Purchase Order No: 05854095 (40) Dated: 18/09/2014
M/s. J & G Transformer Company EASTERN COALFIELDS LTD. ( A Subsidiary of Coal India Limited) Chairman-Cum-Managing Director’s Office, Materials Management Department, Sanctoria, P.O. Dishergarh -713 333, Dist-Burdwan (W.B.), India Phone No. 0341-2523606 & FAX 0341-2522061 / 2520459 E-mail : [email protected] CIN -010101WB1975GOI030295
Purchase Order No: 05854095 (40) Dated: 18/09/2014
To, Registered with A/D M/s. J & G Transformer Company 13 KM, Pataudi Gurgaon Road, Phone no: 9810595118 V&P Dhorka, Gurgaon Haryana Email: [email protected] (Please quote Purchase Order No. & Date in all your correspondence)
Type of Tender : Domestic Open tender Whether Govt. /PSU : Private Category of Firm : Small Scale Industry (NSIC registered)
Dear Sir,
Sub: Order for supply of Transformer 25 KVA, 3.3 KV/220 V Ref: 1) Tender No. ECL/PUR/E/Transformer/512110898&31211200/034 opened on 25.07.13 (off line) 2) Your Offline offer No. JGT/RK/ECL/13-14/148 dated 18.07.2013 & online offer against our above e-tender and subsequent correspondence –the last bearing no. JGT/RK/ECL/14-15/217 dated 21.08.2014
With reference to the above, we are pleased to place order on you for supply of following items as per prices, specifications, terms and conditions indicated here in under and also “General Terms & conditions of supply of Stores” attached as Enclosure-6 of the NIT:
1. Scope of supply: Sl Item description Qty Price element Unit price Extended value (Rs/set) (Rs.) 1 Transformer 25 3 Basic price 40,000.00 1,20,000.00 KVA, 3.3 sets KV/220V ED @10.3% 4,120.00 12,360.00 CST@2% 882.40 2,647.20 Packing & 100.00 300.00 forwarding Freight 10,000.00 30,000.00 Insurance 100.00 300.00 Landed Price 55 ,202.40 1,65 ,607.20
Total order value in words : Rupees One Lakh Sixty Five Thousands Six Hundred Seven and Paisa Twenty Only
MAKE : J & G Transformer
ECL Page 1 Purchase Order No: 05854095 (40) Dated: 18/09/2014
M/s. J & G Transformer Company 02. Price : The above prices are on F.O.R. Destination basis and shall remain FIRM till completion of supply.
03. Excise Duty & Educational Cess : Shall be payable at actual on submission of documentary evidence within the scheduled delivery period. Current rate is 10.30% (including Educational Cess & Higher Education Cess). Refund/credit, if any, obtained shall be passed on to ECL which shall be certified by your auditor. Any increase in Excise Duty within the original delivery period may be considered on the basis of merit after receipt of request from you with supporting documents. No increase in Excise Duty beyond the scheduled delivery period will be admissible. However, in case of decrease in Excise Duty within and beyond the original delivery period, the same will be applicable.
04. WB VAT: WB VAT shall be payable at the rate of 5%. Any increase in WB VAT within the original delivery period may be considered on the basis of merit after receipt of request from you with supporting documents. No increase in WB VAT beyond the scheduled delivery period will be admissible. However, in case of decrease in WB VAT within and beyond the original delivery period, the same will be applicable.
05. Packing and Forwarding charges : Shall be payable at a ceiling limit of Rs.100.00 per unit.
06. Freight charges, up to destination : Shall be payable at a ceiling limit of Rs.10000.00 per unit.
07. Insurance charges, up to destination : Shall be payable at a ceiling limit of Rs.100.00 per unit. Safe delivery of the consignment to consignee will be your responsibility at your cost & risk.
08. Security Deposit: Exempted since registered with NSIC.
09. Delivery : a) Delivery should be completed within 03(Three) months from date of issue of Purchase order. b) No materials shall be dispatched against this Purchase Order after expiry of the delivery period unless formal extension of delivery period is issued to you in writing from this office. Delivery of any materials against this order in violation of this clause shall be at the sole risk of the suppliers. c) Except under specific instructions delivery to stores is restricted up to 3.00 p.m. on all working days except Saturdays.
10. Consignee: Dy. General Manager (Stores), Sodepur Central Stores, ECL, PO: Sunderchak- 713360, Dist.: Burdwan, West Bengal.
