Common use of Managementofconsignmentstock Clause in Contracts

Managementofconsignmentstock. The exact content of this Consignment Stock as well as the packing conditions of the consigned equipment and/or parts shall be defined at the latest one (1) month prior to the first delivery, as provided under the Contract. The content shall be updated with regard to reference number and quantity by the Supplier to enable the after-sales service of the Purchaser and/or Supplier to start repairs within less than four (4) working hours from the notification from the Purchaser, throughout the warranty period as defined at this Article 16. The Supplier shall define the content of a Consignment Stock in the frame of the Contract, based on its reliability analysis andnumber ofmaintenance sites and communicate it to the Purchaser. Theparts and/or equipmentcontainedin the Consignment Stock shall be identical with the parts and/or series of the delivered Goods in the frame of the Project. The Supplier shall update the content of the Consignment Stock in case of evolution of the series Goods. The parts of the Consignment Stock shall be delivered at the latest upon the delivery of the Goods as provided under the Contract. The parts of the Consignment Stock shall be delivered with a packaging enabling handling, storage and guaranteeing the integrity and use of parts and/or Goods during the warranty period defined in this Article 16. The Consignment Stock shall beunder the responsibility to keep andmanage entrance and exit of the Purchaser or the Supplier if the Supplier is on the site. The Consignment Stock shall either be stored in the premises of the Supplier or of the Purchaser or made available to the Customer at the option of the Purchaser. Upon expiry of the warranty period defined in this Article 16, the Purchaser shall negotiate with the Customer that the latter acquire the remainder of the Consignment Stock. Should the Customer refuse to do so, the remainder shall be returned to the Supplier at its own costs. 17 – TRAIN LIFE SERVICES