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Combined ShapeCreated with Sketch.Awarded Tender: Contract Date - 14 Aug 2019

Indian Oil Corporation Limited

Delhi, Delhi

  • Opening Date

    06 Aug 2019

  • Closing Date

    10 Aug 2019

  • Tender Amount

    Refer document

  • EMD



Providing Standard War And Srcc Risk Coverage For Crude Oil Import Cargoes And For Import Export Of Petroleum Products And Coastal Movements Of Petroleum Products In India

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INDIAN OIL CORPORATION LIMITED (REFINERIES DIVISION, Ref HQ) LETTER INVITING e-TENDER Short E-tender is being invited under Single Bid System through IOCL's e-Tendering portal from competent bidders and fulfilling the requirements stated hereunder, for the following work: Tender No. RHQCC19057 1. Name of Work PROVIDING STANDARD WAR AND SRCC RISK COVERAGE FOR CRUDE OIL IMPORT CARGOES (EXCLUDING IRANIAN CRUDE OIL) AND FOR IMPORT/EXPORT OF PETROLEUM PRODUCTS (EXCLUDING IMPORT/EXPORT FROM IRAN) AND COASTAL MOVEMENTS OF PETROLEUM PRODUCTS IN INDIA. 2. Time Schedule w.e.f. 16.08.2019 to 31.08.2019. 3. Tender issue/ download schedule From 06-Aug-2019, 17:00 Hrs. to 10-Aug-2019 upto 17:00 Hrs. Tender documents can be downloaded free of charge from the website during the above period. 4. Tender Issuing and Receiving Authority A K Saxena Deputy General Manager (Contracts), Indian Oil Corporation Ltd., Materials & Contract Department,4th Floor, Room-427, Core-2 Scope Complex, Lodhi Road, New Delhi-110003, India Tel. : +91-11-71725323/5375 E-mail: 5. Pre-Bid Meeting Not Applicable 6. Bid Submission Start Date & Time 06-Aug-2019, 17:00 Hrs. 7. Last date of submission of tender 10-Aug-2019 Up to 17:00 Hrs. 8. Mode of Submission Offer must be uploaded on e-tender website before the last date & time of submission of tender. Offer submitted using any other mode will not be accepted. 9. Earnest Money Deposit (EMD) & tender Fee Not Applicable 10. Tender opening date Tender shall be opened on 12-Aug-2019 at 12:00 Hrs. or at a later date/time convenient thereafter 11. Bid validity 10 days from the date of opening of tender 12. Tentative Sum Insured Rs. 5390 Crore (List of shipment is attached) ÎØÏÝÝïçðëé 2 13. Basis of valuation CIF plus 10% 14. Excess clause 0.50% of the Consignment value 15. Loading Schedule Attached with Tender 16. Ratings The lead reinsurers/underwriters should have to have GIC Re) and placement of risk with high quality - Best or S&P. 17. No deviation confirmation Bidders are required to clearly state that their bid is according to tender terms and conditions and without any deviation, failing which their bid shall be liable for rejection. Further bidders are required to submit an undertaking in this regard in the format available in the tender. 18. In case of tie between two or more bidders In case of tie between two or more bidders at L-1 position, all the L-1 bidders shall be asked to submit discount over previous quoted rate in a sealed envelope. In case there is still a tie, the bidder with highest annual turnover in the most recent financial year shall be considered as lowest bidder. A K SAXENA Dy. General Manager (Contracts) ÎØÏÝÝïçðëé 3

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