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Auction Details
Auction No MSTC/ERO/Central Inland Water Transport Corporation Ltd./6/Kolkata/09-10/5731
Opening Date Time 2010-01-20::11:00:00
Closing Date & Time 2010-01-20::15:30:00
Inspection From Date 2009-12-11
Inspection Closing Date 2009-12-21

Seller Details
Seller /Company Name Central Inland Water Transport Corporation Ltd.
Location Kolkata
Street 4 Fairlie Place, 3rd Floor,
City Kolkata-700001
Country INDIA
Telephone 03322109247,03324396043,03322305182
Fax 03322436164,03324396918
Email ciwtc@cal3.vsnl.net.in
Contact Person Shri Himadri Dutta

Lot No Lot Description Quantity & UOM ED/(ST/VAT) Location
37 PUSHER TUG (Lot No. 37) : P.T. Kannauj; Dimension (LXBXD) in Mtrs.: 28.50x7.60x2.50; Loaded Draft GRT: 1.72 M 214 MT; Main Engine Make & Type: GRSE R 8V 16/18 TLS; Gear Box Make & Type: KPC MGP 1000-20; Aux. Engine Make & Type: Ashok Leyland ALU 470; Year of Built: 1985; Type of Propulsion: Twin Screw; Total Power (BHP): 1236; Bollard Pull ( T ): 12; Depreciated Present Market Value of Asset (Rs. Lakhs): 169.33; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 8.47; Earnest Money Deposit (EMD) (Rs. Lakhs): 8.47; Last date / year of 4 yearly Dry Dock Survey done: 1996; Date of expiry of Survey Certificate: 06.10.1998 1.0 NO As Applicable / As Applicable West Bengal
38 PUSHER TUG (Lot No. 38) : P.T. Tanjore; Dimension (LXBXD) in Mtrs.: 28.50x7.60x2.50; Loaded Draft GRT: 1.72 M 214 MT; Main Engine Make & Type: CUMMINS KTA 1150 M; Gear Box Make & Type: KPC MGP 1000-20; Aux. Engine Make & Type: Ashok Leyland ALU 470; Year of Built: 1985; Type of Propulsion: Twin Screw; Total Power (BHP): 1236; Bollard Pull ( T ): 12; Depreciated Present Market Value of Asset (Rs. Lakhs): 169.33; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 8.47; Earnest Money Deposit (EMD) (Rs. Lakhs): 8.47; Last date / year of 4 yearly Dry Dock Survey done: 1991; Date of expiry of Survey Certificate: 03.05.1994 1.0 NO As Applicable / As Applicable West Bengal
39 PUSHER TUG (Lot No. 39) : P.T. Saranath; Dimension (LXBXD) in Mtrs.: 28.50x7.92x2.50; Loaded Draft GRT: 1.66 M 219 MT; Main Engine Make & Type: YANMAR S 185 T; Gear Box Make & Type: YANMAR Marin Gear  Y450; Aux. Engine Make & Type: YANMAR 6-CHN-N; Year of Built: 1983; Type of Propulsion: Twin Screw; Total Power (BHP): 950; Bollard Pull ( T ): 13; Depreciated Present Market Value of Asset (Rs. Lakhs): 127.00; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 6.35; Earnest Money Deposit (EMD) (Rs. Lakhs): 6.35; Last date / year of 4 yearly Dry Dock Survey done: Docked 2006. Only under water machinery works completed; Date of expiry of Survey Certificate: 15.09.1997 1.0 NO As Applicable / As Applicable West Bengal
40 PUSHER TUG (Lot No. 40) : P.T. Kakdwip; Dimension (LXBXD) in Mtrs.: 28.50x7.60x2.50; Loaded Draft GRT: 1.72 M 214 MT; Main Engine Make & Type: GRSE R 8V 16/18 TLS; Gear Box Make & Type: KPC MGP 1000-20; Aux. Engine Make & Type: Ashok Leyland ALU 470; Year of Built: 1985; Type of Propulsion: Twin Screw; Total Power (BHP): 1236; Bollard Pull ( T ): 12; Depreciated Present Market Value of Asset (Rs. Lakhs): 169.33; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 8.47; Earnest Money Deposit (EMD) (Rs. Lakhs): 8.47; 1.0 NO As Applicable / As Applicable West Bengal
