Just for principal understanding, and avoidance of misunderstanding at time of finalization of tender, we wanted to reassure with you what we discussed verbally already – that RPS will only be able to take on limited responsibilities and will need to have payment securities for the bulk of supply;
- LoC payment of the balance of the material supply (beyond the amount which has been received as down payment already) against shipping papers at time of shipping out
- Installation subcontractor for OCS will receive their subcontract from TECO (not from RPS)
Of course we still need to discus and agree on terms and conditions of our possible collaboration in detail, but the above mentioned two points will be quite essential for getting our internal approval for a bid.
You may please let me know TECOs opinion/confirmation to the above mentioned two principal points within the next days.