Supply of Industrial Bearings (Ball, Roller, Tapered, Pillow Block & Others) - Annual Rate Contract(ARC)

Please refer to the attached BOQ for the complete item list along with detailed specifications.

Approved Brands: SKF, Timken, FAG

Kindly note that only authorized distributors or manufacturers may participate in the Tender. A valid authorization certificate is required to be submitted along with the quotation

Contract Duration: ARC will remain valid for 2 year from the date of the Purchase Order, unless extended or terminated mutually.

Price Validity: All prices under this ARC shall remain firm and fixed for the entire contract period. No price escalation will be accepted.

Quality Standards: Materials must comply with approved specifications and standards. Supplier must provide Test Certificate, COA, and COO with each delivery. Non‑conforming materials will be rejected. -Valid Authorized Distributor

INCOTERM  2020: Delivery at place, AJSP Store, Sohar- Oman

Delivery Period: Delivery must follow the PO schedule. Standard delivery time: 7-10 working days. Suppliers must ensure proper packing & safe transportation. (As and when required, on call basis)

Liquidated Damages (LD): Delay in delivery attracts 0.5% LD per week, up to max 7.5% of PO value.

Rejection & Replacement: Defective or non‑conforming materials must be replaced within 48 hours at no cost. Failure may lead to LD or alternate sourcing at supplier�s cost.

Payment Terms: Payment processed as per agreed credit terms after verification and acceptance. (90 days Credit from Delivery Date)

Documentation Required: Delivery Note, Tax Invoice, Test Certificate (if applicable), COO/COA. Shall Provide on Demand

General Conditions: Supplier must ensure uninterrupted supply. Changes in brand/spec/model require written approval. All communication via official email.

Termination Clause
ARC may be terminated if:

� More than 2 quality rejections.

� Failure to provide quality documents.

� Repeated delays or LD > 7.5%.

� Any violation of ARC terms.

� 15‑day written notice will be issued prior to termination.