41 PUSHER TUG (Lot No. 41) : P.T. Koshal; Dimension (LXBXD) in Mtrs.: 28.50x7.60x2.50; Loaded Draft GRT: 1.72 M 214 MT; Main Engine Make & Type: GRSE R 8V 16/18 TLS; Gear Box Make & Type: KPC MGP 1000-20; Aux. Engine Make & Type: Ashok Leyland ALU 470; Year of Built: 1985; Type of Propulsion: Twin Screw; Total Power (BHP): 1236; Bollard Pull ( T ): 12; Depreciated Present Market Value of Asset (Rs. Lakhs): 169.33; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 8.47; Earnest Money Deposit (EMD) (Rs. Lakhs): 8.47; Last date / year of 4 yearly Dry Dock Survey done: 1999; Date of expiry of Survey Certificate: 31.03.1992 1.0 NO As Applicable / As Applicable West Bengal
42 PUSHER TUG (Lot No. 42) : P.T. Tiruchi; Dimension (LXBXD) in Mtrs.: 27.50x7.50x2.60; Loaded Draft GRT: 1.70 M 228 MT; Main Engine Make & Type: CUMMINS KTA 1150 M; Gear Box Make & Type: KPC MGP 700-20; Aux. Engine Make & Type: Ashok Leyland ALU 470; Year of Built: 1995; Type of Propulsion: Twin Screw; Total Power (BHP): 940; Bollard Pull ( T ): 12; Depreciated Present Market Value of Asset (Rs. Lakhs): 381.00; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 19.05; Earnest Money Deposit (EMD) (Rs. Lakhs): 19.05; Last date / year of 4 yearly Dry Dock Survey done: 26.11.97; Date of expiry of Survey Certificate: 16.03.2004 1.0 NO As Applicable / As Applicable West Bengal
43 PUSHER TUG (Lot No. 43) : P.T. Anantapur; Dimension (LXBXD) in Mtrs.: 27.50x7.50x2.60; Loaded Draft GRT: 1.70 M 208 MT; Main Engine Make & Type: CUMMINS KTA 1150 M; Gear Box Make & Type: Twin Disc MG-518-1; Aux. Engine Make & Type: RUSTON 4Y DAX; Year of Built: 1992; Type of Propulsion: Twin Screw; Total Power (BHP): 940; Bollard Pull ( T ): 12; Depreciated Present Market Value of Asset (Rs. Lakhs): 296.33; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 14.82; Earnest Money Deposit (EMD) (Rs. Lakhs): 14.82; Last date / year of 4 yearly Dry Dock Survey done: 03.05.1992; Date of expiry of Survey Certificate: 31.03.2006 1.0 NO As Applicable / As Applicable West Bengal
44 PUSHER TUG (Lot No. 44) : P.T. Mathura; Dimension (LXBXD) in Mtrs.: 27.50x7.50x2.60; Loaded Draft GRT: 1.70 M 208 MT; Main Engine Make & Type: CUMMINS KTA 1150 M; Gear Box Make & Type: KPC MGP 700-20; Aux. Engine Make & Type: RUSTON 4Y DAX; Year of Built: 1993; Type of Propulsion: Twin Screw; Total Power (BHP): 940; Bollard Pull ( T ): 12; Depreciated Present Market Value of Asset (Rs. Lakhs): 317.50; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 15.88; Earnest Money Deposit (EMD) (Rs. Lakhs): 15.88; Last date / year of 4 yearly Dry Dock Survey done: 18.06.2004; Date of expiry of Survey Certificate: 08.06.2006 1.0 NO As Applicable / As Applicable West Bengal
45 PUSHER TUG (Lot No. 45) : P.T. Shibsagar; Dimension (LXBXD) in Mtrs.: 28.50x7.92x2.50; Loaded Draft GRT: 1.66 M 219 MT; Main Engine Make & Type: YANMAR S 185 T; Gear Box Make & Type: YANMAR Marin Gear  Y450; Aux. Engine Make & Type: YANMAR 6-CHN-N; Year of Built: 1983; Type of Propulsion: Twin Screw; Total Power (BHP): 950; Bollard Pull ( T ): 13; Depreciated Present Market Value of Asset (Rs. Lakhs): 105.83; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 5.29; Earnest Money Deposit (EMD) (Rs. Lakhs): 5.29; Last date / year of 4 yearly Dry Dock Survey done: 17.10.1994; Date of expiry of Survey Certificate: 25.01.2006 1.0 NO As Applicable / As Applicable West Bengal
