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Agreement

- Finalization of hire agreement shall be based on equipment availability at the time of requirement.

- Supply of Equipment is inclusive of operator and fuel charges and is subjected to cost variations. The quoted hire charges are based on prevailing fuel charges. Any change in fuel charges shall be compensated.

- Maintenance upon breakdown.

- Replacement upon breakdown shall be arranged based on availability (if more than 4 hours).

- Ramsis Engineering reserves the right to amend the hire rate upon increase on any governmental incidental charge.




Delivery

- Equipment are to be supplied within Bahrain only.

- Delivery of the equipment is from & to Ramsis Engineering yard.




Duration

- Equipment mobilization is to be done with one week upon receipt of official purchase order. Cranes shall be mobilized with 2weeks prior notice period to deployment.

- Hire period commences upon delivery of equipment from Ramsis yard and terminates upon equipment reaching Ramsis yard.

- 2 weeks advance notice to be provided for contract termination (applicable only after 6 months contract).

- Any extra hours will be charged on pro-rata basis. Working less than 12 hours per day will be considered as full working day. No reduction is agreed in minimum time charges due to weather or site conditions.

- Quoted price is calculated based on the hire duration. Prices’ rate is calculated based on the number of days.




Maintenance and Equipment Breakdown

- Hire period will not be applicable for breakdown period.

- Rental charges will be applicable regardless if the equipment is working or idle.

- Any loss incurred to client due to equipment breakdown shall not be accepted.

- Extra charges will be added on the total price upon requesting any badges.




Client to Arrange

- Entry pass to Equipment, operator, maintenance personnel

- Work permit for maintenance activity at site(if required)

Special Testing, if any




Insurance

- During the rental period, the client shall as its own expense, provide and maintain All Risk Insurance for the Cargo & Full Scope of Works. The insurance policy must waive the right of recovery from Ramsis engineering fully and uncditionally.

- Ramsis Engineering will not hold any responsibility for the damages to cargo during the lifting operations.




Payment Terms

- Payment shall be made within 30 days from date of submission of invoice. (Default for all categories)

Agreement

- Finalization of hire agreement shall be based on availability at the time of requirement.

- Land Hire contract termination to be followed only by 1 month advance notice (applicable only after 2 fixed year’s contract).

- Tarpaulin Covering is not calculated within hire charge.

- The Price will be calculated for SQM per month depending on the area and availability




Payment Terms

- Payment shall be made within 30 days from date of submission of invoice. 2. Hire charges will be increase 10% yearly after 2 fixed years.




Duration

- For yearly contracts, Usage of the land for the first 2 Years is fixed and can’t be terminated under any circumstances.

Agreement

- Finalization of hire agreement shall be based on availability at the time of requirement.




Maintenance and Equipment Breakdown

- Any damages caused to the items shall be charged back to the client.




Duration

- 30 days advance notice required for making necessary arrangements.

- 1 months advance notice to be provided for contract termination (applicable only after 2 Fixed year contract).




Payment Terms

- PDC cheque required for each 3 months.

Agreement

- Finalization of hire agreement shall be based on availability at the time of requirement.

- 30 days advance notice required for making necessary arrangements.




Duration

- Minimum of 1 month for each office rental.




Validity

- 30 Days from the dates of submission of quote.




Damage & Extra Charges

- Any damages caused to the items shall be charged back to the client.