On Shipment. Eighty (80) percent of the Contract Price of the Goods shipped shall be paid through irrevocable confirmed letter of credit opened in favour of the Supplier in a bank in its country, upon submission of documents specified in GCC Clause 12.
On Shipment. Fifty (50) percent of the Contract Price of the Goods shipped shall be paid through irrevocable confirmed letter of credit opened in favor of the Supplier in a bank in its country, upon submission of documents specified in GCC Clause 12: N/A (iii) On Acceptance: Fifty (50) percent of the Contract Price of Goods received shall be paid within thirty (30) days of receipt of the Goods upon submission of claim supported by the acceptance certificate issued by the Procuring Entity B. Payment of local currency portion of a foreign Supplier shall be made in Kenya shillings within thirty (30) days of presentation of claim supported by a certificate from the Procuring Entity declaring that the Goods have been delivered and that all other contracted Services have been performed. C. Payment for Goods and Services supplied from within Kenya: Payment for Goods and Services supplied from within Kenya shall be made in Kenya Shillings, as follows: (i) Advance Payment: Not Applicable
On Shipment. 50 percent of the Contract Price of the Goods shipped shall be paid through irrevocable confirmed letter of credit opened in favor of the Supplier in a bank in its country.
On Shipment. Sixty (60) percent of the Contract Price of the Goods shipped shall be paid within thirty (30) days, upon submission of an invoice and upon submission of documents specified in GCC Clause 12 (except II 3, 4, 5, 6).
On Shipment. Seventy percent (70%) of the net CIP price (CIP price less Indian Agency commission) of the goods shipped shall be paid through irrevocable, non-transferable Letter of Credit (LC) opened in favour of the supplier in a bank in his country and upon submission of documents specified hereunder:
(i) Four copies of supplier’s invoice showing contract number, goods description, quantity, unit price and total amount;
(ii) Original and four copies of the negotiable clean, on-board Bill of Lading/ Airway bill, marked freight pre-paid and four copies of non-negotiable Bill of Lading/Airway bill;
(iii) Four Copies of packing list identifying contents of each package;
(iv) Insurance Certificate and documents also to be submitted for payment of LC confirming that dispatch documents has already been sent to all concerned as per the contract within 24 hours;
(v) Manufacturer’s/Supplier’s warranty certificate;
(vi) Manufacturer’s own factory inspection report and
(vii) Certificate of origin by the chamber of commerce of the concerned country;
(viii) Inspection Certificate for the dispatched equipment issued by recognized/ reputed agency like SGS, Xxxxx, XXXXXX VARITUS and TUV or Equivalent prior to dispatch.
(ix) Consignee Receipt Certificate in original issued by the authorized representative of user Department/Concerned Stores Department of the consignee.
On Shipment. The Supplier shall be paid Seventy (70) percent of the Contract Price of the Goods shipped upon presentation of all shipping documents including the bill of lading, insurances and any other required document according to the INCOTERMS used.
