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18 Transit insurance & removal of rejected goods<br />

and replacement<br />

157<br />

19 Terms of payment 158<br />

20 Additions / alterations / modifications 160<br />

21 Delivery schedule / completion period 160<br />

22 Liquidated damages for delay in delivery<br />

/completion of works<br />

160<br />

23 Security deposit-cum-performance guarantee 161<br />

24 Purchase preference 162<br />

25 Source of supply 162<br />

26 Patent rights 162<br />

27 Force majeure 163<br />

28 Cancellation/short closure 163<br />

29 Owner supplied materials (OSM) 164<br />

30 Recovery of excess consumption 164<br />

31 Eligibility criteria of joint venture/associates in<br />

turnkey contract<br />

164<br />

32 Changes in constitution of business 166<br />

33 Waiver 166<br />

34 Compliance of regulations 166<br />

35 Sub-letting & assignment 166<br />

36 Vendors drawing & data 167<br />

37 Information provided by the purchaser /owner 167<br />

38 Spare parts, oils & lubricants 167<br />

39 Vendors liability 167<br />

40 Packing and marking 168<br />

41 Modifications 168<br />

42 Guarantee / warranty 168<br />

43 Mode of dispatch 169<br />

44 Demurrage / Wharfage 169<br />

W& P Manual – 2012 Page 7

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