PENALITIES FOR DEFAULT : Liquidated damages at the rate of 1% of contract

value shall be levied on M/S.Excel Coatings India Private Limited.subject to a

miximum of 2.5% of contract value.

1) P & F : INCLUSIVE

2) FREIGHT: IN THE SCOPE OF NBVL.

3) TRANSIT INSURANCE: IN THE SCOPE OF NBVL.

PLEASE COMMUNICATE THE DESPATCH PARTICULARS TO THE FOLLOWING
PARTY IMMEDIATELY AFTER DESPATCH IS MADE:
M/S. NATIONAL INSURANCE CO.LTD,
AT SOUTH MADHUBAN,
P.O. /DIST. DHENKANAL. (ORISSA).
PH. 06762-224522 FAX, 06762-224404

4) REJECTION: ANY VARIATION IN THE SPECIFICATION WILL LEAD

TO REJECTION AT YOUR COST AND RISK.

5) TEST CERTIFICATES:
(i) M/S.SHANTA TECHNO PVT. LTD. SHALL SUBMIT IBR TEST
CERTIFICATES WITHIN 15 DAYS FROM THE DATE OF DISPATCH AND
THE IBR APPROVED DRAWINGS (1 ORIGINAL+3 PHOTOSTAT SETS), AS
BUILT DRAWINGS (1 CAD SOFT COPY ) WILL BE HANDED OVER TO NBV
AT THE TIME OF HYDRO TESTING (INSPECTION).

(ii) MANUFACTURING, PERFORMANCE AND GUARANTEE CERTIFICATES

SHALL BE SUBMITTED ALONG WITH DESPATCH DOCUMENTS.
M/S.SHANTA TECHNO PVT.LTD.SHALL SUBMIT THE MATERIAL TEST
CERTIFICATES FOR NBVL REVIEW.

6) DRAWINGS AND DOCUMENTS:

(i) M/S.SHANTA TECHNO PVT. LTD. SHALL SUBMIT THE DRAWINGS &
DOCUMENTS, QAP FOR APPROVAL OF NBVL, WITHIN 7 DAYS FROM THE
DATE OF PO.
(ii) SIX SETS COMPRISING ALL TEST REPORTS, FINAL DRAWINGS,
ETC. ALONG WITH SOFT COPY SHALL BE SUBMITTED ALONG WITH
MATERIAL SHIPMENTS.
(iii)IBR APPROVED DRAWINGS (1 ORIGINAL+3 PHOTOSTAT SETS), (1
CAD SOFT COPY) WILL BE HANDED OVER TO NBV AT THE TIME OF
HYDRO TESTING AT STPL WORKS (INSPECTION).

7) (i) ALL IN-BED EVAPORATOR COILS SHALL BE SUPPLIED WITHOUT

ANY BUTT JOINTS, HENCE HYDRO-TEST AT SHOP WILL NOT BE
REQUIRED. HOWEVER TUBES WILL BE 100% HYDRAULICALLY TESTED
AND CERTIFIED BY TUBE MANUFACTURER.
(ii) TUBE THINNING ON BEND PORTIONS SHALL BE MAINTAINED AS
PER IBR REGULATIONS.
(iii) 100% RADIOGRAPHY OF BUTT JOINTS SHALL BE DONE AT STPL
WORKS.
(iv) 100% HYDRO TEST SHALL BE DONE AT STPL WORKS FOR IN-BED
SUPER HEATER COILS.
(v) 100% AIR BALL TEST SHALLLL BE DONE AFTER HYDRO TEST AT
STPL WORKS.
(vi) STPL SHALL USE D&H MAKE WELDING CONSUMABLES FOR TUBE
WELDING & FILLER WIRE OF KOBE/D&H MAKE ONLY.

