GCF Standard Terms and Conditions for Purchases

The GCF Standard Terms and Conditions for Purchases (August 2024) outline the contractual obligations for contractors supplying goods or services to the Green Climate Fund. Key provisions include payment terms (30 days post-acceptance), warranty requirements for quality and non-infringement, and strict adherence to GCF's Policy on Prohibited Practices and SEAH Policy. The agreement is governed by the laws of the Republic of Korea, with disputes settled via UNCITRAL arbitration in Seoul. It also specifies GCF's tax exemptions under its Headquarters Agreement and requires contractors to uphold the ten principles of the United Nations Global Compact.

• Payment for goods or services is processed within 30 days following the acceptance of the delivery and the submission of an invoice via the GCF Supplier Portal or email.
• Contractors must comply with the GCF Policy on Prohibited Practices and the Policy on the Protection from Sexual Exploitation, Sexual Abuse, and Sexual Harassment (SEAH Policy), which includes a requirement to notify the GCF in writing of any suspected violations.
• The GCF is exempt from all direct and indirect taxes, including value-added tax and excise duties, on official purchases in the Republic of Korea under its Headquarters Agreement; contractors are responsible for any other applicable taxes.
• The agreement is governed by the laws of the Republic of Korea, and any disputes must be settled through arbitration in Seoul using UNCITRAL Arbitration Rules with a single arbitrator and English as the language.

APA

Green Climate Fund (2024). GCF Standard Terms and Conditions for Purchases. https://www.greenclimate.fund/sites/default/files/document/gcf-standard-terms-and-conditions-purchases-august-2024.pdf

Chicago

Green Climate Fund. GCF Standard Terms and Conditions for Purchases. 2024. https://www.greenclimate.fund/sites/default/files/document/gcf-standard-terms-and-conditions-purchases-august-2024.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=GCF Standard Terms and Conditions for Purchases |date=August 2024 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-standard-terms-and-conditions-purchases-august-2024.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2024gcf, author = {{Green Climate Fund}}, title = {{GCF Standard Terms and Conditions for Purchases}}, institution = {Green Climate Fund}, year = {2024}, month = aug, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-standard-terms-and-conditions-purchases-august-2024.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }