The bidder as successful bidder has failed to establish acceptable performance bond (s) within fourteen (14) calendar days after the effective date of the contract.
The performance bond shall be furnished by the seller by a bank guarantee in the form attached toe bid document.
A figure determined by the closing range that is used to calculate gains and losses in futures market accounts, performance bond calls and invoice prices for deliveries.
MOTC shall abolish its approval in the case where an applicant for an international cable circuit leasing business fails to render the performance bond in accordance with the relevant regulations.
In case the foreign exchange quota is settled ahead of time into foreign exchange in cash to pay the performance bond in advance, the settlement is limited to using us dollar.
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