8) INSPECTION:
INSPECTION SHALL BE CARRIED OUT BY NBVL ENGINEER AT THE SITE
OF M/S.SHANTA TECHNO PVT.LTD. AFTER RECEIPT OF RAW
MATERIALS. M/S.SHANTA TECHNO PVT.LTD. SHALL INFORM
IMMEDIATELY AFTER RECIPT OF RAW MATERIALS.
PRE-DISPATCH INSPECTION SHALL ALSO BE CARRIED OUT BY OUR
REPRESENTATIVE AT YOUR WORKS FOR WHICH 7 DAYS ADVANCE
INTIMATION SHALL BE GIVEN TO ENABLE US TO SEND OUR
REPRESENTATIVE. ALL CO-OPERATION AND TESTING FACILITIES,
MATERIALS, TOOLS ETC. SHALL BE PROVIDED TO OUR
REPRESENTATIVE AS PER APPROVED QAP TO CARRY OUT THE
INSPECTION. HOWEVER, FINAL INSPECTION SHALL BE DONE ON
RECEIPT OF MATERIALS AT OUR SITE.
DURING MANUFACTURE, NBVL REPRESENTATIVES SHALL HAVE THE
RIGHT TO EXPEDITE AND/OR INSPECT DESIGN, MATERIALS,
WORKMANSHIP AND PROGRESS OF THE MANUFACTURE OF M/S.SHANTA
TECHNO PVT.LTD.AND HIS SUB-CONTRACTORS REQUIPMENT AND MAY
REJECT DEFECTIVE MATERIALS CONSIDERED UNSUITABLE FOR THE
INTENDED PURPOSE OR WHICH DO NOT COMPLY WITH THE INTENT OF
THE CONTRACT SPECIFICATION. M/S.SHANTA TECHNO PVT.LTD.UPON
ANY SUCH REJECTION BY THE NBVL OR NBVL REPRESENTATIVES,
SHALL REPLACE THE DEFECTIVE OR UNSUITABLE MATERIALS. THE
M/S.SHANTA TECHNO PVT.LTD.SHALL PROVIDE EVERY REASONABLE
INSPECTION FACILITY TO THE NBVL REPRESENTATIVES AT HIS OWN
AND HIS SUB-CONTRACTOR'S WORKS. THE OWNER REPRESENTATIVES
MAY, AT ANY TIME, INSPECT THE MATERIALS AND EQUIPMENT.

9) TESTS AND TRIALS:

THE FOLLOWING TESTS ARE TO BE CONDUCTED BY M/S.SHANTA TECHNO
PVT.LTD.:
(i) 100% RADIOGRAPHY OF BUTT JOINTS
(ii)100% HYDRO TEST
(iii) 100% AIR BALL TEST TO BE CONDUCTED AFTER HYDRO TEST

M/S.SHANTA TECHNO PVT.LTD.SHALL FURNISH LIST OF ALL TESTS

TO BE CARRIED OUT ALONG WITH THE ABOVE TESTS FOR REVIEW BY
NBVL.

M/S.SHANTA TECHNO PVT.LTD.SHALL PROVIDE THE SERVICES OF

THEIR SPECIALISTS FOR CARRYING OUT ALL SPECIFIED TESTS AT
THE TIME OF INSPECTION.

10) RIGHT OF CANCELLATION:

IF M/S.SHANTA TECHNO PVT.LTD.FAILS TO DELIVER THE MATERIAL
OF ANY INSTALLMENT THEREOF WITHIN THE PERIODS FIXED FOR SUCH
DELIVERY OR AT ANY TIME REPUDIATES THE CONTRACT BEFORE THE
EXPIRY OF SUCH PERIOD OR OTHERWISE FAILS TO PERFORM THE
CONTRACT OR COMMITS ANY BREACH OF CONTRACT AND FAILS TO
RECTIFY IN TIME, NBVL SHALL HAVE THE RIGHT TO CANCEL THE
CONTRACT OR A PORTION THEREOF AND IF SO DESIRED PURCHASE OR
AUTHORIZE THE PURCHASE ELSEWHERE OF THE PLANT NOT SO
DELIVERED OR OTHER OF SIMILAR DESCRIPTION WHERE PLANT
EXACTLY COMPLYING WITH THE PARTICULARS ARE NOT IN THE
OPINION OF NBVL WHICH SHALL BE FINAL, READILY PROCURABLE, AT
THE RISK AND COST OF M/S.SHANTA TECHNO PVT.LTD.

