FMS definition
Examples of FMS in a sentence
Sureties shall be listed on the US Department of the Treasury’s Listing of Approved Sureties maintained by the Bureau of Fiscal Service (FMS), ▇▇▇.▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/, stating companies holding Certificates of Authority as acceptable sureties on Federal Bonds and acceptable reinsuring companies (Department Circular 570).
The Contractor shall take expeditious action to arrange the application for the foreign Licences required to import or export any Materiel not supplied by or on behalf of the Authority or perform any services for which a Licence is required by a foreign government; this includes, but is not limited to, compliance with the ITAR, EAR, FMS and any applicable UK-US agreements.
Title to Equipment shall remain vested in FMS and shall not pass to the Client until the purchase price for Equipment has been paid in full and received by FMS.
The Client indemnifies FMS, its officers, directors and employees from and against all claims, demands, losses, costs and expenses, damages, actions, suits or proceedings of any nature whatsoever for which FMS becomes liable in respect of loss or damage to property or death or injury of any nature or kind and however or wherever sustained resulting from any use of the Equipment or spare parts supplied by FMS to the Client by the Client or any other person.
The FMS Contract shall commence on 01st April 2019 and shall remain in force for three years; unless terminated in accordance with the terms set forth herein.