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[Ennore Port Limited] .Epl/Op/Ele/Qtn 07/2013

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[Ennore Port Limited] .Epl/Op/Ele/Qtn 07/2013 KAMARAJAR PORT LIMITED [A Mini Ratna Government of India Undertaking] Registered Office: “Jawahar Buildings” 17,Rajaji Salai, Chennai 600 001. Port Office: Vallur (Post), Near NCTPS, Chennai 600 120. Tender No.: KPL/FIN/INS/2019 Tender for PORT PACKAGE INSURANCE OF KAMARAJAR PORT LIMITED DueDate of Submission: 15.00hrs. on 02.12.2019 Date & Time of opening: 15.30hrs. on 02.12.2019 KAMARAJAR PORT LIMITED KPL/INS/FIN/2019 KAMARAJAR PORT LIMITED “Limited Tender for “Port Package Insurance of Kamarajar Port” Information to the bidders SL.NO DETAILS DESCRIPTION 1 Name of the Work Limited Tender for “Port Package Insurance of Kamarajar Port”. 2 Last Date of Submission of Quotation On or Before 15 00 hrs. on 02.12.2019 3 Place of Submission of The General Manager (Fin) Quotation Kamarajar Port Limited, “Jawahar Buildings” 17, Rajaji Salai, Chennai 600 001. 4 Date of Opening Techno Commercial & Price Bid - 02.12.2019 at 15 30hrs. General Manager (Fin) Kamarajar Port Limited Port Package Insurance for Assets of Kamarajar Port Page 2 of 12 KAMARAJAR PORT LIMITED KPL/INS/FIN/2019 NOTICE INVITING LIMITED TENDER Limited Tenders are invited in from the Public Sector Insurance Companies for “Port Package Insurance ofKamarajar Port”. 1. United India Insurance Company Limited. 2. The New India Assurance Company. Limited, 3. National Insurance Company Limited 4. The Oriental Insurance Company Limited For more details visit Port Website: www.kamarajarport.in or contact General Manager (Fin) @ [email protected], Telephone No. 044-25243216 Note: - The above said Insurance companies can only be participated in this tender. Port Package Insurance for Assets of Kamarajar Port Page 3 of 12 KAMARAJAR PORT LIMITED KPL/INS/FIN/2019 1. TENDER NOTICE TENDER NO. KPL/INS/FIN /2019 NOTICE INVITING LIMITED TENDER FOR “Port Package Insurance of Kamarajar Port”. 1.1 OBJECTIVE Kamarajar Port Limited invites Sealed Limited Tenders in Two cover system from the Public Sector Insurance Companies for “Port Package Insurance Coverage of Kamarajar Port”. 1.2 VALIDITY The tender shall be valid for a period of 90 Days from the last date for submission of the tender 1.3 SUBMISSION a. The Tender shall be submitted in Two cover format addressed to General Manager (Finance), Kamarajar Port Limited, Chennai may be dropped in our Tender Box in case of hand delivery or may be sent by Registered/Speed post/ Courier but must reach positively latest by 02.12.2019 by 15.00 Hrs at at the Registered Office of “Jawahar Buildings” 17, Rajaji Salai, Chennai 600 001. b. The port will not accept a valid reason or be responsible for any postal delay or non- receipt/non delivery of the Bids. 1.4 OPENING DATE The Techno Commercial & Price bid will be opened in the presence of authorized representatives of the tenderers who choose to attend the tender opening at 1500 hrs on 02.12.2019and the Price Bid will be openedat 15 30 hrs on 02.12.2019 at the Registered Office of “Jawahar Buildings” 17, Rajaji Salai, Chennai 600 001. 1.5 CHANGES / UPDATION Any change and updating in the tender document will be uploaded in our website. Port Package Insurance for Assets of Kamarajar Port Page 4 of 12 KAMARAJAR PORT LIMITED KPL/INS/FIN/2019 GENERAL MANAGER (Fin) 2. GENERAL INFORMATION 2.1. Location and Connectivity Kamarajar Port is located at 20 kms north of Chennai Port on the east coast of India. It is located adjacent to North Chennai power station of TamilNadu Electricity Board. The Port can be reached from Chennai City by road up to Manali by Manali oil refinery road or inner ring road and then through TTP road-NCTPS road- Port access road. The nearest railway station is Athipattu and Athipattu Pudunagar on the Chennai-Gudur section of railway. 2.2. Present Tender The present Tender is for “Port Package Insurance Coverage of Kamarajar Port”. 2.3 Insurance Broker: We have appointed Global Insurance Brokers Private Limited, a Composite Broker as our sole and exclusive broker for renewal of port package insurance policy. Mr. Srikanth Boddu, Vice President / Branch Manager Global Insurance Brokers Pvt. Ltd. Chennai. e-mail: [email protected] Port Package Insurance for Assets of Kamarajar Port Page 5 of 12 KAMARAJAR PORT LIMITED KPL/INS/FIN/2019 3. INSTRUCTIONS TO TENDERERS 3.1 Sealed limited tenders are invited by Kamarajar Port Limited (KPL) in Two Cover Format – Techno Commercial & Price Bid. 3.2 Techno- Commercial Bid cover consists of: a. The bidder should be an Indian insurance Company and must be registered and approved from IRDA. Enclose a copy of Valid Registration Certificate issued by IRDA. b. The Insurance Company must have its fully functional branch at Chennai. c. An unconditional acceptance letter of the scope of Insurance coverage and its terms & conditions shall be submitted along with techno-commercial Bid. d. Each page of the Tender shall be signed by the authorized signatory (copy of proof of the Tenderers. Any tender-bid submitted without the Tenderer’s authorized signatory’s signature on all pages or not properly filled-in with the relevant details or otherwise incomplete shall be considered as incomplete and shall be liable to be rejected. 