11) ARBITRATION:
ANY DISPUTE, DIFFERENCE OR CLAIM ARISING BETWEEN M/S.SHANTA
TECHNO PVT.LTD. AND NBVL SHALL BE SETTLED BY ARBITRATION AS
PER INDIAN ARBITRATION ACT, 1996.

12) JURISDICTION OF COURTS:

NO LEGAL PROCEEDINGS TO ENFORCE ANY CLAIM AND ANY SUIT
ARISING OUT OF THIS CONTRACT SHALL BE INSTITUTED EXCEPT IN A
COURT OF COMPETENT JURISDICTION LOCATED WITHIN THE MUNICIPAL
LIMITS OF HYDERABAD.
13) LAWS GOVERNING THE CONTRACT:
THE CONTRACT SHALL BE CONSTRUED AND THE LEGAL RELATIONS
BETWEEN THE PARTIES DETERMINED IN ACCORDANCE WITH THE LAWS
OF INDIA.

14) LIMITATION OF LIABILITY:

NOTWITHSTANDING ANYTHING CONTAINED ANYWHERE ELSE IN THIS
CONTRACT, THE AGGREGATE LIABILITY OF M/S.SHANTA TECHNO
PVT.LTD.UNDER THIS CONTRACT SHALL NOT IN ANY EVENT EXCEED
100% OF THE CONTRACT PRICE.

15) ENTIRE AGREEMENT:

THIS PURCHASE ORDER, TOGETHER WITH THE SPECIFICATIONS,
DRAWINGS, DATA SHEETS, AND DOCUMENTS REFERRED TO HEREIN, AND
THE OTHER DOCUMENTS REFERRED TO THEREIN, WHICH BY THIS
REFERENCE ARE MADE A PART HEREOF AS IF WRITTEN VERBATIM
HEREIN, CONSTITUTE THE ENTIRE AGREEMENT BETWEEN THE PARTIES,
AND ALL PRIOR NEGOTIATIONS, PROPOSALS, AND WRITINGS
PERTAINING TO THIS PURCHASE ORDER OR THE SUBJECT MATTER
THEREOF, ARE SUPERSEDED HEREBY.

16) SUPPLIER TO INFORM HIMSELF FULLY:

THE SUPPLIER i.e., M/S.SHANTA TECHNO PVT.LTD.SHALL BE DEEMED
TO HAVE CAREFULLY EXAMINED THE SPECIFICATIONS AND TO HAVE
SATISFIED HIMSELF AS TO THE NATURE AND CHARACTER OF THE
MATERIALS ORDERED AND THE LOCAL CONDITIONS AT PROJECT SITE
AND ALL OTHER RELEVANT MATTERS TO ENSURE SAFE AND EFFICIENT
OPERATION OF MATERIALS.

17) CODES AND STANDARDS:

THE ENGINEERING, DESIGN, MANUFACTURE, TESTING AND SUPPLY OF
ALL THE MATERIALS SHALL MEET THE REQUIRED INDIAN /
INTERNATIONAL CODES AND STANDARDS TO BE MUTUALLY AGREED TO.
M/S.SHANTA TECHNO PVT.LTD.SHALL FURNISH DETAILS OF THE CODES
AND STANDARDS WHICH WILL BE ADOPTED BY THEM FOR THEIR SUPPLY
FOR EXAMINATION BY NBVL. WHEREVER NECESSARY, COPIES OF
RELEVANT CODES AND STANDARDS SHALL BE FURNISHED. M/S.SHANTA
TECHNO PVT.LTD.SHALL ADOPT CODES AND STANDARDS AS MUTUALLY
AGREED.

18)MATERIALS AND WORKMANSHIP:

ALL THE MATERIALS SHALL BE NEW AND OF THE BEST OR APPROVED
QUALITY FOR THEIR RESPECTIVE USES AND SHALL BE CAPABLE OF
SATISFACTORY OPERATION IN THE TROPICS UNDER SERVICE
CONDITIONS INDICATED IN THIS ORDER WITHOUT DISTORTION OR
DETERIORATION. THE ENTIRE DESIGN AND CONSTRUCTION SHALL BE
CAPABLE OF WITHSTANDING SEVEREST STRESSES LIKELY TO OCCUR IN
ACTUAL
SERVICE. THE MATERIALS SHALL BE MANUFACTURED AND CONSTRUCTED
IN THE BEST AND MOST SUBSTANTIAL MANNER. WORKMANSHIP SHALL
BE OF THE HIGHEST GRADE AND ENTIRE CONSTRUCTION SHALL BE IN
ACCORDANCE WITH THE BEST MODERN ENGINEERING PRACTICE.

