Bevel-helical gear reducer B4 rsonnel For the design with a back stop it is ne B4-FH-19-D

Flender/Flender Gear Units/Bevel-helical gear reducer B4

with interest at Ban ks leading rate without prejudice to take any suitable/appropriate action against the sellers. -9- 4. The Seller shall ensure that the materials/equipment supplied are brand new. 1. TERMS OF PAYMENT: - All payment in connection with this contract will be made by means of Account Payee cheque by the Sugar Mills concerned in the following manner. ) No advance payment will be paid. ) 9% of the basic price will be paid after successful For Supply of Secondary Gear Box internals III Stage Gear Wheel With matching Gear Shaft. Balance 1% will be paid after completion of or 2 month from the date of commissioning (or) against the production of irrevocable bank guarantee from any Nationalized Bank for valid for 2 months from the date of successful performance trials. 1. PENALTY: - If the seller fails to supply, erection and commissioning of the subjected equipment in time, the factory shall impost penalty for the delay at the rate of % on the total contract price fo every week but not exceeding 5% of the contract price. However this will be subject to the force majeure conditions and each party honoring their contractual obligations. 1. FORCE MAJEURE: - 1.1 If at any time during the continuance of the contract covered under this agreement it becomes impossible to complete in time the delivery of the equipment or part thereof by reason of war, civil commotion, pestilence, epidemic, earthquake, fire, storm and fl ood, the seller shall not during the continuance of the calamity be responsible to execute the contract provided always that the work shall be resumed as soon as the reason mentioned above case to exist. However strike and lockout are excluded from the purview of the force majeure condition. The force majeure events will entail the contractor only an extension of time equipment to the duration during which such force majeure even exist plus reasonable initial period mutually agreed b