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RASHTRIYA ISPAT NIGAM LIMITED
MARKETING DEPARTMENT
EXPORTS SECTION
SUB: NOTICE INVITING TENDER (N.I.T.) FOR EXPORT SALE OF 25,000 MT (+/-10%) OF PIG IRON FOR DELIVERY DURING JANUARY, 2006.
M/S RASHTRIYA ISPAT NIGAM LTD (RINL), VISAKHAPATNAM STEEL PLANT, INVITES SEALED OFFERS FOR EXPORT SALE OF 25,000 MT (+/-10%) OF PIG IRON FOR DELIVERY DURING JANUARY, 2006. THE DETAILS ARE AS FOLLOWS:
1.0 PRODUCT SPECIFICATION:
1.1 PRODUCT : BASIC GRADE STEEL MAKING PIG IRON
1.2 CHEMISTRY: C: 3.5 - 4.5%; Mn: 0.50% (MAX); Si: 0.75% (MAX);
P: 0.12% (MAX); S: 0.050% (MAX).
1.3 SIZE : PIGS WITH UPTO TWO NOTCHES UPTO 45KGS IN WEIGHT. CHIPS/BROKEN PIECES BELOW 25MM NOT EXCEEDING 5%.
DUST, DIRT AND MOISTURE EXCEEDING 0.5% DEDUCTIBLE FROM DRAFT SURVEY WT.
2.0 QUANTITY:
2.1 OFFERED UNDER THIS TENDER: 25,000 MT (+/-10%).
2.2.1 OFFERS WITH QUANTITIES LESS THAN 25,000 MT WILL BE OUTRIGHTLY REJECTED AND WILL NOT BE CONSIDERED / ACCEPTED AT ALL.
2.3 OPTION OF (+/-) 10% ON CONTRACTED QUANTITY SHALL BE EXERCISED BY THE SUCCESSFUL TENDERER.
3.0 DELIVERY:
3.1 DELIVERY SCHEDULE: SHIPMENT SHALL BE DURING THE PERIOD JANUARY, 2006. THE TENTATIVE LAYCAN SHALL BE BETWEEN 17/01/2006 TO 24/01/2006. HOWEVER, RINL RESERVES THE RIGHT TO EXTEND THE DELIVERY UPTO 15/02/2006, IF NEED BE.
3.2 DELIVERY BASIS: FOB ST VISAKHAPATNAM PORT ON DIRECT EXPORT BASIS.
4.0 PAYMENT: BY CONFIRMED, ON SIGHT, IRREVOCABLE WITHOUT RECOURSE TO THE DRAWER LETTER OF CREDIT OPENED AT A FIRST CLASS INTERNATIONAL BANK AS PER THE FORMAT OF VSP IN THE TERMS AND CONDITIONS OF FOB CONTRACT CLAUSE NO.5.2.1. LC SHALL BE OPENED WITHIN 10 (TEN) INTERNATIONAL BANKING DAYS, AS PER OUR TERMS AND CONDITIONS, FROM THE DATE OF SALE CONFIRMATION. L/C WITHOUT RED CLAUSE IS NOT ACCEPTABLE.
5.0 VALIDITY: OFFER SHALL BE VALID UPTO 17.00 HRS IST ON 20/12/2005.
6.0 INSPECTION: BY AN INDEPENDENT INSPECTION AGENCY AT SELLER'S COST. WEIGHT CERTIFIED AT LOAD PORT BY THE INSPECTION AGENCY OF VSP SHALL BE FINAL. INVOICING WILL BE DONE ON THE BASIS OF DRAFT SURVEY WEIGHT CERTIFIED BY THE INSPECTION AGENCY OF VSP.
7.0 EARNEST MONEY DEPOSIT (E M D):
7.1 EMD AMOUNT:
FOR 25,000 MT - USD 80,000 (OR) RS.38.00 LAKHS
7.2 MODE OF SUBMISSION OF EMD:
7.2.1 EMD SHALL BE SUBMITTED ALONG WITH THE BID OR BEFORE IN THE FORM OF DEMAND DRAFT (DD), BANK GUARANTEE (BG) OR BY TELEGRAPHIC TRANSFER (TT) REMITTANCE. IN CASE OF DD, THE DRAFT SHALL BE ISSUED IN THE NAME OF RASHTRIYA ISPAT NIGAM LTD, PAYABLE AT VISAKHAPATNAM.