46 SELF PROPELLED CARRIER (Lot No. 46) : M.V. Pragati; GRT: 512.31; Dimension (LXBXD) in Mtrs.: 49.12x8.75x2.55; Loaded Draft: 1.85 M; Main Engine Make & Type: Cummins NHRS-6-M; Gear Box Make & Type: KPC MG 512; Aux. Engine Make & Type: KOEL RB 33 M; Year of Built: 1979; Carrying Capacity (DWT): 400 MT; Type of Propulsion: Twin Screw; Total Power (BHP): 436; Depreciated Present Market Value of Asset (Rs. Lakhs): 34.67; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 1.73; Earnest Money Deposit (EMD) (Rs. Lakhs): 1.73; Last date / year of 4 yearly Dry Dock Survey done: 2003; Date of expiry of Survey Certificate: 01.07.1992 1.0 NO As Applicable / As Applicable West Bengal
47 SELF PROPELLED CARRIER (Lot No. 47) : M.V. Rajanikanta; GRT: 582; Dimension (LXBXD) in Mtrs.: 55.00x10.00x2.55; Loaded Draft: 1.85 M; Main Engine Make & Type: MWM IBD 232 V12; Gear Box Make & Type: David Brown  MH-1250; Aux. Engine Make & Type: KOEL RB 33 M; Year of Built: 1991; Carrying Capacity (DWT): 600 MT; Type of Propulsion: Twin Screw; Total Power (BHP): 620; Depreciated Present Market Value of Asset (Rs. Lakhs): 242.67; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 12.13; Earnest Money Deposit (EMD) (Rs. Lakhs): 12.13; Last date / year of 4 yearly Dry Dock Survey done: 19.03.1996; Date of expiry of Survey Certificate: 09.08.2005 1.0 NO As Applicable / As Applicable West Bengal
48 SELF PROPELLED CARRIER (Lot No. 48) : M.V. Subhas; GRT: 623.60; Dimension (LXBXD) in Mtrs.: 56.60x10.00x3.00; Loaded Draft: 1.85 M; Main Engine Make & Type: KOEL W6V BSM; Gear Box Make & Type: KPC MGP 305-10; Aux. Engine Make & Type: KOEL RB 33 M; Year of Built: 1984; Carrying Capacity (DWT): 600 MT; Type of Propulsion: Twin Screw; Total Power (BHP): 600; Depreciated Present Market Value of Asset (Rs. Lakhs): 121.33; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 6.07; Earnest Money Deposit (EMD) (Rs. Lakhs): 6.07; Last date / year of 4 yearly Dry Dock Survey done: 19.03.1999; Date of expiry of Survey Certificate: 31.01.2004 1.0 NO As Applicable / As Applicable West Bengal
49 SELF PROPELLED CARRIER (Lot No. 49) : M.V. Atulprasad; GRT: 582; Dimension (LXBXD) in Mtrs.: 55.00x10.00x3.00; Loaded Draft: 1.85 M; Main Engine Make & Type: MWM IBD 232 V12; Gear Box Make & Type: David Brown  MH-1250; Aux. Engine Make & Type: KOEL RB 33 M; Year of Built: 1989; Carrying Capacity (DWT): 600 MT; Type of Propulsion: Twin Screw; Total Power (BHP): 620; Depreciated Present Market Value of Asset (Rs. Lakhs): 208.00; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 10.40; Earnest Money Deposit (EMD) (Rs. Lakhs): 10.40; Last date / year of 4 yearly Dry Dock Survey done: 10.10.1996; Date of expiry of Survey Certificate: 21.02.2004 1.0 NO As Applicable / As Applicable West Bengal
