LPSC (M)/PT/04/2013-14 (sl No 3) - ISRO

28. BANK CHARGES:
While the purchaser shall bear the Bank Charges payable to his bankers (State Bank of India,
Nagercoil Branch.) the contractor shall bear the bank charge payable to his bankers including
the charges towards advising amendment commissions.
29. TRAINING:
The contractor shall, if required by the purchaser, provide facilities for the practical training
of purchaser’s engineering or technical personnel from India and for their active association
and the manufacturing process throughout the manufacturing period of the contract stores,
number of such personnel to be mutually agreed upon.
30. APPLICABLE LAW:
The contractor shall be interpreted, construed and governed by the laws of India.
This the _______________________________ ______________________________ day of
____________________________________ ___________ 20
WITNESS
For the (Name of the Bank)
Signed
(Clause 14 of P 005-B refers)
INSURANCE
When the equipment/spares are dispatched, the suppliers shall immediately after loading
on board the ship inform M/s. __________________________________________________
India, the name of vessel, date of dispatch, C & F (Cost & Freight) of the consignment plus
10% for which the insurance cover is to be made. Therefore please airmail the insurance
closing particular in the Proforma given below with copy of Bill of Lading/Airway Bill and
Invoice of the following address under information to the purchaser, if this is not compiled
with, no liability will be undertaken by us our underwriters in case of any transit insurance
claim and it will be your responsibility for making good of the entire loss.