7.2.2 IF THE PAYMENT FOR EMD IS BY TT, REMITTANCE IS TO BE MADE TO THE A/c OF SBI NEWYORK "UID CHIPS 03166, BENEFICIARY: SBI, STEEL PROJECT BRANCH, VISAKHAPATNAM, FOR: RASHTRIYA ISPAT NIGAM LTD, VISAKHAPATNAM STEEL PLANT".
7.2.3 WHERE THE EMD IS SUBMITTED IN THE FORM OF BG, THE SAME SHALL BE AS PER THE ENCLOSED FORMAT WITH INITIAL VALIDITY UPTO 13/06/2006. WHEREVER THE TENDERER CHOSES TO SUBMIT EMD IN THE FORM OF BG, THE BG SHALL EITHER BE ISSUED DIRECTLY BY ANY NATIONALIZED/SCHEDULED BANK HAVING BRANCH IN VISAKHAPATNAM OR SHALL BE ON THE ADVICE OF A FOREIGN BANK AS ITS CORRESPONDENT IN INDIA. HOWEVER, A CERTIFICATE FROM SUCH A NATIONALIZED/SCHEDULED BANK STATING THAT THEY WILL BE ISSUING A BG IN FAVOUR OF RINL AS PER VSPs FORMAT WITHIN 2 WORKING DAYS FROM THE DATE OF ISSUE OF SUCH CERTIFICATE ON BEHALF OF THE TENDERER/PRINCIPAL, AS THE CASE MAY BE, WOULD ALSO BE ACCEPTABLE. IN CASE IF THE BG IS ISSUED BY ANY SCHEDULED BANK LOCATED OUTSIDE VISAKHAPATNAM, IT SHALL PROVIDE FOR PAYMENT IN CASE OF A CLAIM, THROUGH ITS BRANCH LOCATED AT VISAKHAPATNAM.
7.3 EMD WILL NOT BE ACCEPTED IN THE FORM OF CHEQUES AND THE BIDS SUBMITTED WITH THE CHEQUES TOWARDS EMD, WILL BE REJECTED.
7.4 CURRENCY OF EMD: US DOLLARS OR INDIAN RUPEES.
7.5 BIDS (INCLUDING THOSE FROM THE PSUs OF GOVT. OF INDIA) WITHOUT EMD WILL BE OUTRIGHTLY REJECTED AND WILL NOT BE CONSIDERED / ACCEPTED.
7.6 EMD SHALL BE FORFEITED WITHOUT REFERENCE, IF THE TENDERER / SUCCESSFUL TENDERER FAILS TO COMPLY WITH ANY OF THE FOLLOWING CONDITIONS :
7.6.1 TO KEEP THEIR OFFER FIRM AND VALID FOR ACCEPTANCE BY RINL UNTIL 1700 HRS IST ON 20/12/2005 OR AS EXTENDED WITH MUTUAL AGREEMENT BETWEEN RINL AND THE SUCCESSFUL TENDERER / BUYER.
7.6.2 TO ESTABLISH A LETTER OF CREDIT IN FAVOUR OF RINL, IN THE FORM INDICATED IN THIS INVITATION TO TENDER COVERING FULL VALUE OF THE QUANTITY OF PIG IRON AT THE PRICE AND ON THE TERMS ACCEPTED BY RINL, WITHIN 10 (TEN) INTERNATIONAL BANKING DAYS FROM THE DATE OF SALE CONFIRMATION.
7.6.3 TO ARRANGE TO LIFT THE CONTRACTED QUANTITIES AS PER THE LETTER OF CREDIT BY THE LAST DATE OF SHIPMENT INDICATED IN THE LETTER OF CREDIT.
