12.07.2015 Views

KIOCL Limited. - The Kudremukh Iron Ore Company Limited

KIOCL Limited. - The Kudremukh Iron Ore Company Limited

KIOCL Limited. - The Kudremukh Iron Ore Company Limited

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51.00 TAXES51.01 CONTRACTOR shall pay all contributions, fees, taxes and premiums payable under all applicable lawsrelating to the employment and/or measured upon the payroll of employees engaged in the performance ofwork under CONTRACT and all sales tax, excise, octroi, royalty, transportation, privilege, occupational andother taxes and duties applicable to Equipment, materials and supplies furnished or work performed whichCONTRACTOR is required by law to pay and shall keep harmless OWNER from liability for suchcontributions, premiums and taxes. Under no circumstances shall CONTRACTOR be reimbursed for anyincome taxes or corporate taxes, fees or levies.52.00 AUDITA. CONTRACTOR‟s accounts, related to the Work or any portion thereof shall be available for audit bydesignated representatives of OWNER at all reasonable times.B. Such representatives shall at all times be afforded proper facilities for inspection of CONTRACTOR‟saccounts and shall have access to CONTRACTOR‟s premises, work and materials, records, ledgersand vouchers of every description pertaining to CONTRACTOR‟s performance of this CONTRACT.53.00 INDEPENDENT CONTRACTOR53.01 In the performance of the work, CONTRACTOR shall act as an independent Contractor and not as agent oremployee of ENGINEER or of OWNER.54.00 ASSIGNMENTA. CONTRACTOR shall not assign this CONTRACT or sublet it in whole or in part without prior writtenconsent of OWNER, nor shall CONTRACTOR assign any moneys due or to become due hereunderwithout the prior written consent of OWNER. Any permitted assignment of subletting under thisCONTRACT shall not release CONTRACTOR from his obligation to perform and any assignee orsub-contractor shall be considered the agent of CONTRACTOR and, as between the parties, hereto,CONTRACTOR shall be and remain liable as if no such assignment or subletting had been made.B. Without restricting the foregoing, CONTRACTOR hereby agrees and undertakes to include in hiscontract(s) with sub-contractor(s), in their essence, all the terms and conditions of this CONTRACT.55.00 FORCE MAJEUREA. Any delay, in or failure of performance of the CONTRACT by CONTRACTOR or OWNER shall notconstitute defaults by such party or give rise to any claim for damages against it, if and to the extentsuch delay or failure of performance is caused by acts of God, acts of war or hostilities, acts oromissions of Government, invasion, revolution, civil commotion, blockade, embargo, sabotage, fires,severe earth quakes, typhoons, cyclones, lightning, plague, epidemic or other act, omission orcircumstances, (excluding monsoon) which are beyond the reasonable control of the parties affectedwhich they could not have reasonably foreseen and guarded against and which by exercise ofreasonable care and diligence, they are unable to prevent (hereinafter referred to as Force Majeure).ENGINEER/OWNER shall be the sole judge to decide whether or not an event is Force Majeure anddecision is final and binding. Monsoon season is not considered a FORCE MAJEURE event.B. <strong>The</strong> party affected by the occurrence of the event of Force Majeure shall promptly notify within 10days of such occurrence to the other part hereto at its commencement and termination along with thecopies of any documents, if any, showing the existing or termination of such event and its effect onthe WORK. Delay occasioned by Force Majeure shall give rise to an extension of the time forperformance of either party obligations under this CONTRACT commensurate with such delay.C. Should CONTRACTOR or OWNER be prevented from fulfilling his obligations as provided for underthis CONTRACT by the existence of a cause of Force Majeure lasting continuously for a period offorty five (45) days, the party which is so prevented shall prior to the termination of the Force Majeurecondition and after the expiry of the said period of forty five (45) days have the option to terminatethis CONTRACT without further liability to either party, except that CONTRACTOR shall be paid forthe work performed upto the date of such termination.64

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