First of all a happy new year to you.
I am following up with the bank- it should not be too long until we can get the approval. OK can you please let us know once approved.
Also I will get you our financial statement as soon as possible. OK thank you
In reply to your remarks in regards to the P.O., let me take a look at it and make the changes as all parties see fit. In essence though with the changes that Matcon is asking me to make to the P.O. I am nullifying every safety that I have and giving Matcon a no-responsibility deal. I on the other hand have to bear the risk of buying a machine which I do not know whether it will live up to expectation and a service team that I have no idea whether it will deliver the appropriate service. I understand that some clauses are 'unfair' (although I have included them before the tests as I was pressured to send out a P.O. for the sake of a price advantage), yet I do not see any danger in them to Matcon. This is a risk to us of a client cancelling the contract based on this, I can appreciate what you are intending, so I will ask our team if there is any other wording which might be more appropriate and acceptable. The reason I included it was due to a lack of support and consultation from Matcon on what options are suitable for my needs (prior to testing at Monexco). OK however as we have completed the tests now this should be removed.
If in any way possible I would like to treat the last 10% as my personal safety. As I mentioned before I have no safety whatsoever, and mostly when I buy machinery the vendor agrees to handling the last 10% outside of the LC and dependent on commissioning. The last 10% is OK however the long timeframe of after 120days from notification of readiness to ship will mean that this is a 4 month timeframe so the equipment will have been shipped, installed and commissioned this is a back stop as we have some applications where the client does not commission for 12 months and we risk not getting paid because of this.