With the chance in the corporate purchasing structure, we did make a final approach to customize the San Miguel Engineering Contract to be a standard supply contract.
All the changes were discussed in the Corporate HQ and Miss Tuesday as well as Mr. Luciano.
All necessary changes (basically we need to delete over 50% of the contract) were explained and discussed at length. The Procurement Team did agree in principal and did ask to receive a final schedule of deviation.
We did agree also finally on the Agr standard payment terms which are 30/60/10 against bank guarantee and 10% performance bond.
After they have received the schedule of deviation their legal department has to confirm and we hopefully did end this discussion for the foreseeable future.