Examples of Principal Supplier in a sentence
Principal/ Supplier may be allowed to draw 80% payment through Letter of Credit on dispatch of stores and 20% on issuance of Certificate Receipt Voucher (CRV) by consignee.
A condition to this effect will be incorporated in the Letter of Credit.3 (d) In respect of Equipment Import, 90% of the PO Value will be paid in advance against equivalent Bank Guarantee from a nationalized bank or schedule commercial bank operating in India furnished by the Foreign Principal Supplier or his Indian Agent.
The payment will be made by irrevocable Letter of Credit (LC) (OR) Currency wire transfer in favor of the Principal Supplier (only after supply ) Advance Currency Wire transfer is not applicable If the quoted price in INR, the payment will be made after supply and installation.
Necessary documents will be provided after receipt of original invoice/Cargo Arrival/Shipment notice from the Principal Supplier PAYMENT :If the quoted price in currency .
The Principal Supplier is to certify with the offer that, the supplied items will be provided from the original manufacturer which must be brand new and genuine.