19)REPLACEMENT OF DEFECTIVE EQUIPMENT AND MATERIALS:

IF DURING THE PROGRESS OF MANUFACTURE OR ON RECEIPT OF
MATERIALS OR DURING ERECTION, TESTING AND COMMISSIONING,
NBVL SHALL DECIDE AND NOTIFY M/S.SHANTA TECHNO PVT.LTD.THAT
THE MATERIALS OR PART OF MATERIALS OR MATERIAL HAS BEEN
FOUND TO BE MANUFACTURED IN AN IMPERFECT AND UNSOUND MANNER
AND HAS BEEN INFERIOR IN QUALITY TO THAT SPECIFIED,
M/S.SHANTA TECHNO PVT.LTD., ON RECEIPT OF DETAILS OF SUCH
DEFECT OR DEFICIENCY, SHALL AT THEIR EXPENSE, WITHIN SUCH
TIME AS MAY BE REASONABLY NECESSARY FOR THE PURPOSE, ALTER,
OR REMOVE SUCH MATERIALS OR PART OF MATERIALS AND SUPPLY
FRESH MATERIALS AND MATERIALS UPTO THE STANDARD OF THE
SPECIFICATION.
IN CASE M/S.SHANTA TECHNO PVT.LTD.FAIL TO DO SO, NBVLL AFTER
GIVING SEVEN DAYS NOTICE TO M/S.SHANTA TECHNO
PVT.LTD.PROCEED TO ALTER, RECONSTRUCT OR REMOVE SUCH
DEFECTIVE MATERIALS OR PART THEREOF, AND PROCURE SUCH
MATERIALS FROM ANY OTHER SOURCE AT THE COST OF M/S.SHANTA
TECHNO PVT.LTD. M/S.SHANTA TECHNO PVT.LTD. SHALL ENTITLED TO
COMMUNICATE OBJECTIONS, IF ANY, ON THE TECHNICAL AND PRICE
ASPECTS OF SUCH REPLACEMENTS. NOTHING IN THIS CLAUSE SHALL
BE DEEMED TO DEPRIVE NBVL OF ANY RIGHTS UNDER THE CONTRACT
WHICH THEY MAY OTHERWISE HAVE IN RESPECT OF SUCH DEFECTS OR
DEFICIENCIES. IN THE EVENT OF SUCH REPLACEMENT, THE WARRANTY
FOR THE ITEM SHALL BE THAT OF THE PARTY SUPPLYING THE ITEM
AND NOT THAT OF M/S.SHANTA TECHNO PVT.LTD.

20)REJECTION OF DEFECTIVE MATERIALS:

IF THE MATERIALS OR ANY PART OF THE MATERIALS BE FOUND TO BE
DEFECTIVE OR FAILS TO FULFIL THE REQUIREMENTS OF THE
CONTRACT, DURING THE WARRANTY PERIOD. NBVL SHALL FORTHWITH
GIVE NOTICE TO M/S.SHANTA TECHNO PVT.LTD.SETTING FORTH
PARTICULARS OF DEFECTS OR FAILURE AND M/S.SHANTA TECHNO
PVT.LTD.IF THEY ACCEPT THE DEFECTS, SHALL FORTHWITH MAKE
GOOD THE DEFECTS OR ALTER THE SAME OR REPLACE THE DEFECTIVE
PART TO MAKE IT COMPLY WITH THE REQUIREMENT OF CONTRACT
TOWARDS WARRANTY.IF M/S.SHANTA TECHNO PVT.LTD.FAILS TO DO SO
WITHIN A REASONABLE TIME, NBVL MAY REJECT AND REPLACE AT THE
COST OF M/S.SHANTA TECHNO PVT.LTD. THE WHOLE OR ANY PORTION
OF THE MATERIALS AS THE CASE MAY BE WHICH IS DEFECTIVE OR
FAILS TO FULFIL THE REQUIREMENTS OF CONTRACT.IN CASE OF SUCH
REPLACEMENT BY NBVL, M/S.SHANTA TECHNO PVT.LTD. SHALL BE
LIABLE TO PAY NBVL THE COST INVOLVED IN SUCH REPLACEMENT
DELIVERED, AND/OR ERECTED, AS ENVISAGED IN THE ORIGINAL
CONTRACT.IN EITHER OF THESE CASES, THE REJECTED/ DEFECTIVE
MATERIALS SHALL BE RETURNED TO M/S.SHANTA TECHNO PVT.LTD.IN
REASONABLE TIME AT THE EXPENSE OF M/S.SHANTA TECHNO
PVT.LTD.IN THE EVENT OF ANY REJECTION, NBVL SHALL BE
ENTITLED TO THE USE OF THE MATERIALS OR PART THEREOF AS
MUTUALLY AGREED UPON IN A REASONABLE AND PROPER MANNER FOR A
TIME REASONABLY ADEQUATE TO ENABLE THEM TO OBTAIN
REPLACEMENT OF MATERIALS OR PART THEREOF.

21) FORCE MAJEURE:

AT ANY TIME DURING THE CONTINUANCE OF THE CONTRACT, THE
PERFORMANCE IS WHOLE OR IN PART BY EITHER PARTY OR ANY
OBLIGATIONS UNDER THIS CONTRACT SHALL BE PREVENTED OR
DELAYED BY REASON OF ANY WAR, HOSTILITIES, ACTS OF PUBLIC
ENEMY, CIVIL COMMOTION, SABOTAGE, FIRE, FLOOD, EXPLOSION,
EPIDEMICS, EARTHQUAKES, QUARANTINE RESTRICTIONS, STRIKES,
LOCKOUTS,ACTS OF ANY GOVERNMENT AUTHORITY DOMESTIC OR
FOREIGN, OR ACTS OF GOD HERE IN AFTER REFERRED TO AS THE
EVENTS, THEN, PROVIDED NOTICE OF HAPPENING OF ANY SUCH EVEN
IS GIVEN BY EITHER PARTY TO THE OTHER WITHIN 21 DAYS FROM
THE DATE OF OCCURRENCE THEREOF, NEITHER PARTY SHALL BY
REASON OF SUCH EVENTS, BE ENTITLED TO TERMINATE THIS
CONTRACT, NOR SHALL EITHER PARTY HAVE ANY CLAIM FOR DAMAGES
AGAINST THE OTHER IN RESPECT OF SUCH NON-PERFORMANCE.
DELIVERY IN PERFORMANCE AND DELIVERY UNDER CONTRACT SHALL BE
RESUMED AS SOON AS PRACTICABLE, AFTER SUCH
EVENT HAS COME TO AN END OR CEASED TO EXIST. PROVIDED
FURTHER THAT THE PERFORMANCE IN WHOLE OR PART OF ANY
OBLIGATION UNDER THIS CONTRACT IS PREVENTED OR DELAYED BY
REASON OF ANY SUCH EVENT FOR A PERIOD EXCEEDING OR LIKELY TO
EXCEED NINETY DAYS, EITHER PARTY MAY AT ITS OPTION TERMINATE
THE CONTRACT. PROVIDED ALSO THAT IF THE CONTRACT IS
TERMINATED UNDER THIS CLAUSE, THEN NBVLL IS AT LIBERTY TO
TAKE OVER FROM M/S.SHANTA TECHNO PVT.LTD.AT CONTRACT PRICES
WHEREVER CONTRACT PRICES ARE INDICATED AND IN CASE WHERE
SUCH PRICES ARE NOT AVAILABLE, AT MUTUALLY AGREED PRICES,
UNDELIVERED AND ACCEPTABLE MATERIAL, BOUGHT-OUT COMPONENTS
AND STORES IN THE COURSE OF MANUFACTURE, IN POSSESSION OF
M/S.SHANTA TECHNO PVT.LTD.AT THE TIME OF SUCH TERMINATION OR
SUCH PORTION THEREOF AS NBVL MAY DEEM FIT, EXCEPTING SUCH
MATERIALS, BOUGHT-OUT COMPONENTS AND STORES AS M/S.SHANTA
TECHNO PVT.LTD.MAY, WITH THE CONCURRENCE OF NBVL, ELECTS TO
RETAIN.