50 SELF PROPELLED CARRIER (Lot No. 50) : M.V. Tansen; GRT: 582; Dimension (LXBXD) in Mtrs.: 55.00x10.00x3.00; Loaded Draft: 1.85 M; Main Engine Make & Type: MWM IBD 232 V12; Gear Box Make & Type: David Brown  MH-1250; Aux. Engine Make & Type: KOEL RB 33 M; Year of Built: 1990; Carrying Capacity (DWT): 600 MT; Type of Propulsion: Twin Screw; Total Power (BHP): 620; Depreciated Present Market Value of Asset (Rs. Lakhs): 225.33; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 11.27; Earnest Money Deposit (EMD) (Rs. Lakhs): 11.27; Last date / year of 4 yearly Dry Dock Survey done: 1997; Date of expiry of Survey Certificate: 30.07.2003 1.0 NO As Applicable / As Applicable West Bengal
51 SELF PROPELLED CARRIER (Lot No. 51) : M.V. Dwijendralal; GRT: 582; Dimension (LXBXD) in Mtrs.: 55.00x10.00x2.55; Loaded Draft: 1.85 M; Main Engine Make & Type: MWM IBD 232 V12; Gear Box Make & Type: David Brown  MH-1250; Aux. Engine Make & Type: KOEL RB 33 M; Year of Built: 1991; Carrying Capacity (DWT): 600 MT; Type of Propulsion: Twin Screw; Total Power (BHP): 620; Depreciated Present Market Value of Asset (Rs. Lakhs): 242.67; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 12.13; Earnest Money Deposit (EMD) (Rs. Lakhs): 12.13; Last date / year of 4 yearly Dry Dock Survey done: 1994; Date of expiry of Survey Certificate: 15.01.1999 1.0 NO As Applicable / As Applicable West Bengal
52 SELF PROPELLED CARRIER (Lot No. 52) : M.V. Nazrul; GRT: 750; Dimension (LXBXD) in Mtrs.: 56.05x10.15x3.00; Loaded Draft: 1.85 M; Main Engine Make & Type: KOEL W6V BSM; Gear Box Make & Type: KPC MGP 305-10; Aux. Engine Make & Type: KOEL RB 33 M; Year of Built: 1983; Carrying Capacity (DWT): 600 MT; Type of Propulsion: Twin Screw; Total Power (BHP): 600; Depreciated Present Market Value of Asset (Rs. Lakhs): 104.00; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 5.20; Earnest Money Deposit (EMD) (Rs. Lakhs): 5.20; Last date / year of 4 yearly Dry Dock Survey done: 01.12.96; Date of expiry of Survey Certificate: 30.06.1997 1.0 NO As Applicable / As Applicable West Bengal
53 SELF PROPELLED CARRIER (Lot No. 53) : M.V. Ranapratap; GRT: 594; Dimension (LXBXD) in Mtrs.: 55.00X10.45X3.00; Loaded Draft: 1.85 M; Main Engine Make & Type: MWM IBD 232 V12; Gear Box Make & Type: David Brown  MH-1250; Aux. Engine Make & Type: KOEL RB 33 M; Year of Built: 1989; Carrying Capacity (DWT): 600 MT; Type of Propulsion: Twin Screw; Total Power (BHP): 620; Depreciated Present Market Value of Asset (Rs. Lakhs): 190.67; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 9.53; Earnest Money Deposit (EMD) (Rs. Lakhs): 9.53; Last date / year of 4 yearly Dry Dock Survey done: 01.01.1996; Date of expiry of Survey Certificate: 28.06.1999 1.0 NO As Applicable / As Applicable West Bengal
54 SELF PROPELLED CARRIER (Lot No. 54) : M.V. Jawahar; GRT: 623.60; Dimension (LXBXD) in Mtrs.: 56.60X10.00X3.00; Loaded Draft: 1.85 M; Main Engine Make & Type: KOEL W6V BSM; Gear Box Make & Type: KPC MGP 305-10; Aux. Engine Make & Type: KOEL RB 33 M; Year of Built: 1984; Carrying Capacity (DWT): 600 MT; Type of Propulsion: Twin Screw; Total Power (BHP): 600; Depreciated Present Market Value of Asset (Rs. Lakhs): 104.00; Security Deposit in form of Bank Guarantee (Rs. Lakhs): 5.20; Earnest Money Deposit (EMD) (Rs. Lakhs): 5.20; Last date / year of 4 yearly Dry Dock Survey done: 13.06.1988; Date of expiry of Survey Certificate: 31.03.1998 1.0 NO As Applicable / As Applicable West Bengal
 
