PRESSURE CYLINDERS INSPECTION AND MAINTENANCE.

RFQ N.SR-26643-2022

PART 3 – COMMERCIAL QUOTATION

INDEX

DEFINITIONS .................................................................................................................. 4

1. INTRODUCTION AND CONTRACTORS UNDERSTANDING OF SCOPE OF

WORK ............................................................................................................................. 5

1.1 Bid Documents Submittal ............................................................................................ 5

2. AUTHORIZATION SIGNATORY ............................................................................. 6

3. SCHEDULE OF RATES .......................................................................................... 7

4. TERMS OF PAYMENT ............................................................................................ 8

4.1 Currency ........................................................................................................................... 8

4.2 Invoices ............................................................................................................................. 8

4.3 Sixty (60) Day Payment Period ................................................................................... 8

5. TERMS & CONDITIONS .......................................................................................... 9

5.1 No Free STAND-BY Time for Equipment and Personnel ..................................... 9

5.2 Materials and Consumables Compensation ........................................................... 9

5.3 Force Majeure during the Execution of the Project .............................................. 9

5.4 Cancellation of the Contract ..................................................................................... 10

5.5 Loss & Damage of CONTRACTOR Equipment..................................................... 10

5.6 Article 16 of the Petroleum Law ............................................................................... 10

5.7 Libyan Civil Law ........................................................................................................... 10

EN22421_MOO_SR.26643-2022_Commercial Quotation Rev0 Page 3 of 10 pages