11. Paying Authority : General Manager (Finance)-I/C, ECL, CMDs Office, Sanctoria, P.O. Dishergarh-713333, Dist. Burdwan (West Bengal).
12. Terms of Payment : 100% payment shall be made within 21 (twenty one) days of receipt and acceptance of materials by the consignee or submission of bills together with documents stipulated in the order, whichever is later.
ECL Page 2 Purchase Order No: 05854095 (40) Dated: 18/09/2014
M/s. J & G Transformer Company Payment would be made through e-payment, the details for which shall be as under: a Name of the Payee in Block Lette rs J&G TRANSFORMERS CO. b Address 13Km Gurgaon Pataudi Road V&P Dhorka Gurgaon c Bank A/c No. of Payee 62162979157 d Name of the Bank State Bank of Hyderabad e Name of the Branch & Branch Code Wazirpur Gurgaon and 10004024 f PAN CARD No. of Payee AEE PG0396R g Indian Financial Service Code SBHY0021274 (IFS Code)
13. Submission of Bills: You shall have to submit bills (five copies) to the consignee along with the consignment and challan along with the requisite document, specified in Order. The consignee shall then send SR Notes, Challan, Inspection Note and Three copies of bills (including original) and any other requisite documents to the Paying Authority. a) The following additional information should be incorporated in your invoice as per Central Excise Act so that ECL may avail CENVAT Credit under rule 11(2) of Central Excise Rules. i) Name of the Consignor ii) Address of the Consignor iii) Centralized Central Excise Registration No. of Consignor iv) Address of Corporate Office v) Central Excise Division vi) Central Excise Range vii) Commissionerate viii) TIN No. & VAT No. ix) Name and address of the Consignee x) Central Excise Registration No. of Consignee xi) Central Excise Range, Division and Commissionerate of Consignee xii) Description and classification of goods xiii) Time and Date of removal xiv) Mode of Transport and Vehicle Registration No. & RR No. xv) Rate of Duty xvi) Quantity and Value of Goods xvii) Excise Duty, Primary Edu. Cess & S.H. Edu.Cess xviii) Invoice should in Triplicate. (Original for buyers, Duplicate for Transporter and Triplicate for Consignor/Assessee). b) Information relating to ECL to be incorporated by you in your invoices : a) Centralized Central Excise Registration No. of ECL: AAACE7590EEM001 b) Address of Corporate Office: Office of CMD, Eastern Coalfields Limited, Sanctoria-713 333. c) Central Excise Division: Asansol II, Senraleigh Road, Asansol-713 305 d)Central Excise Range : Kulti, X-10, South Road, Burnpur- 713325 e) Commissionerate: Bolpur (West Bengal). f) TIN No. & VAT No. : 19741701222 & 19741701028. g) Centralized Service Tax Registration No. of ECL : AAACE7590EST007
Separate bills (five copies)/Challan should be raised for each consignment. One copy of the Dispatch documents of the each consignment should invariably be forwarded to this Office, ECL, HQ. Sanctoria. Following documents, duly authenticated by you, wherever required, should be submitted along with Bill(s) –
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M/s. J & G Transformer Company I. 100% Bill(s) in Quintuplicate duly pre-receipted and stamped. II. Receipted challan III. Copy of the Consignment note IV. Price Certificate V. Price Fall Clause Certificate VI. Any other documents specified in the order
14. Mode of Dispatch: Materials shall be dispatched by Road freight paid. It shall be your responsibility to arrange for the stores being sufficiently and properly packed for transport by road so as to their being free from loss or injury on arrival at destination. The packing of the stores shall be done at your expense. Way Bill, if required, may be obtained from consignee for which a request may be sent to them indicating following details – I. TIN/VAT No. II. CST No. III. Full address with pin code IV. PAN No.
15. Inspection : i. No initial inspection will be made. Final inspection will be made at the consignee’s end after receipt of the materials and the same shall be final and binding upon the supplier. ii. If any stores are rejected, consignee will have liberty to:- a) Allow the supplier for satisfactory replacement of the rejected part within a specified time and supplier will bear the cost of replacement such as freight etc. and any such replacement will be without being entitled to any extra payment. b) Buy elsewhere the quantity of stores similar to those rejected at the risk and cost of the supplier. c) Terminate the contract whether in part or whole. Rejected part / quantity shall have to be removed by the supplier within 15 days of receipt of intimation of rejection.
