Trade Control Rules definition
Examples of Trade Control Rules in a sentence
As importer of the Customer Equipment, Customer and its IOR (if different from Customer) will be solely responsible for fulfilling all administrative and import customs formalities required by the Trade Control Rules in the importing countries, including (without limitation) paying all applicable import duties and taxes, completing, and filing necessary undertakings forms with the appropriate authorities, and obtaining and maintaining all necessary import Permits.
For further details, please refer to Article 2 of the Insider Trade Control Rules.
Orange hereby informs Customer, and Customer acknowledges and agrees, that Orange Deliverables and Services (and all activities related to both) as supplied by Orange to Customer under the Agreement are or may be subject to Trade Control Rules.
Customer will cooperate with Orange and communicate all relevant information and documentation as required by Trade Control Rules including in particular all information related to the end use, countries of destination, and End Users of the Orange Deliverables and Services.
Orange will be responsible for shipping and exporting the Customer Equipment to the Delivery Locations according to Incoterms agreed between the Parties, as described in Clause 1.3.2.3 (Incoterms).Customer will appoint the entity acting as IOR (either Customer, its local Affiliate, or the third-party consignee named by Customer in the importing country), and such entity will be responsible for performing the importation of the Customer Equipment in accordance with local Trade Control Rules.
As importer of Customer Equipment, such IOR will be liable for all administrative and import customs formalities as required by the Trade Control Rules in the importing countries, including (a) paying all applicable import duties and taxes, and (b) obtaining any Permits required for import.
In level of fineness, two-digit KIC industries are between 1-digit and 2-digit industries based on U.S. Standard Industrial Classification (SIC).
If otherwise necessary in order to comply with any Trade Control Rules (in particular, but not limited to, in case of modification of existing, or implementation of new economic, financial, trade sanctions programs or embargos), either Party will be entitled, without liability to the other Party, to immediately suspend or terminate any of its obligations, the affected Orange Deliverables or Services, or the Agreement.
If the Trade Control Rules, or other applicable laws or regulations, do not allow Orange to provision the CPE for the Service, then Customer will be solely responsible for procuring the necessary CPE-equivalent equipment (including hardware and software).
Orange may suspend or terminate any supply of Orange Deliverables or Services without notice if, in Orange's reasonable judgment, Customer's or an End User's use of the Orange Deliverables or Service violates any applicable Trade Control Rules or any terms and conditions of this Clause 1.3 (Trade Controls).