JOINT VENTURE AGREEMENT

Between
Petrochemical Engineering Consultants.
And
Cameos Consultant Engineers
And
Gulf Engineering Services
And
Design Studio
For
CONSULTANCY, DETAIL DESIGN FOR ESTABLISHMENT OF LPG TERMINAL AT TAFTAN
DISTRICT CHAGAI
This Joint Venture Agreement (JV) is made on 1st April, 2021.
WHEREAS, M/s. Petrochemical Engineering Consultants., C-2, Block No. 17, Gulshan-e-Iqbal,
Near National Stadium Karachi (hereinafter called "PETROCHEMICAL", Lead Partner), M/s Gulf
Engineering Services (Pvt.) Ltd. Flat # 110 muzamil square shahbaz town,samungli road quetta
(hereinafter called "GECS", JV Partner), M/s Cameos Consultant Engineers, 44-A Chaman
Housing Scheme, Airport Road, Quetta (hereinafter called "CAMEOS", JV Partner), and M/s
Design Studio , (hereinafter called "DS", JV Partner), have agreed to form a Joint Venture (JV).
WHEREAS PETROCHEMICAL, GULF ECS, CAMEOS, and DESIGN STUDIO (individually
referred to as “Party”, collectively referred to as “Parties”, and Jointly referred to as “Consultants”)
have agreed to provide CONSULTANCY, DETAIL DESIGN FOR ESTABLISHMENT OF LPG
TERMINAL AT TAFTAN DISTRICT CHAGAI ", (hereinafter called the "Project") to be executed for
the Industries Department, Government of Balochistan (hereinafter called the “Client”).
The Parties hereto confirm the understanding as follows:
1. OBJECTIVES
a. PETROCHEMICAL, GULF ECS ,CAMEOS, and DESIGN STUDIO hereby agree to form a
Joint Venture for providing the Consultancy Services for above mentioned project to be
executed for the Client.
b. Each Firm will be jointly and severely responsible for the accomplishment of the Project as
per Contract Agreement signed with Client.
c. PETROCHEMICAL shall be the Lead Partner. All correspondence with the Client shall be
carried out by PETROCHEMICAL on behalf of the Consultants. Mr. Shoaib Mustafa Siddiqui,
CEO/ MD PETROCHEMICAL is hereby authorized to represent the Consultants JV.
2. RESPONSIBILITIES OF THE PARTIES
A. Responsibilities of PETROCHEMICAL:
a. PETROCHEMICAL responsible for the design of LPG Receipt System, LPG Storage system,
LPG Dispatch System, LPG Cylinders Filling Facility, Fire Fighting System, Compressed Air
System, Instrument & Control System.
b. PETROCHEMICAL shall lead the Design and a centralized approach shall be adopted.
c. PETROCHEMICAL shall manage overall coordination and quality assurance of JV.
d. To represent and carryout every correspondence regarding all matters with the Client and
 attend meetings and issues related to the Project.
e. Oversight and coordinate provision of properly qualified and adequately experienced staff
(through respective JV partners) to efficiently discharge contractual obligations regarding
provision of consultancy services to the Client as Lead Partner.
f. Preparation of Bill of Quantities of their relevant field structure
B. Responsibilities of CAMEOS:
a. Responsible for Architectural and Structural Design of the Building, Road Infrastructure
works, Master Planning and allied Facilities.
b. Preparation of PC-I Document
c. Preparation of Bidding Documents
C. Responsibilities of GULF ENGINEERING SERVICES:
a. Responsible to Conduct Topographic Survey and other required works
D. Responsibilities of DESIGN STUDIO ENGINEERING CONSULTANT:
a. Responsible for Electrical Design.

3. STAFFING INPUT AND SHARING

a. Each firm according to its actual input shall prepare separate Invoice to the client for payment.
b. Taxes, fees, administrative expenses and other impositions as may be levied under the
applicable law shall be borne by each Firm proportionate to their shares in the business.
4. Mode of Payment

Sr. Name of Firm Share Amount

PETROCHEMICA 55% 33,000,000
1.
Gulf Engineering Services 20% 12,000,000
2.
CAMEOS 20% 12,000,000
3.
Design Studio 5%
4.
3,000,000

All the Payment received from the client will be divided through client on above mentioned
percentage. Separate checks will be issued to Each firm according to their JV Share. All the
firms personally responsible for the all-Tax issues.