Special Terms and Conditions

CLICK FOR ANNEXURE

E-AUCTION CATALOGUE

E-AUCTION FOR DRY CHARTER WITHOUT MANNING OF 9 (Nine) NOS. PUSHER TUGS AND 9 (Nine) Nos. SELF PROPELLED CARRIER OF M/S. CENTRAL INLAND WATER TRANSPORT CORPORATION LIMITED ON ~AS-IS-WHERE-IS~ BASIS FOR A PERIOD OF 5 YEARS EXTENDABLE BY ANOTHER 3 YEARS.

TECHNICAL AND COMMERCIAL BID INSTRUCTION TO BIDDERS

INTRODUCTION

Central Inland Water Transport Corporation Ltd. is interested in offering 9 Nos. Pusher Tugs and 9 Nos. Self Propelled Carrier, on ~as is where is~ basis in and around Kolkata, Hooghly & Tribeni for dry charter without manning for a period of 5 (five) years extendable for another period of 3 (three) years with an increase of 10% on monthly contractual charter hire charges for the extended period. During the period of dry charter, successful charterer(s) will have to operate and maintain the vessel(s) with their own manning. All statutory repairs / survey repairs / routine repairs / day to day running maintenance of the chartered vessels are required to be carried out by the successful charterer(s) at their own cost and responsibility irrespective of whether the vessels are in operation or not. The details of initial dry dock repair of 18 vessels are enclosed separately. In this regard, successful bidder has to furnish purchase details of the items which will be replaced by new one for making the vessel fit at their own cost for operation to the Corporation for record.

Terms and conditions

i. Definition of Corporation:- The "Corporation" means Central Inland Water Transport Corporation Limited (A Government of India Undertaking), Kolkata and its heirs, assigns and administrators etc. unless otherwise specifically expunged in writing.

ii. Definition of Charterer:- The 'Charterer' means the successful bidder meeting the requirement of the E-Auction and its heirs, assigns and administrators etc., unless otherwise specifically expunged in writing.

iii. Terms of Charter:- Dry charter without manning of 9 Nos. Pusher Tugs and 9 Nos. Self Propelled Carrier from bona fide firms fulfilling the Eligibility Criteria as enumerated hereunder and also having valid Trade Licence and proof of submission of Return of I.T and P.F. for last 3 years.

Date and time of pre-bid meeting :

24.12.2009 at 11.00 Hrs. in the Board Room of CIWTC LTD., 4, Fairlie Place, 3rd Floor, Kolkata-700 001.

Last date of submission of Techno - Commercial Bid of E-Auction :

04.01.2010 upto 14.00 Hrs. at the Office of M/s. MSTC Ltd., 225F, A. J. C. Bose Road, Kolkata - 700 020.

Date and time of commencement of E-Auction Price Bid :

20.01.2010 from 11.00 Hrs. to 15.30 Hrs. for 18 Vessels.