22)PATENT RIGHTS AND INDEMNITY:

M/S.SHANTA TECHNO PVT.LTD.SHALL INDEMNIFY NBVLL AGAINST ALL
CLAIMS, ACTIONS, DEMANDS, SUITS AND PROCEEDINGS FOR THE
INFRINGEMENT OF OR ALLEGED INFRINGEMENT OF ANY PATENT,
DESIGN OR COPY RIGHT PROTECTION EITHER IN THE COUNTRY OF
ORIGIN OR IN INDIA BY THE USE OF ANY MATERIALS SUPPLIED BY
M/S.SHANTA TECHNO PVT.LTD., BUT SUCH INDEMNITY SHALL NOT
COVER ANY USE OF THE MATERIALS OTHER THAN FOR THE PURPOSE
INDICATED BY OR REASONABLY TO BE INFERRED FROM THE
SPECIFICATION.

M/S.SHANTA TECHNO PVT.LTD.SHALL AT ITS COST DEFEND ANY

CLAIMS WHICH ALLEGE IN A SUIT OR PROCEEDING AGAINST NBVLL
THAT THE MATERIALS OR ANY PART THEREOF CONSTITUTES AN
INFRINGEMENT OF ANY PATENT OF THE COUNTRY OF ORIGIN OR
INDIA, IF NOTIFIED PROMPTLY IN WRITING AND GIVEN AUTHORITY,
INFORMATION AND ASSISTANCE FOR THE DEFENCE AND M/S.SHANTA
TECHNO PVT.LTD.SHALL PAY ALL DAMAGES AND COSTS AWARDED
AGAINST NBVLL IN SUCH SUIT OR PROCEEDINGS FOR PATENT
INFRINGEMENT. IN CASE THE MATERIALS IN SUCH SUIT
PROCEEDINGS, IS HELD TO CONSTITUTE INFRINGEMENT AND THE USE
OF MATERIALS OR PART IS PROHIBITED, M/S.SHANTA TECHNO
PVT.LTD.SHALL AT ITS OWN EXPENSE, HAVE THE OPTION EITHER TO
PROCURE FOR NBVLL THE RIGHT TO CONTINUE USING THE MATERIALS
OR TO REPLACE THE SAME WITH A NON-INFRINGING MATERIALS OR TO
MODIFY SO THAT IT BECOMES NON-INFRINGING MATERIALS OR TO
REMOVE THE MATERIALS AND REFUND THE PURCHASE PRICE PLUS THE
TRANSPORTATION AND INSTALLATION COSTS THEREOF. NBVLL MAY
NOT NEGOTIATE WITH THE CLAINTS DIRECTLY AND IF BECOMES
NECESSARY TO NEGOTIATE, IT SHALL BE WITH THE CONCURRANCE OF
M/S.SHANTA TECHNO PVT.LTD.
23) TRANSFER AND SUB-LETTING OF THE CONTRACT:
M/S.SHANTA TECHNO PVT.LTD.SHALL NOT SUBLET, TRANSFER OR
ASSIGN THIS CONTRACT OR ANY PART THEREOF OR INTEREST THEREIN
ON BENEFIT OR ADVANTAGE THEREOF SAVE WITH THE PREVIOUS
CONSENT IN WRITING OF NBVL. IN THE EVENT OF M/S.SHANTA
TECHNO PVT.LTD.SUBLETTING, TRANSFERRING OR ASSIGNING THIS
CONTRACT OR ANY PART THEREOF OR INTEREST THEREIN OR BENEFIT
THEREOF WITHOUT SUCH PERMISSION, NBVL SHALL BE ENTITLED TO
CANCEL THE CONTRACT AND TO PURCHASE THE EQUIPMENT ELSEWHERE
ON M/S.SHANTA TECHNO PVT.LTD. ACCOUNT AND RISK AND
M/S.SHANTA TECHNO PVT.LTD.SHALL BE LIABLE FOR ANY LOSS OR
DAMAGE WHICH NBVL MAY SUSTAIN IN CONSEQUENCE OF OR ARISING
OUT OF SUCH RISK PURCHASE.

