Supply and Installation Agreement for ECDIS on R.O.K. Navy P154(AOE-II) between Hyundai Heavy Industries and e-MARINE Inc.

Contract Categories: Business Operations › Supply Agreements
Summary

Hyundai Heavy Industries Co., Ltd. and e-MARINE Inc. have entered into an agreement for the supply and installation of an Electronic Chart Display and Information System (ECDIS) for the R.O.K. Navy P154(AOE-II) project. The contract covers one shipset, with a total price of 272,000,000 Won, payable 30% upfront and 70% after installation. e-MARINE will provide technical support, training, and commissioning. The installation date is set for July 12, 2016, but may be changed at the customer's request. The contract becomes effective if not refused within 30 days of issuance.

Read More Arrow
EX-10.29 13 ex10-29.htm

 

ECDIS on R.O.K. Navy P154(AOE-II) Contract
Navigation Technology Solution for Hyundai Heavy Industries

 

Project: 1 Shipset of ECDIS on R.O.K. Navy P154(AOE-II)

Ordering: Hyundai Heavy Industries Co., Ltd.

Contract No. (HHI): PU1544E302

Product No.: E302

Price: 272,000,000 Won

Payment Terms

 

  ● 30% Initial Payment
     
  ● 70% After Installation

 

Installation Date: July 12th 2016

Supply & Installation Terms

 

  ● Technical Support and Training
     
  ● Test Drive & Commissioning
     
  ● The installation date can be changed per The Ordering’s demand
     
  ● The Contract is in full effect when there is no refusal for 30 days after being issued

 

Hyundai Heavy Industries Co., Ltd. (“The Customer”) and e-MARINE Inc. (“The Supplier”) agree to execute all matters for [ECDIS for R.O.K. Navy P154(AOE-II)]

 

April 1st 2016