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ICC Model Turnkey Contract for the Supply of an Industrial Plant
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ICC Publication No.: 653
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ICC No. 653
Paperback +CD ROM
8 1/2 inches x 11 1/2 inches
2003 Edition
120 pages
Turnkey contracts take a range of forms and at present no single model contract covers them all. The Model Contract for the Turnkey Supply of an Industrial Plant has special characteristics:
1. The supplier's main obligation is to supply the equipment and assist the purchaser during erection and startup.
2. The supplier performs its obligations within facilities that are under the purchaser control.
This ICC Model Contract takes account of all of these specifics and contains enough flexibility for the parties to work out special situations for themselves.
To leave the greatest possible space to alternative solutions, many issues (for example, raw materials, time schedule, erection equipment, etc.) are covered in the useful annexes.
Table of Contents
Foreword
Introduction
1. The turnkey contract considered in this model
2. The drafting technique used
3. The entry into force of the contract
4. Shipment of the equipment
5. The various stages of performance of the contract
6. Contract price and payment conditions
7. Non performance and its consequences
8. Force Majeure
9. Applicable Law
ICC Model Contract for the Turnkey Supply of an Industrial Plant
Chapter 1: General Clauses
Chapter 2: Supply of Technical Documentation, Equipment and Spare Parts
Chapter 3: Erection, Testing, Taking Over and Training
Chapter 4: Price, Payment Conditions, Bank Guarantees
Chapter 5: Non Performance and its Consequences
Chapter 6: Final Clauses
Contract Schedules: Specific Issues to be Determined by the Parties
Contract Schedule A Definition of the site
Contract Schedule B Events to occur before the commencement date
(Article 3.2)
Contract Schedule C Contract termination before effectiveness (Article 3.3)
Contract Schedule D Information needed for preparing the layout of the plant 4
(Article 8.1)
Contract Schedule E Shipment of Equipment - Marking - Packing list and other
documents
Contract Schedule F Price of the Contract (Article 25)
Contract Schedule G Payment conditions (Article 26)
Contract Schedule H Bank guarantees (Article 27)
Contract Schedule I Liquidated damages (Article 29)
Annexes
Appendices
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Product Reviews
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