- A formal lease agreement for equipment and machinery will be concluded prior to the provision of any leased equipment or machinery.
- The lessor is responsible for providing the necessary expert and unskilled workers to operate the machinery. This work includes, but is not limited to, drivers and operators.
- The lessee will cover the expense of all arrangements for food and lodging for drivers.
- The monthly lease rent payment is due on the 5th of every month, and it must be done exclusively through proper banking channels, such as NEFT/RTGS.
- The lessee is responsible for paying for diesel consumption. The breakdown of machinery or equipment that is idle owing to a lack of fuel is not included in the definition.
- In the event of a serious breakdown, the lessor must replace the equipment/machinery within 7 working days.
- The lessee is responsible for the one-way transportation of such equipment/machinery to their respective location.
- A month will be defined as 26 days, i.e. 260 hours, for the purposes of this lease.
- Log book must be updated daily which must be jointly signed by the lessor's operator and a representative of the lessee, and the lease rent invoice must be made only on the basis of such log book.
- If necessary, both parties will mutually agree on modifications to the aforementioned criteria.