TSXV:EPO.H - Post by User
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go.faster@ymail.comon Apr 26, 2016 9:28am
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Post# 24809630
Contract vs MOU from MMTC
Contract vs MOU from MMTCFrom MMTC website 'Fertilizers Section...
They use the terms contract and MOU interchangeably...
Procurement Plan
MMTC wishes to procure Rock Phosphate from reputed suppliers for supply to various customers in India. MMTC wishes to appoint such a supplier who will act as an assured source of supply for MMTC.
Terms and conditions of supply shall be discussed and mutually agreed through a Memorandum of Understanding or a Contract between MMTC and the supplier.
It is expressly understood and agreed by the prospective suppliers that MMTC shall be entering into an MOU or Contract with the supplier for supply to various customers spread across India. Terms of supply shall be as required by these customers and shall be finalized on shipment basis.