3 FEBRUARY IMPORT LICENSING EDITION 435

PAYMENT OF PREMIUMS

10. A non-refundable deposit of 25 percent of the premium bid must accompany each bid made. Except in the case of zero bids an invoice will be sent to successful tenderers for the balance of the premium due for the licence to which it relates. The balance must be received by the Finance Section, Ministry of Commerce, P.O. Box 1473, Wellington, no later than the date specified on the invoice (which will be about 3 months from the invoice date). If payment is not received by the due date, the successful tenderer will forfeit its entitlement to licence and deposit.

GOODS AND SERVICES TAX

11. GST is not payable on the premiums.

RETURN OF DEPOSITS

12. Deposits remitted in respect of unsuccessful or invalid bids will be returned to the tenderer.

VALIDITY OF LICENCE

13. Licences won will be valid from the date they are signed by the authorizing officer. There will be no end date to licences won in this tender round.

UNPAID LICENCE

14. Licences not paid for will be reallocated to unsuccessful tenderers in the tender numbers concerned. The units available will be offered to unsuccessful tenderers in descending bid rate order. Those tenderers will be offered the units previously bid for at the bid rate made. The offer will be on an “all or nothing” basis. The offer will not be made to successful tenderers who failed to pay the balance of premium owing, or to unsuccessful tenderers who declined the first offer. Payment for such unpaid licence will be required within 10 working days.

CONTINUITY LICENCE

15. Licences won in this round will entitle the winners to continuity licence, viz, 50 percent of the licence won in this round will be offered, valid from the start of the following (annual) tender period. The premium rate will be the same as was paid for the licence won in this round. The continuity offer will be attached to the licence issued to successful tenderers; to obtain the continuity licence, acceptance must be made by the time stipulated on the offer and payment forwarded against invoice by the due date given on the invoice.

REFUND FOR EXEMPTIONS

16. Except as stated later in this paragraph, where the goods covered by a licence won pursuant to this tender:

    (a) move to licence of demand; or

    (b) are removed from the First Schedule to the Import Control Regulations 1988 (are exempted from licence control)—

within 12 months of the issue of the licence, refunds will be available on request for the proportion of the premium paid for the licence which corresponds to the proportion of the licence not used. The foregoing provisions of this paragraph do not apply to tender numbers 6630, 6631 and 6632. The goods covered by those tender numbers are to become exempt from licence control on 1 January 1990. No refunds will be made as a result of such exemption.

CLOSING OF BIDS

17. Bids must be received by the Import Licence Tendering Section of Ministry of Commerce in Wellington by 5 p.m. on Thursday, 23 February 1989.

Late bids cannot be accepted.

18. Bids should be addressed to the Senior Advisory Officer, Import Licensing Tendering Section, Ministry of Commerce, P.O. Box 3146, Wellington. Envelopes should be clearly marked “IMPORT LICENCE TENDER” in the bottom right hand corner of the envelope. Bids can be put in the Tender Box situated on the First Floor, Bowen State Building, Bowen Street, Wellington.

SECOND SCHEDULE

The Item Code groupings tendered hereunder derive from the Import Licence Schedule:

Note: Before completing the bid forms tenderers should read the terms and conditions set out in the First Schedule carefully as these are binding on all bids made.