The bidders will be intimated through e-mail given during buyer registration prior to 2 days of the e-Auction regarding their eligibility or non eligibility of bidding. For any doubts the bidder may contact Mr. N. P. Haldar, Sr. Manager, MSTC Ltd. (Phone No.: (033) 2281-2877. However CIWTC reserves the right to accept/ reject any Techno-Commercial Bid with/ without assigning any reason and no complaint whatsoever in this regard will be entertained.

ELIGIBILITY CRITERIA

The intending bidders must fulfill the pre-qualification criteria detailed as per Annexure I.

MODE OF SUBMISSION OF TECHNO-COMMERCIAL BID

The mode of submission of Tecno-Commercial Bid is detailed as per Annexure II.

BIDDING PROCEDURE / PRICE OFFER

The Bidding Procedure vis-a-vis Price Offer is detailed as per Annexure III.

Month

A calendar Month or part thereof as per English Calendar.

Modality of Return of the Vessel(s)

After joint inspection, checking and listing the inventory jointly by the charterer and CIWTC in presence of an independent surveyor as indicated herein, vessel(s) will be taken over by CIWTC at Kolkata by signing the Protocol of return of the vessel(s). Protocol of handing over will be the reference point at the time of return of the vessels. The vessels will be handed over in the same condition as it was on the date of handing over of the vessels.

Period of Charter

The period of charter of a particular vessel shall be reckoned from the date of signing of the Protocol of handing over of the vessel(s) on ~as is where is~ basis. The vessel(s) shall be treated to remain under charter from the date of signing of Protocol of handing over till the date of return of the vessel(s) to CIWTC Ltd. through signing of Protocol of return of the vessel(s). However, the duration of initial repair as stipulated for that type of each vessel will not be counted in determining the charter hire period and as such there will be no charter hire charge for such period. However, the repair period must be included in the Bank Guarantee as Security Deposit.

During the course of initial charter period of 5 years or during the extended period of 3 years, of the vessel again necessitates the 4 yearly statutory Dry Dock Survey Repairs then a period of not exceeding 2 (two) months in respect of each type of vessel will be granted for such repairs and the charter hire charges will not be leviable for such period. Also, this period of 2 (two) months will not be counted in determining the charter hire period.

Tenure of Agreement

The tenure of Agreement will be for 60 (sixty) months from the date of signing of Protocol of handing over the vessel(s) and the agreement shall automatically terminate immediately upon expiry of its tenure. However, the contract can be terminated prior to completion of 60 (sixty) month's period as per the terms of the Agreement, subject to handing over of the vessels(s) by the charterer to the Corporation by signing the Protocol of return. However, with mutual consent of both the parties the period of charter may be extended suitably subject to extension of validity of existing BG / submission of fresh BG, but not exceeding 36 months. For this purpose a notice will have to be given by the Charterer to the Corporation at least 3 (three) months prior to expiry of the original period of charter. If the Corporation agrees to such extension of the period of charter hiring of the vessel beyond 5 (five) years then the contractual hire charges will be increased by flat 10% for the extended period only. Mere sending of a notice to CIWTC by the charterer as above will not entail any right whatsoever on the charterer to get such an extension and in all such cases, the decision of CIWTC shall be final and conclusive in the matter, therefore binding. This is exclusive of the allowable statutory dry dock repair period(s) in respect of each vessel.

The intending bidders will have to inspect the vessel(s) at their aforesaid respective location offered for charter hire by the Corporation and will have to arrange repair of such vessel(s) as may be necessary to make the same fully operational, at the bidder's own cost and facility and submit their bids accordingly.

Security Deposit

The successful bidder shall submit an irrevocable Bank Guarantee, as per prescribed proforma in ANNEXURE IV of CIWTC, in favour of the Corporation for the fixed amount indicated below towards Security Deposit for each Vessel(s) and the said Bank Guarantee(s) will remain valid till 3 (three) months after return of the vessel(s) by the charterer to CIWTC. The said Bank Guarantee with initial validity of 5 (five) years plus maximum repair period, which is 4 months for Tugs, SPCs and Dumb Barges with a further claim period of 3 (three) months is to be submitted to the Corporation after issuance of the Letter of Intent to the successful bidders but at least 7 days prior to handing over of the vessel. After submission of such Bank Guarantee the Earnest Money deposit will be refunded to the successful bidders within next one month.