16. Along with supply submit following documents (2 sets for each): a. Manufaturer's relevent test certificate b. Circuit diagrams and other drawings c. Operation/ maintanance mannual
17. Guarantee/Warranty : The material supplied should be guaranteed for a period of 12 months from the date of installation / commissioning or 18 months from the date of receipt and acceptance bt the ECL, whichever is earlier . The supplier shall be responsible for any defects that they develop under proper use arising from faulty materials , design or workmanship and shall remedy such defects at his own cost when called upon to do so or it become necessary for the supplier to replace or renew any defective portion of the goods . Such replacement or renewal shall be made by the supplier without any extra cost to E C L.
18. Performance Bank Guarantee : You will have to furnish a Performance Bank Guarantee on any nationalized/scheduled bank in India for 10% landed value of the materials including taxes and other levies etc. on order as a coverage towards the supplier performance against the contract, in the standard format enclosed in Annexure-B. The Performance Bank Guarantee must be submitted before supply of first consignment against order and is to be sent directly by the bankers to the office of GM (MM) by registered post. No payment will be done without submission of Performance Bank Guarantee. The PBG period will covers the guarantee period plus three months i.e. 21 (18+3) months. The validity of PBG may be extended in case the ordered items do not work satisfactorily within the Guarantee/Warranty period. The Bank Guarantee should be furnished on a Non-Judicial Stamp paper worth .100/= or more and as per the standard format of ECL. The stamp paper for the purpose of Bank ECL Page 4 Purchase Order No: 05854095 (40) Dated: 18/09/2014
M/s. J & G Transformer Company Guarantee must be in the name of the issuing Bank. The total value of the PBG shall be Rs.16,561.00 (Rupees Sixteen Thousand Five Hundred Sixty One only) 19. Manufacturer’s Guarantee and Test Certificate : Manufacturer’s Guarantee and Test Certificate should be furnished by you along with the supply.
20. Price Certificate : You will have to certify on the bill that the prices charged are not higher than that applicable to all your customers including Coal Company and other Indian Govt. Deptt./Organization/DGS&D/CIL and its Subsidiaries etc.
21. Price Fall Clause: (A) The prices charged for the stores to be supplied under the purchase order by the supplier shall in no event exceed the lowest price at which supplier sells the stores or offers to sell the stores of identical description to any customer during the tenure of the supply order. (B) If any time during the said period, the supplier reduces the sale price, sells or offers to sell such stores to any other customer at a price lower than the ordered price, they shall forthwith notify such reduction of sale or offer to sell to us to enable us to amend the rates of the order.
22. Liquidated Damages In the event of failure to delivery or dispatch the stores within the stipulated date/period in accordance with the samples and/or specifications mentioned in the supply order and in the event of breach of any of the terms and conditions mentioned in the supply order, we have the right: a) To recover from you, as agreed, liquidated damages, a sum not less than 0.5% (half percent) of the price of any stores which you have not been able to supply as aforesaid for each week or part of a week during which the delivery of such stores may be in arrears limited to 10%. Where felt necessary the limit of 10% can be increased to 15%. b) To purchase elsewhere, after due notice to you, on your account and risk the stores not supplied or other of a similar description without canceling the supply order in respect of the consignment not yet due for supply or c) To cancel the supply order or a portion thereof, and if so desired to purchase the stores at your risk and cost and also d) To extend the period or delivery with or without penalty as may be considered fit and proper, the penalty, if imposed shall not be more than the agreed Liquidated Damages referred to in clause (a) above. e) To forfeit the security deposit full or in part. f) Whenever under this contract a sum of money is recoverable from and payable by you, Coal India Limited and its subsidiary companies shall be entitled to recover such sum by appropriating, in part or in whole by deducting any sum or which at any time thereafter may become due to you in this or any other contract. Should this sum be not sufficient to cover the full amount recoverable, you shall pay Coal India Limited and its subsidiary companies on demand the remaining balance. You shall not be entitled to get any gain on any such purchase.
23. Force Majeure : If the execution of the supply order is delayed beyond the stipulated in this supply order as a result of outbreak of hostilities, declaration of an embargo or blockade, or fire, flood, acts of nature or any other contingency beyond your control due to the act of God then Eastern Coalfields Limited may allow such additional time by extending the Delivery period, as it considers to be justified by the circumstance of the case and our decision shall be final. If and when additional time is granted by ECL the supply order shall be read and understood as if it had contained from its inception the delivery date as extended.
23. After Sales Service : You have to provide after Sales & Service as and when required by ECL.
ECL Page 5 Purchase Order No: 05854095 (40) Dated: 18/09/2014
M/s. J & G Transformer Company 24. Terms and conditions of Notice Inviting Tender and/ or Tender Documents are an integral part of this Purchase Order.
