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RASHTRIYA ISPAT NIGAM LIMITED

VISAKHAPATNAM STEEL PLANT

MARKETING DEPARTMENT

EXPORTS SECTION

SUB: NOTICE INVITING TENDER (N.I.T.) FOR EXPORT OF STEEL PRODUCTS FOR DELIVERY DURING JAN.’06-MAR.’06

RASHTRIYA ISPAT NIGAM LTD (RINL), VISAKHAPATNAM STEEL PLANT (VSP), INVITES SEALED OFFERS FOR EXPORT OF STEEL PRODUCTS FOR DELIVERY DURING JAN.’06 TO MAR.’06.

1.0       PRODUCT SPECIFICATIONS:

1.1       WIRE ROD COILS             

1.1.1     SIZES:   5.5, 6, 6.5, 7, 8, 10, 12, 12.7 MM

1.1.2        COIL WEIGHT : APPROX 1.2 MT

1.1.3    GRADES: SAE1008/1010/1012/1015/1018

1.1.4    COUNTRYWISE QUANTITIES:

1.2              REBARS (TMT) (Rib pattern as per Visakhapatnam Steel Plant Standard)    

1.2.1        SIZES: 16, 20, 25, 28, 32 & 36 MM

1.2.2        LENGTH: 12 mtrs (+/- 250 mm)

1.2.3    GRADES: IS 1786, FE 415, IS 1786 FE 500 AND BS 4449, GR 460

1.2.4    COUNTRYWISE QUANTITIES:

1.3       CHANNELS

1.3.1    SIZES: 100X50, 125X65, 150X75 MM

1.3.2    LENGTH: 12 mtrs (+/- 250 mm)

1.3.3    GRADE: IS 2062

1.3.4        COUNTRYWISE QUANTITIES:

1.4       ROUNDS   

1.4.1    SIZES: 16,20,25,28,32,36,40,50,56 & 63  MM

1.4.2    LENGTH: 12 mtrs (+/- 250 mm)

1.4.3    GRADE: IS 2062/SAE 1010/1015/1018

1.4.4    COUNTRYWISE QUANTITIES:

1.5       ROUND CORNER SQUARES (RCS)

1.5.1    SIZES: 65X65/75X75 MM

1.5.2    LENGTH: 12 mtrs (+/-250mm)

1.5.3    GRADES:  IS: 2830/SAE1018/3SP

      (IS: 2830 & 3SP with restriction on chemistry as given below)

1.5.4    COUNTRYWISE QUANTITIES:

1.6       CHANNELS, ROUNDS & RCS: NORMALLY CHANNELS, ROUNDS & RCS WILL BE SUPPLIED IN 12 MTR LENGTHS.  HOWEVER, FOR SPECIFIC REQUIREMENTS, CHANNELS, ROUNDS AND RCS CAN BE SUPPLIED IN 6 MTR LENGTHS WITH ONE END GAS CUT.   AN ADDITIONAL RATE USD 3 (THREE) PER MT WILL BE CHARGED EXTRA OVER AND ABOVE THE ACCEPTED PRICE FOR CUT LENGTH.

2.0       TENDERER IS TO QUOTE RATES FOR THE PRODUCTS/GRADES INDICATED IN PARA 1.0 ABOVE ONLY AND THE OFFERS WILL BE EVALUATED BASED ON THE RATES QUOTED FOR THE ABOVE PRODUCTS / GRADES INDICATED IN PARA 1.0 ABOVE AND H-1, H-2, H-3 ----------POSITIONS WILL BE ARRIVED AT ACCORDINGLY.  OFFERS RECEIVED FOR GRADES OTHER THAN FOR THE GRADES INDICATED IN PARA 1.0 ABOVE WILL NOT BE CONSIDERED

3.0       DELIVERY:

3.1       DELIVERY SCHEDULE: 16^th Jan.’06 to 15^th Mar.’06.  HOWEVER, RINL RESERVES THE RIGHT TO EXTEND THE DELIVERIES UP TO 31^st MARCH 2006, IF NEED BE.

3.2              DELIVERY BASIS: FOBST VISAKHAPATNAM PORT ON DIRECT EXPORT BASIS.

4.0       PAYMENT: BY CONFIRMED, ON SIGHT, IRREVOCABLE WITHOUT RECOURSE TO 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 FROM THE DATE OF SALE CONFIRMATION AS PER OUR TERMS AND CONDITIONS.  L/C SHALL INCLUDE RED CLAUSE.

5.0              VALIDITY: OFFERS SHALL BE VALID UPTO 22/12/2005.

6.0              INSPECTION: BY AN INDEPENDENT INSPECTION AGENCY AT SELLER’S COST.

7.0              EARNEST MONEY DEPOSIT (E M D): EMD SHALL BE PAID @ USD 4 PMT FOR THE QUANTITIES QUOTED IN THE TENDER.

7.1       MODE OF SUBMISSION OF EMD:

7.1.1   EMD SHALL BE SUBMITTED ALONG WITH THE BID OR BEFORE IN THE FORM OF

DEMAND DRAFT (DD), BANK GUARATEE (BG) OR  T.T. REMITTANCE. IN CASE OF DD, THE DD SHALL BE ISSUED IN THE NAME OF ‘RASHTRIYA ISPAT NIGAM LTD’, PAYABLE AT VISAKHAPATNAM.