7.7 EMD SHALL BE RELEASED AFTER RECEIVING REMITTANCE IN FULL TOWARDS PENDING DESPATCH AMOUNTS DUE, IF ANY, FROM THE SUCCESSFUL TENDERER. IN CASE THE EMD IS SUBMITTED BY BG, THE TENDERER SHALL ENSURE EXTENDING THE BG ACCORDINGLY.
8.0 CONTRACT: CONTRACT CAN BE ENTERED INTO WITH THE PARTY WHO OPENS LETTER OF CREDIT OR WITH THEIR AGENT ON THEIR BEHALF. SHIPPING DOCUMENTS WILL BE MADE ONLY IN THE NAME OF THE PARTY WHO OPENS LC OR THEIR CONSIGNEE.
9.0 ALL OTHER TERMS WILL BE AS PER THE STANDARD TERMS AND CONDITIONS OF VSP REF. NO. VSP/EXPT/FOB DT.7TH MAY, 2003, WHICH CAN ALSO BE ACCESSED BY CLICKING HERE: http://www.vizagsteel.com/code/exports/.asp
10.0 IN CASE OF CONTRADICTION BETWEEN THE TERMS AND CONDITIONS OF NIT AND VSPS STANDARD TERMS AND CONDITIONS, THE PROVISIONS IN THIS NIT WILL SUPERCEDE THE VSPS STANDARD TERMS AND CONDITIONS.
11.0 INSTRUCTIONS TO TENDERERS:
11.1 TENDERER IS REQUESTED TO SUBMIT HIS OFFER WITH BEST PRICE IN USD BASIS FOB ST VISAKHAPATNAM (MATERIAL FOR DUNNAGING, LASHING, SHORING & SECURING TO BUYER'S ACCOUNT) ON DIRECT EXPORT BASIS FOR THE PRODUCTS AND SPECIFICATIONS INDICATED IN PARA 1.0 ABOVE.
11.2 CONFIRMATION REGARDING ACCEPTANCE OF NIT AND VSPS STANDARD TERM AND CONDITIONS SHALL BE GIVEN BY SIGNING AT ALL THE PAGES OF THE SAME.
12.0 TENDER SUBMISSION:
12.1 ALL BIDS SHALL BE FURNISHED IN SEALED COVERS IN THREE PARTS AS INDICATED BELOW SUPERSCRIBING TENDER NOTICE NO. EXPT/2005-2006/PI/ NIT 08 DATED 21/11/05 FOR PIG IRON: JAN. 2006., PART-A, PART-B AND PART-C SEPARATELY ADDRESSED TO "CHIEF MANAGER (MKTG)-EXPORTS), MARKETING DEPARTMENT, VISAKHAPATNAM STEEL PLANT, D-BLOCK, VISAKHAPATNAM, ANDHRA PRADESH, INDIA, PIN-530031, PH: 91-891-2762249 FAX: 91-891-2518691".
PART A: EMD IN FIRST SEPARATE SEALED COVER SUPERSCRIBING EMD AS PER ANNEXURE -1.
PART B: TECHNO-COMMERCIAL TERMS IN SECOND SEPARATE SEALED COVER SUPERSCRIBING COMMERCIAL TERMS AND CONDITIONS AS PER ANNEXURE 2 CONTAINING SIGNED NIT TERMS AND STANDARD TERMS AND CONDITIONS VIDE REF. NO. VSP/EXPT/FOB DT.7TH MAY, 2003. AUTHORITY LETTER AS PER ANNEXURE 4, IF APPLICABLE, SHALL ALSO BE ENCLOSED.
PART C: PRICE BID IN THIRD SEALED COVER SUPERSCRIBING PRICE BID AS PER ANNEXURE - 3.
12.2 SEALED BIDS SHALL BE DROPPED INTO A TENDER BOX KEPT IN THE OFFICE OF AGM (MKTG)-EXPORTS BEFORE 15.00 HRS IST ON 13/12/2005.