25. Any terms and conditions not specifically mentioned in the order, shall be governed by the “General Terms & Conditions of Supply of Stores” as mentioned in Enclosure 6 of the tender documents. Further, any terms and conditions not specifically mentioned anywhere in the “General Terms & Conditions of Supply of Stores”, shall be governed by the provisions of the Purchase Manual which is available in the web-site of Coal India Limited namely – www.coalindia.in .
26. Jurisdiction : Any dispute arising out of this contract shall come under the sole jurisdiction of Court at Asansol, West Bengal.
Encl : Annexure –X (Technical specifications) Annexure – B (Format for Performance Bank Guarantee)
Yours faithfully, For and on behalf of Eastern Coalfields Limited
Asst. Manager (MM) (Pur) Chief Manager (MM)(Pur)
Copy to: 1. CVO/GM (E&M)/GM (MM)(Stores)/GM(Fin.)IC, ECL(HQ). 2. Progress Cell, ECL (HQ) – This is covered against IC No. 51211089 dated 14.09.2012 and 31211200 dated 16.01.2012. B.C No: CB/EM/P&M/14-15/91 dated 12.09.14 and F.C No: GM(F)/Transformer/14-15/63 dt 13.09.2014 for Rs. 15,81,968.70 3. Dy.FM (Bills) ECL (HQ). Email: [email protected]. 4. Dy. General Manager (Stores), Sodepur Central Stores, ECL, PO: Sunderchak-713360, Dist.: Burdwan, West Bengal 5. GM (MM) –CIL/WCL/CCL/BCCL/SECL/NCL/MCL/NEC. 6. Asstt. Commissioner, Commercial Taxes, Central Section, 14, Beliaghata Road, Kolkata
Asst. Manager (MM) (Pur) Chief Manager (MM)(Pur)
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Detailed Technical Specifications Annexure X
DETAILED TECHNICAL SPECIFICATION FOR 25KVA,
3.3KV/0.220KV TRANSFORMER - THREE SETS.
The specification covers technical details of 25 KVA, 3.3KV/0.22KV, outdoor type, 3phase, 50 c/s, oil immersed, naturally cooled, double A wound, core type transformer complete with cable entry boxes both for Yes H.T. & L.T. side, properly gasketed to make it suitable for outdoor use and withstand rains.
The transformer shall generally conform to IS 2026 or its latest B Yes modification and relevent IS and shall have following parameters:-
i) Capacity - 25KVA Yes
ii) Rated Volage HV- 3.3KV Yes
iii) Rated Volage LV- 0.220KV Yes
iv) Rated Frequency- 50 C/S Yes
Connection & Vector group- Dyn11. The neutral point of the v) secondary should be brought out to a separate insulating bushing Yes outside the cable box.
vi) Max. Ambient Tempreture- 50 degree centigrate Yes
vii) Cooling- ONAN Yes
viii) Winding- The transformer should be copper wound Yes
Tempreture Rise-45 degree centigrate in Oil & 55 degree centigrate by ix) Yes resistance of winding
Tappings- +/-2 1/2%, +/-5%, +/-7 1/2% and +/-10% of rated voltage to be provided on the H.T. side. This should be provided with indicator x) Yes showing tap-position and also locking arrangement by pad lock at any position.
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C The transformer should be completed with the followings:-
Oil conservator with oil gague.The conservator should preferably be i) detachable from the tank. This should be complete with first filling of Yes oil as per IS:335.
ii) Dehydrating Silicagel Breather with oil seal and connection pipe. Yes
iii) Tap- Changer:- Off load type switch with proper locking arrangement. Yes
iv) Explosion vent/Air release device. Yes
v) Air release plug on cover Yes
vi) Valve between conservator and tank. Yes
vii) Radiator shut off valve. Yes
viii) Oil sampling valve. Yes
ix) Top filter valve. Yes
x) Drain cum bottom filter valve. Yes
xi) Inspection cover Yes
xii) Double earthing terminal. Yes
xiii) Combine rating, terminal marking and diagram plate. Yes
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xiv) Lifting lugs for transformer and also for cover. Yes
xv) Four Uni-directional plain rollers. Yes
xvi) Terminal arrangement:- Yes
Cable entry boxes for both HV & LV sides complete with brass wiping glands suitable for PVCDWA cable of suitable sizes.The boxes should be properly gasketted to make it all weather proof.The neutral point of Yes secondary side should be brought out to a separately insulated bushing outside the cable box. All the cable connection studs should made of Copper.
