Provisions on the quality guarantee period of mining equipment
Providing a guarantee | Business.gov.nl
If the guarantee period has expired, they are still entitled to a sound product. For digital services or files the guarantee period a consumer is entitled to, is the same as the duration of the service you agreed with the supplier. You can decide yourself what the guarantee period for an additional supplier's or manufacturer's guarantee ...
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Strategic Professional – Essentials SBR
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CMS Expert Guide to warranty law in supply contracts
The CISG does not stipulate a limitation period for claims for defects. The limitation period is subject to the applicable national law. The purchaser may, however, only require subsequent performance in conjunction with the notice of defect or within a …
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Mining Laws and Regulations Philippines 2023
Yes, there are the maximum allowable areas for offshore mining under the Mining Act DENR Memorandum Circular No. 2020-008 on the Revised Guidelines on Offshore Mining, which details the rules and regulations covering offshore exploration and mining within the Philippine territorial sea, and its Exclusive Economic Zone (EEZ) and extended ...
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Subpart 246.7
(1) Use a clause substantially the same as the basic or one of the alternates of the clause at 252.246-7001, Warranty of Data, in solicitations and contracts that include the clause at 252.227-7013, Rights in Technical Data and Computer Software, when there is a need for greater protection or period of liability than provided by the inspection and …
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30 CFR Part 780 -- Surface Mining Permit …
This part provides the minimum requirements for the Secretary's approval of regulatory program provisions for the mining operations and reclamation plan portions of applications for permits for surface mining activities, except to the extent that different requirements for those plans are established under 30 CFR part 785.
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Warranty law in supply contracts in Germany | CMS Expert …
In the event of fraudulent misrepresentation, the limitation period may be extended to up to 30 years from the breach of obligation. Usually the limitation period in this case is three years starting from the end of the year in which the claim arises. Reducing the limitation period is generally not permitted vis-à-vis consumers.
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Solved PTL Ltd is a mining company. During the reporting
PTL Ltd is a mining company. During the reporting period ending 30 June 2022, PTL Ltd started mining operations in Western Australia. The cost of the mining equipment and associated technology amounted to $100 million. The mine commenced production on 1 July 2022. ... Calculate the amount of provision as of 30 June 2022 …
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How to account for warranties under IFRS 15?
Normally, this 1 year warranty on top of the regular warranty period required by the law would be assessed as the service-type warranty. However – not here, because it is not considered as additional service …
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CMS Expert Guide to warranty law in supply …
A material defect exists when the goods do not comply with the agreed quantity, quality or specification at transfer of risk. If the parties have not agreed that the goods should meet a specific quality or specification, …
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Subpart 46.7
(a) The principal purposes of a warranty in a Government contract are- (1) To delineate the rights and obligations of the contractor and the Government for defective items and services; and (2) To foster quality performance. (b) Generally, a warranty should provide- (1) A contractual right for the correction of defects notwithstanding any other …
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Warranty Clauses in Construction Contracts: Avoiding Claims
12.2 All of Contractor's warranties and guarantees set forth in this Article 12 shall begin as of the Effective Date hereof and shall extend for a period of eighteen (18) months after Final Acceptance (the "Warranty Period"); provided, however, that in the event of a termination for convenience pursuant to Article 16 hereof, or a ...
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Warranty/Guaranty Provisions In Construction Contracts
It is also important to note that if the warranty breach is discovered during the "guaranty" period, the breaching party should be given the opportunity to remedy the defective work; otherwise, that party may have a defense to a damage claim under the warranty provision (at least to the amount of damages sought), arguing that it could …
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Quality Guarantee Period--| Reverso …
Party B shall carry out construction, installation and equipment debugging according to all stipulations under this Contract diligently and efficiently with high quality, coordinate with Party A to carry out the debugging of subsystems, unit package starting debugging, performance test and equipment eliminating for 30 days' dependable operation of the …
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43 CFR Part 3800 -- Mining Claims Under the General Mining …
Under the 1872 Mining Law (30 U.S.C. 22 et seq.), a person has a statutory right consistent with other laws and Departmental regulations, to go upon the open (unappropriated and unreserved) public lands for the purpose of mineral prospecting, exploration, …
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FINANCIAL PROVISIONING FOR REHABILITATION …
mining before they even begin mining operations. That provision is to cover a liability that the mine has in that it will have to meet the costs of rehabilitating the environment. On the asset side of the balance sheet, the mine holds its mining rights and other equipment. As mining takes place the value
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THE SELECTION AND PROVISION OF PERSONAL …
THE SELECTION AND PROVISION OF PERSONAL PROTECTIVE EQUIPMENT FOR WOMEN IN THE SOUTH AFRICAN MINING INDUSTRY [ 2023] 6 4.16. WIM means women in mining which are all employees working at mines. 4.17. WIMAC means Women in Mining Advisory Committee established within the MHSC. 5. SCOPE 5.1.
