Common use of OF CONTRACT Clause in Contracts

OF CONTRACT. Notwithstanding the above, all the materials have to be removed by the Contractor on or before the expiry of Contract and the Contractor agrees that final payment would be released upon receipt of “No Objection Certificate” (NOC) to this effect from the Operator’s Logistics Department at supply base. Contractor shall apply for “No Objection Certificate” to In-charge, Logistics Department, ONGC, at Supply Base and the In-charge, Logistics Department shall issue NOC within 30 working days of clearance of all materials belonging to Contractor. Further any Penalty and fine being imposed by Customs department or any other statutory body on the material being stored at supply base whatsoever shall be to Contractor’s account. The copies of duly Customs cleared document pertaining to material being brought from Offshore or being taken to Offshore from transit storage would be submitted to the Operator’s Logistics Department at supply base.