Tender Documents - Oil India Limited

equired for permits or licenses for the movement of Contractor‟s personnel.
Should such permits/ licenses be delayed because of objections of
appropriate authorities in respect of specific Contractor‟s persons such
persons should be promptly removed from the list by the Contractor and
replaced by acceptable persons. For any stoppage of operations for such
delays, no day rate will be applicable.
9.0 PAYMENTS:
9.1 Invoices: Mobilization charges will be invoiced only upon completion of
mobilization (after commencing of operation at the first well), submission /
production of appropriate inventory documents, and physical verification by
Company representative.
9.2 Contractor shall send invoice to Company on the day following the end of
each month for all daily or monthly charges due to the Contractor.
9.3 Billings for daily charges will reflect details of time spent (calculated to the
nearest quarter hours) and the rates charged for that time. This should be
in the form of monthly time analysis chart(s). Monthly invoices will be
raised only after commencement of operation at the first well.
9.4 Invoice for reimbursable charges related to the contract will be
accompanied by documents supporting the cost incurred.
9.5 Payment of monthly invoices, if undisputed, shall be made within 30 days
following the date of receipt of invoice by Company excepting for the first
two (2) monthly invoices where some delay (up to one month) may occur.
9.6 Payments of other invoices as set forth in Clause 9.4 shall be made within
60 days following the date of receipt of the invoices by Company.
9.7 Payment of mobilization charges shall be made within 45 days following the
date of receipt of undisputed invoices by Company. Mobilization should be
complete in all respect before raising invoice.
9.8 Payment of demobilization charges shall be made when applicable within
45 days following receipt of invoice by Company accompanied by the
following documents from the Contractor :
a) Audited account up to completion of the Contract.
b) Tax audit report for the above period as required under the Indian
Tax Laws.
c) Documentary evidence regarding the submission of returns and
payment to taxes for the expatriate personnel engaged by the
Contractor or by its sub-Contractor.
d) Proof of re-export of all items (excepting consumables consumed
during the contract period) and also cancellation of re-export bond if
any.
e) Any other documents as required by applicable Indian Laws.