D Remarks:-
Filter valves, drain valves & valve flanges should be as per table 1 & 2 i Yes of IS:3639.
Pipe for dehydrating breather should be fitted to the conservator and ii breather should be fitted to this pipe. The recommended size of Yes breather pipe is 15 mm.
iii All threads for valve and pipes should be in accordance with IS:554. Yes
Earthing terminals should consist of bolts size either M12 or M20 as iv Yes given in IS:1363.
The transformer should be complete with first filling of transformer oil v Yes as per IS:335.
The transformer shall conform to the following IS in addition to the vi relevant Acts, Statute and Regulations:-
i Indian electricity act Yes
ii The Indian electricity rules Yes
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fire insurance regulation & iii Yes factory act
a) Fitting &accessories IS:3639 Yes
b) Guide for loading of oil immersed transformer IS:6600 Yes
c) Mild steel transformer cooling tubes IS:8036 Yes
d) Mild steel tubes IS:1239 Yes
Classification of insulating materials for electrical machinery and e) Yes apparatus in relation to their thermal stability in service IS:1271
f) Degree of protection for enclosure IS:2147 Yes
shall be finished with standard enamel/epoxy paints of shade g) Yes corresponding to 632 of IS:5
DETAILED TECHNICAL SPECIFICATION FOR 25KVA, S/N 3.3KV/0.220KV TRANSFORMER - THREE SETS
The supplier shall furnish the following technical particular in their A tender as per IS:2026/6600 and other relevant IS.
J&G Transformer Co. 1 Name of Manufacturer 13Km Pataudi Road V&P Dhorka Gurgaon
2 Service -Outdoor duty Yes
3 Rating
a) Rated KVA 25
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b) Rated voltage of HV 3.3KV
c) Rated voltage of LV 0.220KV
d) Temperature rise in oil 45 Deg. Cel.
e) Temperature rise by resistance of winding 55 Deg. Cel.
4 No. of phases Three
5 Connection
a) High voltage Delta
b) Low voltage Star
c) Vector group reference Dyn 11
6 Tappings
Tappings +-2.5%,+- a) High voltage ( in % ) 5%,+-7.5%,+-10%
b) Low voltage ( in % ) NA
7 No load loss at rated voltage and frequency ( in KW ) 0.1KW +- IS Tolerance
0.685KW +- IS 8 Load loss at rated current and frequency at 75 degree centigrate Tolerance
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9 Impedance at rated current and frequency at 75 degree centigrate 4.5 % +- IS Tolerance
10 Reactance at rated current and frequency 3.57%
11 Efficiency at 75 degree centigrade at unity power factor
a) At full load ( in % ) 96.96
b) At 3/4 full load ( in % ) 97.48
c) At 1/2 full load ( in % ) 97.88
12 Regulation at full load at 75 degree centigrate
a) at unity power factor ( in % ) 2.34%
b) at 0.8 power factor lagging ( in % ) 4.34%
13 No load current at rated voltage and frequency ( in % ) 4%
14 Approx. weight
a) Core & winding ( in kg ) 110
b) Tank & fittings ( in kg ) 90
c) Oil ( in kg) 65
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d) Total weight ( in kg ) 260
15 Approx. quantity of oil ( in ltrs. ) 80
16 Approx. overall dimention
a) Length ( in mm. ) 700
b) Breadth ( in mm. ) 700
c) Height ( in mm. ) 700
17 Terminal arrangement
As per Technical a) High voltage Specification
As per Technical b) Low voltage Specification
18 Referance standards Latest IS
19 Remarks Nil
20 Type of windings
a) High voltage SEM or DPC
b) Low voltage DPC
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21 Material of winding Copper
22 Insulation materials PCB
23 Details of Tank
a) Approx thickness of sides ( in mm. ) 3mm
b) Approx thickness of bottom ( in mm. ) 5mm
c) Approx thickness of cover ( in mm. ) 5mm
As per Technical d) Approx thickness of tube radiators ( in mm. ) Specification & Latest IS Supplied material technical specification in line with tender 24 specification as indicated above. In addition to this you should check up whether following points are exists or not :- The neutral point of the secondary should be brought out to a separate a) Yes insulating bushing outside the cable box The transformer should be supplied with first filling of transformer oil b) Yes as per IS:335. c) The transformer should be copper wound Yes d) All the fittings as mention above are offered Yes Note: ALONG WITH SUPPLY SUBMIT FOLLOWING(2 SETS FOR EACH): 27 1. MANUFATURER'S RELEVENT TEST CERTIFICATE Yes 2. CIRCUIT DIAGRAMS AND OTHER DRAWINGS 3. OPERATION/ MAINTANANCE MANNUAL
Asst. Manager (MM) (Pur) Chief Manager (MM)(Pur)
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EASTERN COALFIELDS LIMITED (A SUBSIDIARY OF COAL INDIA LIMITED) OFFICE OF THE CHAIRMAN-CUM-MANAGING DIRECTOR SANCTORIA, POST-DISERGARH, DIST-BURDWAN (WB)
Annexure ‘B’ =/ LETTER OF PERFORMANCE GUARANTEE /=
