Payment in foreign currency will be made in the currency or currencies in which the price has been stated in the Price Schedule. The Contractor has to inform EGAT the mode of payment he requires for payment for foreign currency portion together with detail of bank account no., beneficiary's name and address etc. Jn case the local Contractor requ ire total or part of foreign currency or currencies to be paid directly to him, payment of such foreign currency or currencies will be made to the local Contractor in Thai Baht by using the buying exchange rate published by the Bank of Thailand on the bid opening date, provided that the local Contractor shall inform EGAT of the requirement at the time of bid submission.
ln case the Contractor requires the payment of foreign currency portion to be made through letter of credit, EGAT will, if there is no fault or any delay caused by the Contractor, establish the letter of credit in the name of the Contractor or Suppliers not later than thirty (30) Days after signing the Contract. The Contractor shall be responsible for all bank . charges inside and outside Thailand and including opening, amendment, reimbursing charges, payment commission , cable charges, discrepancy fee, acceptance commission and others (if any) arising from Letter of Credit.