Common use of Cover-II Clause in Contracts

Cover-II. Financial Bid Financial Bid in excel format (BoQ_XXXXX) provided along with this Tender as per Form Fin – 2A and 2B under Section-V shall be used for quoting prices / offer for the respective vessel(s). (i) This Price Bid shall not contain any terms and conditions whatsoever. (ii) While working out the fees, following points should be noted: (a) All duties, taxes including GST, royalties and other levies payable by the Bidder for executing the Contract, shall be included in the Price Bid. The rates and prices quoted by the Bidder shall be fixed for the duration of the Contract and shall not be subject to adjustment other than that defined in Clause-2.3 under Section VI: Terms of Reference. Further, any variation in the statutory taxes shall be accounted for the payment of differential tax amount by the Bidder. (b) The prices shall be quoted by the Bidder entirely in Indian Rupees. All payments shall be made in Indian Rupees (INR). 10.3 The total duration of chartering shall be as specified in Section – III: Bid Data Sheet.

Appears in 2 contracts

Sources: Tender Agreement, Tender Agreement