12.3 BIDS RECEIVED BY FAX/E-MAIL OR LATE BIDS OR BIDS WITH INADEQUATE DETAILS WILL NOT BE CONSIDERED.
12.4 THE TECHNICAL BIDS (PART-A & PART-B) WILL BE OPENED AT 15.30 HRS IST ON 13/12/2005.
12.5 BIDS WITHOUT SUBMISSION OF EMD WILL NOT BE OPENED AND CONSIDERED FURTHER.
12.6 AFTER SCRUTINY OF THE TECHNO COMMERCIAL TERMS AND SEEKING CONFIRMATIONS FOR DELETING / WITHDRAWING DEVIATIONS, IF NECESSARY, PRICE BIDS OF BIDDERS WHOSE TECHNO-COMMERCIAL BIDS ARE ACCEPTABLE WILL ONLY BE OPENED AND CONSIDERED FURTHER.
12.7 THE PRICE BIDS (PART-C) WILL BE OPENED AT 15.30 HRS IST ON 16/12/2005.
12.8 WHEREVER A TENDERER IS PARTICIPATING IN THE CAPACITY OF AN AGENT, THE TENDERER ALONG WITH HIS TECHNO COMMERCIAL BID IN PART-B SHALL SUBMIT AN AUTHORIZATION LETTER FROM HIS PRINCIPALS (IN ORIGINAL) AS PER ANNEXURE-4. BIDS FROM AGENTS WITHOUT SUCH AUTHORIZATION LETTER FROM THEIR PRINCIPALS SHALL BE SUMMARILY REJECTED.
13.0 THE AWARDED MATERIAL MUST BE TAKEN ONLY TO THE COUNTRY/DESTINATION SPECIFIED IN THE CONTRACT. IF THE MATERIAL IS DIVERTED BY THE PARTY TO ANY DESTINATION OTHER THAN THAT SPECIFIED IN THE CONTRACT, VSP WILL SUSPEND BUSINESS WITH THE PARTY FOR ONE YEAR.
14.0 VSP RESERVES THE RIGHT TO CANCEL OR ACCEPT OR REJECT ANY OR ALL BIDS OR TO APPORTION THE QUANTITIES IN ANY FORM WITHOUT ASSIGNING ANY REASON AND THE DECISION OF VSP IN THIS REGARD WILL BE FINAL AND BINDING.
(SANJAY GARG)
CHIEF MANAGER (MKTG)-EXPORTS
PART A (EMD)
==================================================================
EMD SHALL BE SUBMITTED ALONG WITH THE BID OR BEFORE IN THE FORM OF D.D., B.G. OR BY T.T. REMITTANCE.
IF THE PAYMENT FOR EMD IS BY T.T., REMITTANCE IS TO BE MADE TO THE A/c OF SBI NEWYORK "UID CHIPS 03166, BENEFICIARY: SBI, STEEL PROJECT BRANCH, VISAKHAPATNAM, FOR: RASHTRIYA ISPAT NIGAM LTD, VISAKHAPATNAM STEEL PLANT"
IF THE PAYMENT FOR EMD IS BY BANK GUARANTEE, THE BANK GUARANTEE SHOULD BE STRICTLY AS PER FORMAT GIVEN BELOW.
*********
To
Rashtriya Ispat Nigam Limited
Visakhapatnam Steel Plant
Administrative Building
Visakhapatnam - 530 031.
INDIA.
Bank Guarantee No. Dated:
LETTER OF GUARANTEE
WHEREAS Rashtriya Ispat Nigam Ltd., Visakhapatnam Steel Plant (hereinafter referred to as RINL) have invited Tender vide Tender No. EXPT/2005-2006/PI/NIT08, DATED 21/11/2005 (hereinafter referred to as the said Invitation to Tender) for export of Pig Iron AND WHEREAS the said Invitation to Tender requires that any eligible tenderer wishing to make an offer in response thereto, shall establish an irrevocable EMD in favour of RINL in the form of Bank Guarantee, for a fixed amount of USD 80,000 or Rs.38.00 Lakhs for 25,000 MT of Pig Iron valid up to 13th June, 2006 as guarantee and that the tenderer:
a) shall keep his offer firm and valid for acceptance by RINL up to 20/12/2005 or as extended with mutual agreement between RINL and the tenderer.
b) shall in the event of the offer being accepted by RINL, establish a Letter of Credit in favour of RINL, in the form indicated in the said Invitation to Tender covering full value of the quantity of Pig Iron at the price and on the terms accepted by RINL, within 10 (TEN) international banking days from the date of the Acceptance to Tender.
c) shall further arrange to lift the confirmed quantities as per the Letter of Credit by the last date of shipment indicated in the Letter of Credit.
d) shall remit the despatch amounts payable, if any, within the time specified in the terms and conditions of contract.