The charterer will have to arrange for revalidation / extension of the bank guarantee as and when required so, by CIWTC. If the Charterer fails to observe any of the terms and conditions of the agreement for dry charter of CIWTC's vessel (s), CIWTC will be at liberty to forfeit the security deposit by encashment of the bank guarantee in full or part, at its sole discretion and without making any reference to the charterer. The approved proforma for bank guarantee towards security deposit is enclosed as Annexure - II hereto.

Hire Charges

The charges for charter hire of each vessel shall be calculated on monthly basis i.e. on Dry Charter basis. However, at the time of handing over to charterer(s) and taking over of the vessel back to the Corporation, if the number of days of charter in a calendar month is less than 10 (ten) days, the hire charges will be paid for 10 (ten) days calculated on pro-rata basis. In case the number of days of charter in a calendar month exceeds more than 10 (ten) days but less than 20 (twenty) days, the hire charges for 20 (twenty) days will be payable by the charterer. Similarly, in case the number of days of charter in a calendar month exceeds more than 20 (twenty) days but less than 30 (thirty) days, the hire charges for the full month will be payable by the charterer. Post dated cheques payable at Kolkata are to be submitted by the charterer for the entire period of the agreement before handing over the vessel to the charterer.

Termination of Contract

The Agreement shall automatically terminate on expiry of its tenure as mentioned in Clause-8 above. However, in case of any failure on the part of the charterer or the corporation to abide by any of the terms and conditions of the Agreement or otherwise, both the parties will be at liberty to terminate the Agreement by giving 3 (three) months notice in writing to either party. Furthermore, in cases where the Corporation has determined that the Charterer has not abided by the terms and conditions of the Agreement which, inter alia, include dishonour of post dated cheque(s) (PDCs) and any further continuation of the agreement would be detrimental to the interest of the Corporation, the Corporation shall be entitled to terminate the Agreement by giving one month's Notice in writing for remedial action to the Charterer failing which agreement for charter hire will stand terminated automatically on expiry of the one month's notice period and the vessel(s) will be returned by the charterer at Kolkata to CIWTC forthwith.

Early / Pre-determination of Termination of Contract

Contract can be terminated early or pre-determine termination for any event or circumstances excepting Force Majeure events when and whatever deem fit or on combination of event and circumstances which materially and adversely affect the Corporation as mentioned below : -

i) Event of Default

Upon the occurrence of event of default by the successful bidder the Corporation shall without prejudice to any other rights and remedies available to it under this agreement / contract are entitled to terminate the agreement / contract even before the expiry of the period of the said contract.

ii) Condition of surrender of vessel

Successful Bidders may require to hand over the vessels with all improvement / repairing / change and equipment etc. to the Corporation as per condition of the agreement / contract in good order and condition less normal were and tear.

In case of any order for acquisition of vessels as may be issued by the Central or State Government(s) for national requirement of emergent nature or otherwise, the Corporation shall take possession of the vessel(s) forthwith without giving any notice to the charterer. However, on completion of such national requirement, the vessel(s) will again be handed over by the Corporation to the Charterer for the remaining period of the term of the agreement. The period for which the vessel will be withdrawn on such an eventuality including the time required for taking over / handing over will not be counted towards the term of the agreement. In addition, a mobilization / demobilization period of total two weeks will be allowed without charging the charter hire rate.

