Common use of Coil Clause in Contracts

Coil. The rates are after passing on MODVAT BENEFIT to Uttarakhand Jal Sansthan. The revised price (increase/decrease) will be applicable, with respect to date of dispatch on all pipes, within valid delivery period from the date of revision in cost of Steel H.R Coils. It will be the responsibility of the supplier to furnish the details of such increase/decrease to the department latest within 30 days of release of such notification. S.N. Description of Tolerance in weight As per BIS Required 1 For Single Tube - 3.5% - 2% 2 For Car Load lots (for min of 18 MT) - 1.75% - 1.00% The variation in pipe prices shall be applicable after 30 days from the date of such increase/decrease in Steel H.R. Coil price, announce by S.A.I.L. The Nominal Delivery Period for the supplier is 45 days after the date of issue of Supply Order. If supplier does not supply the material under any circumstances, within delivery period, no price increase will be given to him due to increase in price of raw material beyond the stipulated period of 45 days, but if the price of raw material decreases, decreased rates will be given.

Coil. The rates are after passing on MODVAT BENEFIT to Uttarakhand Jal Sansthan. The revised price (increase/decrease) will be applicable, with respect to date of dispatch on all pipes, within valid delivery period from the date of revision in cost of Steel H.R Coils. It will be the responsibility of the supplier to furnish the details of such increase/decrease to the department latest within 30 days of release of such notification. S.N. Description of Tolerance in weight As per BIS Required 1 For Single Tube - 3.5% - 2% 2 For Car Load lots (for min of 18 MT) - 1.75% - 1.00-1.00% The variation in pipe prices shall be applicable after 30 days from the date of such increase/decrease in Steel H.R. Coil price, announce by S.A.I.L. The Nominal Delivery Period for the supplier is 45 days after the date of issue of Supply Order. If supplier does not supply the material under any circumstances, within delivery period, no price increase will be given to him due to increase in price of raw material beyond the stipulated period of 45 days, but if the price of raw material decreases, decreased rates will be given.