance with the terms and conditions set forth in the Contract. “Eligible Countries” means the countries as per “GCC” the General Conditions of Contract.
for the due performance of the Contract in the amounts and currencies specified in the PCC. 18.2 The proceeds of the Performance Security be payable to the Purchaser as compensation for any loss resulting from the Supplier’s failure to complete its obligations under the Contract. 18.3 The Performance Security shall be denominated in the currencies of the Contract, or in a freely convertible currency acceptable to the Purchaser, and shall be in one of the forms stipulated by the Purchaser in the PCC, or in another form acceptable to the Purchaser. 18.4 The Performance Security be discharged by the Purchaser and returned to the Supplier not later than twenty-eight (28) days following the date of completion of the Supplier’s performance obligations under the Contract, including any warranty obligations, unless specified otherwise in the PCC. Copyright 19.1 The copyright in all drawings, documents, and other materials containing data and information furnished to the Purchaser by the Supplier herein shall remain vested in the Supplier, or, if they are furnished to the Purchaser directly or through the Supplier by any third party, including suppliers of materials, the copyright in such materials shall remain vested in such third party. Confidential Information 20.1 The Purchaser and the Supplier shall keep confidential and shall not, without the written consent of the other party hereto, divulge to any third party any documents, data, or other information furnished directly or indirectly by the other party hereto in connection with the Contract, whether such information has been furnished prior to, during or following completion or termination of the Contract. Notwithstanding the above, the Supplier may furnish to its Subcontractor such documents, data, and other information it receives from the Purchaser to the extent required for the Subcontractor to perform its work under the Contract, in which event the Supplier shall obtain from such Subcontractor an undertaking of confidentiality similar to that imposed on the Supplier under GCC Clause 20. 20.2 The Purchaser shall not use such documents, data, and other information received from the Supplier for any purposes unrelated to the Contract. Similarly, the Supplier shall not use such documents, data, and other information received from the Purchaser for any purpose other than the design, procurement, required for the performance of the Contract. 20.3 The obligation of a party under GCC Sub-Clauses 20.1 and 20.2 above, however, shall not apply to information that:
Annex - E BIDDER’S FINANCIAL DATA Summary of assets and liabilities on basis of the audited financial statements of the last three financial years. (US$ in Millions) Year Year Year Average 3 years 1 . 2. 3. 4. 5. 6. 7. Assets Current Assets Total Liabilities Current Liabilities. Net Worth (1-3) Working Capital (2-4) Turn Over B. Names / Addresses of Commercial Banks in the country of origin and local branch providing credit line: ……………………………………………………………………………………… ……………………………………………………………………………………… ……………………………………………………………………………………… ……………………………………………………………………………………… ……………………………………………………………………………………… Approx. amount of credit line: ……………………………………………………………………………………… ……………………………………………………………………………………… Attach copies of the Bankers Certificates, audited financial statements of the last financial years.