Check Wise Share

Gulf
Sr Design
Deliverable Percentage PETROCHEMICAL Cameos Engineering
. Studio
Services

Inception 6,600,000
1 20% 2,400,000 2,400,000 600,000
Report

2 Submissio 40% 4,800,000

 Gulf
Sr Design
Deliverable Percentage PETROCHEMICAL Cameos Engineering
. Studio
Services

13,200,000 4,800,000 1,200,000

n of Design

9,900,000 3,600,000
Submissio 3,600,000 900,000
3 30%
n of PC-I

Submissio
n of 3,300,000 1,200,000
4 10% 1,200,000 300,000
Bidding
Document
G.Total 0 0 0 0

5. PERFORMANCE OF SERVICES
a. PETROCHEMICAL being lead partner shall be responsible for overall management of the
project in coordination with the JV partners. CAMEOS, GULF ECS and DESIGN STUDIO
shall fully cooperate and support the lead partner in fulfilment of the contractual obligations.
b. CAMEOS, GULF and DESIGN STUDIO shall assign agreed number of its employees to the
Project, so that the provisions of the Agreement are complied with and the Services are
carried out in accordance with the Service Agreement. Each Firm shall be responsible for all
actions of its Personnel.
c. In case of any complaint or performance issues of any personnel of any firm in JV, a meeting
at director level shall be done and discussed. However if client or Lead Partner desires to
replace that particular staff then he shall be replaced by the employer with suitable
replacement as per TOR.
d. In case of delays or failure to fulfill obligations in whole or in part by JV Firms or their
Personnel, under this Agreement, shall be deemed in default. PETROCHEMICAL shall take
over and carry on to complete the performance of the Services Agreement without the
participation of default firm, to the extent of default and replacing the defaulting Personnel
and continue to act in accordance with the terms of this Agreement.
e. Meetings shall be carried out on quarterly basis, with participation of Director level
representatives from all JV partners, for monitoring the progress and performance of
Consultancy Services.

6. GENERAL
a. Miscellaneous Provisions:
That, the Parties shall keep all Project related matters, Documents and Record, secret and
confidential and shall not disclose to any third party without the prior written consent of the
other party, any information, data, specifications, drawings, report, amount or any other
document supplied or made available by the Client to the Consultants in the performance of
the obligation of the JV Agreement.
b. Arbitration:
That incase of any dispute arising during the implementation of this Agreement, the same
shall be settled amicably. If however, the dispute cannot be settled amicably, it will be
 referred to a mutually agreed Arbitrator.
c. Diligence and Care:
That, the Parties shall exercise all skills, care and diligence in the discharge of duties and
perform the services assigned in accordance with the terms and conditions settled here-in
above.
d. Amendments/ Additions:
That, this Contract forms the entire Agreement between the Parties. Any amendments/
additions to this Agreement will only be made in writing after mutual consent and will be
added as an amendment to the Agreement. All such amendments/ additions shall be treated
as part of the Agreement.
This Joint Venture Agreement shall be effective upon signing by the Parties and shall be valid to
the time, when;
a. Upon completion of services and the Project is completed in all respects and payment made
thereof.
b. The Client chooses to terminate the Consultancy Contract Agreement for the Project, due to
any reason whatsoever evidenced by a communication in writing from the Client.
c. Through any mutual understanding of the parties.
IN WITNESS WHEREOF, the Parties hereto have caused this JV Agreement to be signed in their
respective names as of the day and year as written here above.

For and on behalf of PETROCHEMICAL For and on behalf of CAMEOS

Signature: __________________________ Signature: __________________________

Name: Shoaib Mustafa Siddiqui Name:
Title: Chief Executive Officer Title:

For and on behalf of GULF ENGINEERING For and on behalf of DESIGN STUDIO

Signature: __________________________ Signature: __________________________

Name: Name:
Title: Title:

Witness 1: Witness 2:
Signature: __________________________ Signature: __________________________
Name: __________________________ Name: __________________________
Title: __________________________ Title: __________________________