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Master Contracts and Supplements

What is the difference between a Master Contract and a Supplement?

 

The Master Contract describes the general terms and conditions of the agreement between your company and Rail India, including where rail wagons can be used, equipment responsibilities, and tax and liability issues defined by the type of lease.

 

A Supplement is an attachment to the Master Contract specifically defining any additional agreements between Rail India and its customers pertaining to a particular group of rail wagons, including the rent and term of the lease of those wagons.