Page 27 - 2020 CORPORATE PROFILE FUELQO ENERGIA LIMITED
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Strictly Private & Confidential
• 3.1 - Bank Guarantee(s) will be issued by the Project owner (Government entity or the designated
payee) through an International prime bank, and/ or Government Bond(s) prior to the
commencement of the project(s).
• 3.2 - Periodical payment(s) is made by the project owner during the implementation phase followed
by final settlement upon completion of the scheduled phase(s).
Please note that there is no fast and hard rule as to the contract’s terms & conditions and we are
sometimes flexible. Nevertheless, we are meticulous in selecting the right company (or group of
companies) to carry out the work(s).
Furthermore, the ultimate terms and conditions are reviewed prior to project commencements and
may, indeed, vary as per the vendor’s merits and project’s nature.
We also procure for and on behalf of contracting companies in pre-financing of oil & gas production
terminals, tank farms, regasification, storage and processing, and structuring of grass roots projects
in emerging markets in the Asian, Middle East, Africa and C.I.S Countries and in most cases the
nominated project management team enters off take agreements with privately own corporate
entities or government ministries worldwide.
Other models are applicable once compliance is administered and the process of due diligence has
been verified on behalf of the project management team.
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