In Long Term Service Agreement (LTSA), a certain level of performance in terms of availability, reliability, maintenance costs, power output and/or efficiency is guaranteed for client.
LTSA is offered in two arrangements: supply of spare parts and/or operation & maintenance services, including regular maintenance and major inspection according to OEM manual for a period of at least 3 years.
Advantages of LTSA are:
Lower operation cost and higher revenue
Access to updated technology
Reliable and fast access to spare parts and services
Lower inventory cost and working capital