7.1.2        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"

7.1.3        WHERE THE EMD IS SUBMITTED IN THE FORM OF BG, THE SAME SHALL BE AS PER THE ENCLOSED FORMAT WITH INITIAL VALIDITY UPTO 14^th JUNE, 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.

7.1.4        EMD WILL NOT BE ACCEPTED IN THE FORM OF CHEQUES AND THE BIDS SUBMITTED WITH THE CHEQUES TOWARDS EMD, WILL BE REJECTED.

7.1.5        CURRENCY OF EMD:  US DOLLARS OR INDIAN RUPEES.    CONVERSION RATE SHALL BE TAKEN AS RS.47 PER USD.

7.2      BIDS (INCLUDING THOSE FROM THE PSUs OF GOVT. OF INDIA)  WITHOUT EMD WILL BE OUTRIGHTLY REJECTED AND WILL NOT BE CONSIDERED / ACCEPTED.

7.3      EMD SHALL BE FORFEITED WITHOUT REFERENCE.  IF THE TENDERER/SUCCESSFUL TENDERER FAILS TO COMPLY WITH ANY OF THE FOLLOWING CONDITIONS :

7.3.1 TO  KEEP  THEIR OFFER FIRM AND VALID FOR ACCEPTANCE BY RINL UNTIL 1700

HRS IST ON 22/12/05 OR AS EXTENDED WITH MUTUAL AGREEMENT BETWEEN RINL AND THE TENDERER / SUCCESSFUL TENDERER.

7.3.2  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 STEEL AT THE PRICE AND ON THE TERMS ACCEPTED BY RINL, WITHIN 10 (TEN) INTERNATIONAL BANKING DAYS FROM THE DATE OF THE ACCEPTANCE OF TENDER/ISSUANCE OF CONTRACT.

7.3.3  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.

7.4      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 OPENED 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.07.05.2003, WHICH ARE AVAILABLE IN THESE WEB PAGES WHICH CAN ALSO BE ACCESSED BY CLICKING HERE: http://www.vizagsteel.com/code/exports/.asp

 10.0     IN CASE OF CONTRADICTION ON ANY ISSUE BETWEEN NIT AND VSP’S                    STANDARD TERMS AND CONDITIONS, THE PROVISIONS IN NIT WILL OVERRIDE VSP’S 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   INDICATING SIZE WISE BREAK UP AND DELIVERY REQUIREMENTS, ETC. 

 11.2  CONFIRMATION REGARDING ACCEPTANCE OF NIT AND VSP’S STANDARD TERMS AND CONDITIONS SHALL BE GIVEN BY SIGNING AT ALL 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/ST/ NIT 09 DT. 21/11/05 FOR STEEL : JAN.2006 – MAR.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. 7^TH 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 ACM (EXPT) BEFORE 15.00 HRS IST ON 14/12/2005.

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 WILL BE OPENED AT 15.30 HRS ON 14/12/2005.

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 WILL BE OPENED AT 15.30 HRS ON 17/12/2005.

12.8     WHEREVER A TENDERER IS PARTICIPATING IN THE CAPACITY OF AN AGENT, THE TENDERER ALONG WITH HIS TECHNICAL 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 RINL IN THIS REGARD WILL BE FINAL AND BINDING.

SANJAY GARG

CHIEF MANAGER (MKTG)-EXPORTS

Annexure - 1

PART – A (EMD)

 =====================================================================

APPLICABLE UNIT EMD RATES SHALL BE USD 4 PMT (INCASE EMD IS SUBMITTED IN INDIAN RUPEES, THE CONVERSION RATE SHALL BE TAKEN AS RS.47 PER USD).

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.

*********

  PROFORMA OF BANK GUARANTEE

To

Rashtriya Ispat Nigam Limited

Visakhapatnam Steel Plant

Admn 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/ST/ NIT09, DATED 21/11/05 (hereinafter referred to as the said Invitation to Tender) for export of steel products 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 an amount of USD …………… valid up to 14th June, 2006 as guarantee, that the tenderer:

a)      shall keep his offer firm and valid for acceptance by RINL until 1700 hrs IST on 22/12/05 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 steel products 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 Steel Products 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 14^th June, 2006.

 For and on behalf of

 Signature

(Name of the duly constituted attorney and

Authorized signatory)

Designation:

Name and Address of the Bank

 Validity: Our offer is valid till 22/12/2005.

 We hereby confirm and declare that all the terms and conditions of Tender No. EXPT/2005-2006/ST/NIT 09, 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 & Conditions are enclosed.

 Station  :                                                                                                     Signature of the Tenderer /

Date     :                                                                                                     Authorised Representative

Annexure - 3

Note: Quality, Quantity & Size shall be as per Technical Bid.

Station  :                                                                                                     Signature of the Tenderer /

Date     :                                                                                                     Authorised 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/ST/NIT 09   DT. 21/11/05     

Ref.  No.:                                                                                                              Date: 

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/ST/NIT 09 Dt. 21/11/05.

This is with reference to clause no.12.8 of your Notice Inviting Tender (NIT) bearing No. : EXPT/2005-2006/ST/NIT 09 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/ST/NIT 09 Dt. 21/11/05.   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.

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