AND WHEREAS
M/s (hereinafter referred to as the said Tenderer) wish to make an offer in response to the said Invitation to Tender for the purchase of Pig Iron on the basis of FOBST, Visakhapatnam.
NOW THIS BANK HEREBY GUARANTEES that in the event of the said Tenderer failing to abide by any of the conditions referred to in any of the preceding paragraphs, this Bank shall pay (through the ..Branch of this Bank at Visakhapatnam) to Rashtriya Ispat Nigam Ltd., Visakhapatnam Steel Plant, Visakhapatnam, INDIA on demand and without protest or demur US $ . (US Dollars ..) . This Bank further agrees that the decision of RINL as to whether the said Tenderer has committed a breach of any of the conditions referred to in the preceding paragraphs, shall be final and binding.
THIS BANK FURTHER undertakes that this Guarantee shall remain irrevocably valid and in force up to 13/06/2006.
For and on behalf of
Signature
(Name of the duly constituted attorney and Authorized signatory)
Designation:
Name and Address of the Bank
Annexure 2
PART B (TECHNICAL BID)
Product : Pig Iron
Grade : Basic Grade (Chemistry as per the NIT)
Destination : Any Country
Tendered Quantity (MT) : 25,000 MT (+/-10%)
Quoted Quantity (MT) : 25,000 MT (+/-10%)
==================================================================
Validity: Our offer is valid up to 20/12/2005.
We hereby confirm and declare that all the terms and conditions of Tender No. EXPT/2005-2006/PI/NIT 08, Dated 21/11/05 and Standard terms and conditions of VSP vide Ref No.VSP/EXPT/FOB dt.07.05.2003 are acceptable to us. Signed NIT terms and Standard Terms and Conditions are also enclosed.
Station : Signature of the Tenderer /
Date : Authorised Representative
Annexure - 3
PART C (PRICE BID)
PRICE (IN FIGURES): USD PMT FOB ST Port Visakhapatnam.
PRICE (IN WORDS): USD __________________PMT FOB ST PORT VISAKHAPATNAM.
(Quantity & other details shall be as per Technical Bids)
Station : Signature of the Tenderer /
Date : Authorized Representative
Annexure - 4
FORMAT FOR AUTHORISATION LETTER TO BE SUBMITTED BY PRINCIPALS ON LETTER HEAD (IN ORIGINAL) IN COMPLIANCE WITH CLAUSE NO.12.8 OF NIT TERMS OF TENDER NO.EXPT/2005-2006/PI/ NIT08, DATED 21/11/2005.
Ref . No.: Dated:
To
Assistant General Manager (Exports)
Marketing Department
Rashtriya Ispat Nigam Ltd. (VSP)
Visakhapatnam -530 031
Dear Sir,
Sub: Authorization to Agent for submission/participation in Tender Reg.
Ref: VSP Notice Inviting Tender No: EXPT/2005-2006/PI/NIT08 DT. 21/11/2005.
This is with reference to clause 12.8 of your Notice Inviting Tender (NIT) bearing No. : EXPT/2005-2006/PI/NIT08 Dt. 21/11/2005 for sale of Steel regarding authorization.
In this connection, we ___________ (name & Address) as Principal, hereby appoint/ authorize M/s ___________ (name & Address), as an Agency on behalf of us to quote/submit/participate in the above referred tender bearing No. EXPT/2005-2006/PI/NIT08, Dt. 21/11/2005. Further, our agent will enter/ sign the contract with VSP on acceptance of our tender. We hereby undertake that we as a Principal hold full responsibility for all acts/ deeds of M/s____________ in connection with this tender.
Thanking you.
Yours faithfully,
(Signed & seal of the Authorized signatory of the Principal)
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