Coil upender and handling equipment in India
This Purchase Agreement No.: ……………dated …… for ……………( Scope of Imported Supply) ………., India hereinafter referred to as “Purchase Agreement”, made and entered into on …….. ….. 20….
By and Between
LARSEN & TOUBRO LIMITED, a Company incorporated under the laws of India and having its registered office at L&T House, Narottam Morarjee Marg, Ballard Estate, Mumbai – 400 001, India having its Metallurgical and Material Handling Independent Company Headquarters at Godrej Water Side, Tower II, 11th Floor, DP – 5, Sector – V, Salt Lake, Kolkata – 700 091, India hereinafter referred to as “Purchaser” (which expression shall, unless repugnant to the meaning or context thereof, be deemed to include its successors and permitted assigns) of the second part;
………….., a Company duly organised and existing under the laws of ……………(Country of Vendor) having its registered office at ……
…………….., hereinafter referred to as “Vendor” (which expression shall, unless repugnant to the meaning or context thereof, be deemed to include its successors and permitted assigns) of the one part;
WHEREAS the Purchaser and the Vendor shall be referred to as a “Party” individually and together as “Parties”;
A. the Purchaser has decided to build /procure the Plant & Equipment as per the Scope of Imported Supply as defined in the Purchase coil upender Enquiry Specification at ……….. (“Project”) for which Purchaser intends to enter into this Purchase Agreement with the internationally reputed Vendor; and
B. the Vendor has the experience in the field of said Plant & Equipment and know-how related to the execution of the Project and have agreed to execute the Project in accordance with the terms and conditions of this coil upender Purchase Agreement.
C. the Vendor has accepted the Scope of Imported Supply referred to above
D. the Vendor confirms that all items of imported Plant & Equipment shall be supplied by the Vendor are included and covered by the Contract Price.
NOW THEREFORE, in consideration of the premises, the covenants exchanged herein and other good and valuable consideration, the sufficiency of which is hereby acknowledged by the Parties and intending to be legally bound, the Vendor and Purchaser hereby agree as follows:
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