Messer’s ------a company having its registered office at ------(hereinafter called the said seller) has entered into an agreement no.------dated------(hereinafter called the said contract) with Eastern Coalfields Limited, having its registered office at Sanctoria, Post – Disergarh, Dist – Burdwan (West Bengal)(Pin-713333) (hereinafter called the purchaser) to supply equipment on the terms and conditions contained in the said contract. (1) It has been agreed that hundred percent (100%) payment of the value of the equipment will be made to the said seller in terms of the said contract on the said seller furnishing to the purchaser a Bank Guarantee for the sum of Rs.------(Rupees------)equivalent to ------% (------percent) of the value of the equipment supplied by the said seller, as security for the due and faithful performance of the terms of the said contract and against any loss or damage caused to or would be caused to or suffered by the purchaser by reason of any breach by the said seller of any of the terms or conditions contained in the said contract. The ------Bank having its office at ------has at the request of the said seller agreed to give the guarantee hereinafter contained. (2)We ------Bank do hereby undertake to pay the amounts due and payable under this guarantee without any demur, merely on a demand from the purchaser stating that the amount claimed is due by way of loss or damage caused to or would be caused to or suffered by the purchaser by reason of any breach by the said seller of any of the terms or conditions contained in the said contract or by reason of the said seller’s failure to perform the said contract. Any such demand made on the Bank shall be conclusive as regards the amount due and payable by the Bank under this guarantee. We shall not withhold the payment on the ground that the said seller has disputed its liability to pay or has disputed the quantum of the amount or that any arbitration proceeding or legal proceeding is pending between the purchaser and the said seller regarding the claim. However, our liability under this guarantee shall be restricted to an amount not exceeding Rs.------(3) We ------Bank, further agree that the guarantee herein contained shall come into force from the date hereof and shall remain in full force and effect during the period that would be taken for the performance of the said contract and that it shall continue to be enforceable till at the dues of the purchaser under or by virtue of the said contract have been fully paid and its claims satisfied or the purchaser certifies that the terms and conditions of the said contract have been fully and properly carried out by the said seller and accordingly discharges the guarantee. Unless a demand or claim under this guarantee is made on us in writing on or before the ------(date)------(month) from the date of the Bank Guarantee, we shall be discharged from all liabilities under this guarantee thereafter. (4) We ------(Bank), further agreed with the purchaser that the purchaser shall have the fullest liberty without our consent and without affecting in any manner our obligations hereunder to vary any of the terms and conditions of the said contract or to extend time of performance by the said seller from time to time or to postpone for any time or from time to time any of the powers exercisable by the purchaser against the said seller and to forbear or enforce any of the terms and conditions relating to the said contract and we shall not be relieved from our liability by reason for any such variation or extension being granted to the said seller or for any forbearance act or omission on the part of the purchaser, or any indulgence by the purchaser, to the said seller or by any such matter, or thing whatsoever which under the law relating to sureties would but for this provision have effect of so relieving us. The Bank further agrees that in case this guarantee is required for a longer period and it not extended by the Bank beyond the period specified above, the Bank shall pay to the purchaser the said sum of Rs ------or such lesser sum as may then be due to the purchaser and as the purchaser may demand. (5) We ------Bank, lastly undertake not to revoke this guarantee during its currency except with the previous consent of the purchaser, in writing. (6) The Bank has under its constitution power to give this guarantee and Mr. ……………, ……………….(designation ), who has signed it on behalf of the Bank has authority to do so. (7) This Bank guarantee will not be discharged due to change in the constitution of the Bank or the said seller.
Dated ……………… day of …………..20
For …………………………. Bank
(Signature of the authorized person For and on behalf of the Bank)
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