M/S.SHANTA TECHNO PVT.LTD. SHALL BE ENTIRELY RESPONSIBLE FOR

THE WORK EXECUTED BY THE SUB-CONTRACTOR IF ANY, IN ALL
RESPECTS. FOR THIS PURPOSE M/S.SHANTA TECHNO PVT.LTD.SHALL
AT THEIR OWN COST ENSURE ADEQUATE INSPECTION OF SUB
CONTRACTORS WORKS BY M/S.SHANTA TECHNO PVT.LTD.'S OWN
INSPECTION DEPARTMENT. ANY FAILURE OR DELAY ON THE PART OF
THE SUB-CONTRACTOR SHALL NOT BE ADMITTED AS A REASONABLE
GROUND FOR EXTENSION OF TIME OR EXEMPTING M/S.SHANTA TECHNO
PVT.LTD.FROM THEIR LIABILITY UNDER THE CONTRACT.

24) DEDUCTION FROM CONTRACT PRICE:

THE COSTS, DAMAGES, OR EXPENSES WHICH NBVL MAY HAVE PAID AND
FOR WHICH AS PER THE CONTRACT M/S.SHANTA TECHNO PVT.LTD.
HAVE ACCEPTED LIABILITY IN WRITING, MAY BE DEDUCTED BY NBVL
FROM ANY MONEY DUE OR WHICH MAY BECOME DUE UNDER THIS
CONTRACT.

25)COMPLIANCE WITH LAWS AND REGULATIONS:

M/S.SHANTA TECHNO PVT.LTD.SHALL COMPLY WITH ALL LAWS,
STATUTES, BYE-LAWS, ORDINANCES AND REGULATIONS OF GOVERNMENT
AUTHORITIES WHICH ARE APPLICABLE TO THIS CONTRACT AND SHALL
GUARANTEE COMPLIANCE WITH SUCH LAWS AND REGULATIONS.
M/S.SHANTA TECHNO PVT.LTD.SHALL INDEMNIFY NBVL AGAINST ANY
COSTS OR DAMAGES OR LIABILITIES ARISING OUT OF NON-
COMPLIANCE WITH THE LAWS AND REGULATIONS IN SO FAR AS
DESIGN, MANUFACTURE AND SUPPLY OF MATERIALS ARE CONCERNED.
M/S.SHANTA TECHNO PVT.LTD.SHALL NOT BE LIABLE FOR ANY
CONSEQUENTIAL DAMAGES SUSTAINED BY NBVL.
26) CORRESPONDENCE:
ALL CORRESPONDENCE OF TECHNICAL NATURE SHALL BE ADDRESSED TO
GM-PP(O), AND COMMERCIAL NATURE TO HEAD- MATERIALS.
M/S.SHANTA TECHNO PVT.LTD. MAY INDICATE THE OFFICER ON THEIR
SIDE WHO WILL BE CO-ORDINATING IN REGARD TO TECHNICAL
CORRESPONDENCE.
ALL CORRESPONDENCE REGARDING PAYMENT MAY BE ADDRESSED TO
D.G.M (FINANCE & ACCOUNTS). CORRESPONDENCE RELATING TO
DESPATCH DOCUMENTS, INVOICES ETC. SHALL BE ADDRESSED TO
HEAD-MATERIALS.

27) ACKNOWLEDGEMENT:
ACCEPTANCE OF THE ORDER WITHIN 10 DAYS OTHERWISE THE ORDER
SHALL BE TREATED AS ACCEPTANCE BY YOU.

PENALITIES FOR DEFAULT : Liquidated damages at the rate of 1% of contract

value shall be levied on M/s Rajdeep Engineering systems pune pvt. ltd.subject
to a miximum of 2.5% of contract value.