Examples of TT in a sentence
The rates of exchange to be used by the bidder for currency conversion shall be the TT & OD Selling Rates published or authorized by the State Bank of Pakistan prevailing on the date 28 days prior to the deadline for submission of bids.
Payment shall primarily be through KPLC’s cheque or Real Time Gross Settlement (RTGS) for local based suppliers or Telegraphic Transfer (TT) for foreign based suppliers.
If the product passes in the lab test, the TT shall be decanted at the consignee’s premises.
Agency commission if payable shall be converted to Indian Rupees at TT buying rates of exchange ruling on tender opening date which shall not be subjected to any further exchange rate variation, as disclosed by the bidder in his quoted FOB / CIF price will be paid in Indian Rupees on receipt & acceptance of Materials or it’s installation at destination, as the case may be.
The lower of the TT buying rate prevailing on the date of technical bid opening shall be considered for computation of Agency commission.