{"id":12758,"date":"2020-06-12T17:28:02","date_gmt":"2020-06-12T11:58:02","guid":{"rendered":"http:\/\/udaen.info\/?p=12758"},"modified":"2020-06-12T17:28:02","modified_gmt":"2020-06-12T11:58:02","slug":"defence-ministry-extends-delivery-period-for-all-existing-capital-acquisition-contracts-with-indian-vendors-by-four-months","status":"publish","type":"post","link":"https:\/\/udaen.info\/?p=12758","title":{"rendered":"Defence Ministry extends delivery period for all existing capital acquisition contracts with Indian vendors by four months"},"content":{"rendered":"<h2>Defence Ministry extends delivery period for all existing capital acquisition contracts with Indian vendors by four months<\/h2>\n<div class=\"news-details-img\"><img decoding=\"async\" class=\"img-responsive img-right\" src=\"http:\/\/newsonair.com\/writereaddata\/News_Pictures\/NAT\/2020\/Jun\/NPIC-2020612134616.jpg\" \/>mod.gov.in<\/div>\n<p>The Ministry of Defence has extended the delivery period for all existing capital acquisition contracts with the Indian vendors by four months due to supply chain disruptions arising out of COVID-19 situation. Defence Minister Rajnath Singh has approved an order to this effect today.<\/p>\n<p>AIR correspondent reports, according to the order Force Majeure shall be applicable for a period of four months from 25th March 2020 to 24th July 2020.\u00a0 The order says the duration of this Force Majeure will be excluded while calculating the delay in delivery of contracted equipment\/ service and imposition of Liquidated Damages charges.<\/p>\n<p>This measure would bring a big relief to the domestic defence industry, whose production schedules have been adversely affected by COVID-19 situation.<\/p>\n<p>The MoD order, however, adds that the Indian vendor is free to deliver the contracted items well within the extended delivery period.<\/p>\n<p>With respect to the foreign vendors they can approach the Ministry of Defence which may consider cases on the basis of the situation prevailing in their respective countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Defence Ministry extends delivery period for all existing capital acquisition contracts with Indian vendors by four months mod.gov.in The Ministry of Defence has extended the delivery period for all existing capital acquisition contracts with the Indian vendors by four months due to supply chain disruptions arising out of COVID-19 situation. Defence Minister Rajnath Singh has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_exactmetrics_skip_tracking":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12758","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.4 - aioseo.com -->\n\t<meta name=\"description\" content=\"Defence Ministry extends delivery period for all existing capital acquisition contracts with Indian vendors by four months mod.gov.in The Ministry of Defence has extended the delivery period for all existing capital acquisition contracts with the Indian vendors by four months due to supply chain disruptions arising out of COVID-19 situation. 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