(a) After issue of the Letter of Intent by the Corporation accepting the offer of the successful bidder(s) / charterer(s) for charter hire of the vessel(s) and after submission of the Bank Guarantee towards Security Deposit by the successful bidder(s) / charterer(s) but prior to signing of the protocol of handing over of the vessels, the vessel(s) will be jointly inspected by the authorized representatives of the successful charterer(s) and the Corporation alongwith the approved and independent Marine / Ship Surveyor for determining the physical condition(s) of the vessel including structural / mechanical / electrical / electronics/ outfitting and other appurtenance including on board stores and spares and stock of POL, if any, expenditure for such 'hire-on' inspection shall be borne by the concerned successful bidder(s) / charterer(s) and general condition of the vessel will be recorded under joint signatures of the accredited representatives of both the parties. Also a detailed list of inventories will be jointly prepared. The same will be the basic reference while return of the vessels.

(b) Similarly, on completion of the contractual period of charter hire or earlier determination of the agreement if any, prior to taking over of the vessel(s) by CIWTC, vessel(s) will be jointly inspected by the charterer and the Corporation along with the approved and independent Marine / Ship Surveyor for determining the physical condition(s) of the vessel(s) including structural / mechanical / electrical / electronics/ out fitting and other appurtenance including on board stores and spares and stock of POL, if any, expenditure for such 'hire-off' inspection shall be borne by the Corporation and general condition of the vessel will be recorded under joint signatures as above with reference to the Survey reference during 'hire on' inspection. Also the list of inventories will be matched during taking over the vessels by CIWTC.

The charterer will allow the Corporation and extend all facility to the Corporation to carry out periodical joint inspection of the vessel(s) on every six monthly basis and such inspection will be carried out by the authorized representative of charterer(s) and the Corporation for determining the physical condition of the vessel(s). Furthermore, the Corporation shall reserve the right to inspect any vessel at any time including the period of docking survey / initial / Docking repair at any place and the charterer will be bound to extend all his cooperation to the Corporation for this purpose.

INSURANCE

Detailed as per Annexure V.

Earnest Money (Interest free)

The bidder(s) will have to submit the Earnest Money Deposit (EMD) as mentioned in the lot description for each vessel along with their Techno-Commercial bids.

The EMD will have to be submitted in the form of Bankers Cheque / Demand Draft drawn in favour of Central Inland Water Transport Corporation Ltd., payable at Kolkata. The EMD will be refunded without any interest to the successful bidder after submission of Security Deposit and Insurance Policy as mentioned at Clauses 10 & 16 above. For the unsuccessful bidder, the EMD will be refunded without any interest within one month from the date of completion of E-AUCTION.

Statutes, Maintenance and Operation of the vessel(s)

Detailed as per Annexure VI.

Subletting, Return of Vessels & Others

Detailed as per Annexure VII

Force Majeure

Detailed as per Annexure VIII.

Type of Bidder

All bidders who will participate in the E-AUCTION should be Indian company with their registered office in India. However, a foreign company with its permanent office in India may also be allowed to participate in the bidding process. However, in any case vessels should be plied on Indian water and routes under the Indo-Bangladesh Protocol.

Arbitration

In the event of any dispute arising between the Charterer and the Corporation in connection with or arising out of the Agreement between the parties, the same shall be referred to Arbitration as per the Arbitration and Conciliation Act, 1996 as amended upto date for adjudication of the disputes. The award of the Arbitrator(s) shall be final and binding on both the parties including any notification or alteration. The arbitration shall be held in the city of Kolkata under the jurisdiction of Kolkata High Court.

Jurisdiction

All disputes in connection with and arising out of the agreement between the parties shall be resolved within the jurisdiction of the Honble High Court at Kolkata. Both the Charterer and the Corporation shall give a specific confirmation to this effect in the written agreement to be signed between the parties.

Signing of the Agreement

The successful Charterer(s) will have to enter into a written agreement with the Corporation on a non-judicial stamp paper of appropriate value, incorporating all the above terms and conditions of charter, the monthly hire charges agreed upon Running repair and maintenance schedule as per Annexure and such other terms and conditions as may be discussed and settled mutually. The Protocol of handing over will be signed and physical possession of the vessel (s) will be given to the Charterer after signing of this Agreement and also after submission of the Bank Guarantee towards Security Deposit and insurance as stated above.

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