EFACEC definition
Examples of EFACEC in a sentence
The Supplier and EFACEC shall agree on a valid provision that is as similar as possible to the invalid provision.
In the same notification, EFACEC shall set a reasonable deadline for the Supplier to make the necessary changes and repairs that will allow the issue of the Provisional Acceptance.
In such cases, EFACEC shall be liable for payment of the proven direct costs suffered by the Supplier as a result of such cancellation.
In such cases, the Supplier shall ensure that they are stored and protected at its premises (or at any other facilities indicated by EFACEC), bearing the storage costs for a period of six (6) months from the originally scheduled delivery date, as well as the risk of loss or damage of the Products.
The transfer of risk and property of the Products supplied under a Purchase Order occurs at the date of the correspondent Provisional Acceptance by EFACEC.
As it is, the Supplier shall bear all costs of replacing lost or damaged materials, products and equipments and shall be liable towards EFACEC for all damages caused to EFACEC due to such loss/damage.
The verification of the execution of those corrective actions shall be reported in writing to EFACEC.