Oil & Gas Deal-Doing in Mexico | Page 18

KEY DEAL-DOING CONSIDERATIONS

• Prequalification – Mexican subsidiary required

• Sole vs multiple contractor

• Corporate guarantee and performance guarantees o Unlimited or limited guarantee ( based on net worth criteria ) o Re-issuing the performance guarantee ( Standby letter of credit in respect of minimum work obligations ) o Cross indemnity deed

• Transfer of title o CNH consent ( if required ) o Deed of assignment o Contract amendment

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