3.3 Price Bid: a. Price Bid part shall be opened only if Techno- Commercial bid is qualified. b. Bidders should submit their offer only as per Price Bid Format. There shall be no conditions in the Price Bid. c. Rates should be mentioned in figure as well as in words. In case of difference, rate quoted in words shall be considered. d. Any overwriting or correction in the price bid will be rejected summarily. e. The quoted price shall include all applicable taxes and duties including GST. f. Premium to be paid in four equal installments. 3.4 Bidding Cost The Bidder shall bear all costs and expenses associated with the preparation and submission of its Bid and the Port shall under no circumstance be responsible or liable for any such cost Port Package Insurance for Assets of Kamarajar Port Page 6 of 12 KAMARAJAR PORT LIMITED KPL/INS/FIN/2019 regardless of, without limitation, the conduct or outcome of the bidding, evaluation and selection process 3.5 Cost of Tender Fee & Bid Security No Tender Fee and no Earnest Money Deposits is required. 3.6 Language of BID The bid prepared by the Bidder and all correspondence/documents relating to the bid exchanged by the Bidder and KPL shall be written in English language alone. 3.7 Validity: The tender shall be valid for a period of 90 Days from the last date for submission of the tender. 3.8 One Bid Per Bidder: A Firm/Bidder shall submit only ‘one Bid’ in the same Bidding Process individually as a Bidder. A Bidder who submits or participates in more than ‘one Bid’ will cause all the bid to be disqualified. 3.9 Marking of Envelopes: The tender should be submitted in Separate sealed cover for Technical/price Bids as follows: Envelope: “TECHO-COMMERCIAL CUM PRICE BID FOR PORT PACKAGE INSURANCE OF KAMARAJAR PORT LIMITED” The envelope will be put in a larger envelope super scribing on this envelope “TECHNO- COMMERRCIAL CUM PRICE BIDS FOR PORT PACKAGE INSURANCE OF KAMARAJAR PORT LIMITED”. 3.10 The Sealed cover shall be addressed to : THE GENERAL MANAGER (FIN) Kamarajar Port Limited “Jawajar Buildings” Rajaji Salai, Chennai 600 001. 3.11 The KPL, in exceptional circumstances, and its sole discretion, may extend the tender due date by issuing a corrigendum. Port Package Insurance for Assets of Kamarajar Port Page 7 of 12 KAMARAJAR PORT LIMITED KPL/INS/FIN/2019 3.12 Any tender received by KPL after 15.00 hrs.on 02.12.2019 will not be considered and will be rejected. 3.13 The tenders will be opened at 15.30hrs.02.12.2019 at Kamarajar PortLimited. 3.14 Final Evaluation: Final evaluation will be at the discretion of KPL and KPL need not assign any reasons to the bidder 5. Scope & Terms and Conditions of Insurance Coverage: (Refer Annexure I for Risk Details) Re Instatement S.No. Description Value (Rs.) List of Assets insured and due for renewal on i. 04.12.2019 Rs.252.41 crores South Breakwater North Breakwater Rs.814.87 crores General Cargo Berth Rs.105.22 crores Coal Berth-1 & Coal Berth-2 Rs.222.80 crores Total Rs.1,395.30 crores One year from Iii Period of insurance 4thDecember 2019. Port Package Insurance for Assets of Kamarajar Port Page 8 of 12 KAMARAJAR PORT LIMITED KPL/INS/FIN/2019 4.1 TERMS & CONDITIONS: 1. Policy binder as per requirement of the Company shall be issued within 24 hours from date of the payment of the premium. All insurance coverage shall be effective immediately after award of the tender or as per the agreed terms and remain valid for one year. 2. Claims, if any, against the policies shall be settled expeditiously from the date of submission of claims. 3. Arbitration: Disputes, if any in respect of operation of the insurance policies shall be amicably settled through mutual discussion. However, if the disputes are not amicably resolved, the same shall be referred to arbitration as per relevant rules & laws prevailing in India. 4. Any legal dispute that may arise will be settled within jurisdiction of court of Chennai only. 5. Offer validity: Offer/ quotation shall be valid for 90 days from the date of opening the tender. 6. Bidder’s quoted Price shall remain Firm till completion of the Insurance coverage period. Quoted price shall be inclusive of all taxes & duties, other charges etc except Service Tax GST which will be shown separately in the Price Bid.
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