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Offset Contracts

www.ecco-offset.eu. Offset Contracts. Christian Sylvain (ECCO Chairman) ICC Commission on Commercial Law and Practice (CLP) PARIS 13 November 2015. Definition of OFFSET.

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Offset Contracts

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  1. www.ecco-offset.eu Offset Contracts Christian Sylvain (ECCO Chairman) ICC Commission on Commercial Law and Practice (CLP) PARIS 13 November 2015

  2. Definition of OFFSET Offset means any condition or undertaking that encourages local development or improves a Party’s balance-of-payments accounts, such as the use of domestic content, the licensing of technology, investment, counter‑trade and similar action or requirement. GPA 1994-Revised April 2014 Applicable only to non-members The information in this document is ECCO property and is intended solely for the addressees. Reproduction and distribution are prohibited. Thank you.

  3. AREVA UNIVERSITY – Christian SYLVAIN – April 17th, 2013 Offsets : Overview - Expressed as a % of the amount imported under the principal contract - Comes into force on the same date as the principal contract - Penalties and bank guarantees OFFSET CONTRACT OFFSET LEGISLATION Country A Country B Two processes in parallel Supplier CUSTOMER S.O.E. • Price • Technical • Timescale • Financing • General Conditions MAIN CONTRACT Equipment in exchange for payment Creates an economic benefit by adding value locally Customer’s government OFFSET CONTRACT

  4. Specificities of the Market The information in this document is ECCO property and is intended solely for the addressees. Reproduction and distribution are prohibited. Thank you.

  5. Main Characteristics of an Offset Contract The information in this document is ECCO property and is intended solely for the addressees. Reproduction and distribution are prohibited. Thank you.

  6. Known and unknown risks The information in this document is ECCO property and is intended solely for the addressees. Reproduction and distribution are prohibited. Thank you.

  7. Business & Legal Risks The information in this document is ECCO property and is intended solely for the addressees. Reproduction and distribution are prohibited. Thank you.

  8. Offset requires a Specific Contract The information in this document is ECCO property and is intended solely for the addressees. Reproduction and distribution are prohibited. Thank you.

  9. ICC Guide Published in October 1989 The information in this document is ECCO property and is intended solely for the addressees. Reproduction and distribution are prohibited. Thank you.

  10. The information in this document is ECCO property and is intended solely for the addressees. Reproduction and distribution are prohibited. Thank you. Thank you European Club for Countertrade & Offset Association under the French law of 1901 - no. W922002916 69 rue Louise Michel 92300 Levallois-Perret France www.ecco-offset.eu info@ecco-offset.eu

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