The Product Replacement Agreement (PRA) is a contract which fixes the procedure to replace finished products owned by APETRA with new products.
APETRA can launch a call for tenders for the delivery of stored product and delivery of new product that meets the same or a different specification. This replacement operation is undertaken by APETRA's partner against a fee which covers all costs for delivery and redelivery. The difference between the delivered but not yet redelivered volume is covered by the partner. This coverage may consist of a property title on another product of the partner or a ticket with bank guarantee on a replacement volume. Products need to be refreshed when a new specification is imposed or when a quality analysis indicates its need.
Product replacement is needed regularly, because APETRA stored a lot of its stocks segregated. Selected partners have thus regular business opportunities.
Interested? Introduce your candidacy for the framework agreement APETRA/2014/1 by means of the documents below.