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Indian Oil Corporation Limited

  • Opening Date

    08 Oct 2019

  • Closing Date

    11 Oct 2019

  • Tender Amount

    Refer document

  • EMD


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Iocl/lng/bd-f/marine Terminal Liability/ins/01

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- 1 - Indian Oil Corporation Limited Indian Oil Bhawan, 1, Aurobindo Marg, Yusuf Sarai, New Delhi – 110016 TENDER FOR MARINE CARGO INSURANCE COVERAGE FOR CHARTERED LAIBILITY FOR LNG IMPORTS – INDIAN OIL CORPORATION LIMITED BUSINESS DEVELOPMENT (DOMESTIC BIDDING) TENDER No.- IOCL/LNG/BD-F/MARINE TERMINAL LIABILITY/INS/01 TENDER DOCUMENT INDIAN OIL CORPORATION LIMITED (BUSINESS DEVELOPMENT) CORPORATE OFFICE 8TH FLOOR, INDIAN OIL BHAVAN 1,SRI AUROBINDO MARG YUSUF SARAI,NEW DELHI-110016 - 2 - TABLE OF CONTENTS SECTION ITEM PAGE NOS. I Invitation For Bids (IFB) 3 – 4 II Introduction & Overview Of Gas Business 5 III Instructions to bidders 6-11 IV General Terms & Conditions 12-13 V Special Conditions of Contract 14-16 VI Forms and Formats 17-25 VII Certificate for Declaration of Rates as per IRDA (Annexure –I) 26 VIII Insurance claim 27 - 3 - SECTION-I INVITATION FOR BIDS (IFB) Ref: IOCL/LNG/BD-F/MARINE TERMINAL LIABILITY/INS/01 Date: 01.10.2019 Sub- Marine cargo insurance coverage for chartered liability for LNG imports – Indian Oil Corporation Limited, Dahej, Gujarat E-tender is invited under single bid system from eligible bidders for following Insurance Cover:- 1.1 NAME OF POLICY Marine cargo insurance coverage for chartered liability for LNG imports- Indian Oil Corporation Limited (IOCL) at Dahej, Gujarat. 1.2 TENDER NO. IOCL/LNG/BD-F/MARINE TERMINAL LIABILITY/INS/01 1.3 Vessel Name Gaslog Saratoga (Subject to change, will be informed later) 1.4 PRODUCT & HSN CODE LNG- 27111100 1.5 ESTIMATED QTY. Cargo -1 - 2912471(MMBTU) Cargo – 2 – 1600501(MMBTU) 1.6 LOAD PORT USA (WEST COAST) 1.7 UNLOAD PORT DAHEJ & ENNORE 1.8 EARNEST MONEY DEPOSIT Not applicable. 1.9 PERIOD OF COVER For Cargo - 1- 20-10-2019 to 19-12-2019 For Cargo -2 – will be informed later 2.0 LAST DATE & TIME FOR SUBMISSION OF BID DOCUMENT Up to 15:00 Hrs on 10.10.2019 2.1 DATE & TIME & OF BID OPENING 15:00 Hrs on 11.10.2019 2.0 SUBMISSION OF TENDER 2.1 The Tender Documents have to be submitted online at as per instructions provided in the Special instructions to bidder uploaded along with the tender document. 2.2 It shall be the responsibility of the bidder to ensure that the tender is submitted as per Point no 2.1 & table above. 2.3 Bids received after the due date and time of opening is liable to be rejected. 2.4 Bidders are advised to download the tender documents and submit the declarations and tender documents along with clear scanned copies of required documents to substantiate the claim towards their credentials. 2.5 The price bid must be submitted only in the prescribed Excel file (BOQ) available as a part of the e- tender. The tender and amendment, if any, should be as a part of the bid. Bidders should study the tender documents carefully before submitting their offer. - 4 - 2.6 Special instructions for participation in e-tenders is attached and uploaded along with tender document. 3.0 Bidder(s) are advised to quote strictly as per terms and conditions of the tender documents and not to stipulate any deviations / exceptions. 4.0 This Invitation for Bids (IFB) is an integral and inseparable part of the enclosed Bid Document. 5.0 Indian Oil Corporation Limited reserves the right to accept or reject any or all offers without assigning any reason, whatsoever. - 5 - SECTION II INTRODUCTION AND OVERVIEW OF IOCL GAS BUSINESS 1. GAS Business at IOCL, Dahej IndianOil has signed an LNG Sale and Purchase Agreement (LNG SPA) with Diamond Gas International Pte. Ltd (DGI, a wholly owned subsidiary of Mitsubishi Corporation, Japan) for sourcing of 0.7 MMTPA of LNG for a period of 20 years from th

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