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Legal text for SACC item
1. The price(s) in Canadian funds include(s) foreign currency component(s) in respect of goods and services originating outside of Canada as detailed in form DSS-MAS 9411, Claim for Exchange Rate Adjustments, which forms part of this Contract. 2. The foreign currency component is defined as the element of the price which will be affected by the exchange rate fluctuations. It excludes Canadian goods and services tax and excise taxes of an ad valorem nature on imported items, as well as customs duty, but includes any transportation costs payable in foreign currency. 3. The foreign currency component(s) subject to adjustment in respect of goods and services purchased outside of Canada with payment in a foreign currency and the applicable conversion factors are as detailed in form DSS-MAS 9411 which forms part of this Contract. 4. Price adjustments with respect to foreign currency fluctuations will be based upon foreign currency component expressed in the foreign currency of the item or service (see section A of form DSS-MAS 9411) with appropriate adjustments in the foreign exchange rate from the rate specified at section B of the form. Such increases or decreases in the rate shall be based on the date of payment for the goods by Canada. In any event, price adjustments will cease, unless otherwise provided for in the Contract, when the value of the foreign currency component identified at paragraph 3 is reached. 5. On each invoice submitted against the Contract, the Contractor will show the exchange rate adjustment factor (either upward, downward or no change) as a separate item on the invoice and provide a copy of form DSS-MAS 9411 with Part II fully completed. The documentation is to show the date(s) the goods were actually shipped for clearance through customs into Canada, supported by a copy of the relevant shipping document. In the case of delivery made after the delivery date specified in the Contract, Canada will select the exchange rate most advantageous to it within the 30-day period after the specified delivery date.