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NEC3 ECC Compensation Events C: Notifications

NEC3 ECC Compensation Events C: Notifications

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This course provides an overview of the compensation events notifications.

In this course we:

1. Will distinguish between the timing of actual events and their related administration,
2. Learn, in detail, about notifying compensation events and instructing quotations including who can notify, timescales for doing so, sanctions for not following the process and assumptions that can be given.
3. Learn about the different procedure for proposed instructions.

Consequently, learners will be better able to fulfil their obligations under the contract.