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Policy Statement 388
Provision of greater latitude to owners to utilize design standards which exceed the minimum. Implementation of quality assurance/quality control procedures. Inclusion of warranty or guarantee clauses in an engineering contract may severely damage a design professional, provide a false sense of security, and is not in the public's best interest.
ادامه مطلبFinancial Provisions for Rehabilitation and Closure in …
Securing financial provisions using financial instruments The financial rehabilitation provision required in terms of section 41 of the Mineral and Petroleum Resources Development Act3 can be provided in one of four methods: cash deposit, guarantee, insurance or approved trust fund. Each of these methods has certain
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Subpart 46.7
The time period or duration of the warranty must be clearly specified and shall be established after consideration of such factors as (i) the estimated useful life of the item, (ii) the nature of the item including storage or shelf-life, and (iii) trade practice.
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SURFACE MINING CONTROL AND RECLAMATION ACT …
1 The Surface Mining Control and Reclamation Act of 1977 (91 Stat. 445) consists of the Act ... Miscellaneous provisions. Sec. 307. Center for cataloging. Sec. 308. Interagency cooperation. Sec. 309. Advisory committee. ... danagerous to life and property by degrading the quality of life in local communities, and by counteracting governmental pro-
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IFRS AT A GLANCE IAS 37 Provisions, Contingent …
IAS 37 Provisions, Contingent Liabilities and Contingent Assets Effective Date Periods beginning on or after 1 July 1999 Page 1 of 2 Also refer: IFRIC 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities, IFRIC 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds, IFRIC 21 …
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FINANCIAL PROVISION REGULATIONS
FINANCIAL PROVISION REGULATIONS. Title: Regulations Pertaining to the Financial Provision for Prospecting, Exploration, Mining or Production Operations Government Notice: GN R1147 in GG 39425 of 20 November 2015 Date of commencement: 20 November 2015 Potentially affected controls: Annual financial …
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Warranty Sample Clauses: 44k Samples
Warranty. Contractor expressly warrants that the goods covered by this Contract are 1) free of liens or encumbrances, 2) merchantable and good for the ordinary purposes for which they are used, and 3) fit for the particular purpose for which they are intended. Acceptance of this order shall constitute an agreement upon Contractor's part to indemnify, defend …
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Bell ZA Mining & Construction Equipment| Extended Warranty
A: You will be able to purchase or top-up your extended warranty while your machine is within its warranty period and has a service history with or one of our dealers. The sales representative or customer support representative will need to submit the following details for authorisation:
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52.246-20 Warranty of Services.
As prescribed in 46.710(d), insert a clause substantially as follows:. Warranty of Services (May 2001) (a) Definition. "Acceptance," as used in this clause, means the act of an authorized representative of the Government by which the Government assumes for itself, or as an agent of another, ownership of existing and identified …
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TENDER FOR PROVISION OF SECURITY SERVICES AND …
TENDER FOR PROVISION OF SECURITY SERVICES AND EQUIPMENT THROUGH FRAMEWORK CONTRACT FOR A PERIOD OF TWO (2) YEARS GDC/SS/OT/051/2023-2024 CLOSING DATE AND TIME: 25TH JUNE 2024 AT 11:00AM. Geothermal Development Company Ltd (GDC) P.O. Box 100746-00101 NAIROBI Tel: +254 719 …
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MINE CLOSURE AND REHABILITATION IN SOUTH …
a phenomenon whereby mining assets are transferred to successively more marginal operators as mineral reserves are depleted. This results in an ever-decreasing likelihood of proper mine closure and rehabilitation. Another practice that defers closure and enables avoidance is the tendency towards "perpetual mining". In this instance, mines are
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Contractor Warranty vs. The Correction of the Work Provision…
During the one-year period for correction of Work, if the Owner fails to notify the Contractor and give the Contractor an opportunity to make the correction, the Owner waives the rights to require correction by the Contractor and to make a claim for breach of warranty." This one-year correction period is becoming notorious in the construction ...
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R.A. No. 7942
All valid and existing mining lease contracts, permits/licenses, leases pending renewal, mineral production-sharing agreements granted under Executive Order No. 279, at the date of effectivity of this Act, shall remain valid, shall not be impaired, and shall be recognized by the Government: Provided, That the provisions of Chapter XIV on ...
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