Common use of Currency Exchange Rates Clause in Contracts

Currency Exchange Rates. Where imported equipment is involved, the above price is based on the exchange rate at the time of tendering. Should the actual exchange rate vary from the Base Exchange rate, then the component of imported goods included in the tender price quoted would be adjusted accordingly.

Currency Exchange Rates. 4.6.1 Where imported equipment is involved, the above quoted price is based on the exchange rate at the time of tendering. Should the actual exchange rate vary from the Base Exchange rate, then the component of imported goods included in the tender price quoted would be adjusted accordingly.