Financial Penalties On Russia For Gorshkov
Delay
While it has been known for a while that
India planned to penalise Russia for the
delays in delivery of the Vikramaditya
(formerly Admiral Gorshkov) aircraft carrier,
this was officially stated for the first time
today in Parliament by the Indian defence
minister.
Responding to a question on the carrier
programme, A.K. Antony said, "[D]elivery of
the aircraft carrier INS Vikramaditya
(Gorshkov), after completion of repairs and
sea trials, would be made in the last
quarter of 2013. The aircraft carrier was
subjected to extensive trials for the first
time for 108 days from 8th June 2012 to
23rd September 2012, with a part of the
Indian crew on board, undergoing training
during the sea trials. While a substantial
scope of ship's equipment and aviation
trials were completed during this period,
the main propulsion plant trials to full
power could not be completed due to
defects encountered on boiler section.
Rectification of the defect is likely to take
six months.
Liquidated Damages (LD) clause
for delays in delivery is incorporated in the
contract. As per contract, LD is to be
ascertained and levied within six months of
ship's delivery.
Livefist: Financial Penalties On Russia For Gorshkov Delay
* Hope all non believers can believe now since saint Antony himself revealed this.
