2. All the payments pertaining to HPCL needs to be credited in the under
mentioned account no-
Name of the Beneficiary: Hindustan Petroleum Corporation Ltd
Bank Name :State Bank of India
Branch :PARLIAMENT STREET NEW DELHI
A/c No : 000011084278230
IFS Code :SBIN0000691
3. Account details of MSTC LTD for service charges to be made through
e-payment gateway: http://mstcecommerce.com/auctionhome/RenderFileGeneralAuctions.jsp?file=BuyerManualforePayment.pdf
After forwarding the payment through RTGS, the customer is required to
provide the UTR no. immediately to HPCL and MSTC through mail on the mail id
mentioned above.
4. Incase the date of submission of payment happens to fall on a Public
Holiday, the next day shall be considered as the date of submission of
payment.
C) GENERAL CONDITIONS:
5. MSTC Ltd. Shall hereinafter be referred to as MSTC and will act in the
capacity of the Disclosed Agents of HPCL who will act as Principal/Owners.
6 All the offer shall be valid for a period of 90 days from the date of
closing of e- auction.
7. The materials offered for sale must be inspected prior to due date of
e-auction.
8. Material list & STC displayed under view forthcoming auctions on MSTC's
e-auction website are tentative and subject to change at the sole discretion
of MSTC/Hindustan Petroleum Corpn Ltd before the start of e-auction. Bidders
should, therefore, download the material list and STC displayed only under
view live auctions for their record purpose, if required, and bid
accordingly. For buyers guidelines visit www.mstcecommerce.com and click
help for any assistance mail at customercare@mstcindia.co.in
9. All the materials are offered for sale on AS IS WHERE IS basis Ex works
Owners, rate must be quoted on unit basis for each lot separately not part
thereof i.e. in Rupees per unit only. The quantity indicated against the lot
are purely indicative.
10. After the submission of bid(s) by the Buyer, a presumption would be
drawn that the buyer has inspected the material and has satisfied himself
about the nature, quantity, quality, other technical specifications,
taxes-duties and legalities prior to the e-auction. No complaint,
whatsoever, on the points referred above, would be entertained after the
submission of the bid.
11. The Principal/Owner of the materials reserves the right to withdraw at
any stage the sale of any item or quantity of material either by number or
by weight or any other specific unit etc, even after issue of Sale
Order/Delivery Order. The Principal/Owner will not be bound to assign any
reason or details thereof. Value of the materials so withdrawn, if any, and
paid by the buyer will be refunded. The Principal will however, not be
responsible for any damage, loss, direct or consequential compensation
whatsoever to the buyer nor for payment of any interest.
12. The Sale will be governed by the Material List & Special Terms &
Conditions (STC) displayed on the Live eAuction Floor (and not under
Forthcoming Auctions) as well as the General Terms & Conditions (GTC) and
Buyer Specific Terms & Conditions ( BSTC ) already accepted by the Bidder at
the time of eAuction Registration with MSTC. The Material List & STC
displayed under View Forthcoming Auctions on MSTC's eAuction Website are
tentative and subject to change at MSTC's sole discretion before the start
of eAuction. Bidders should therefore download the Material List and STC
displayed only under View Live Auctions for their record purpose, if
required. The BSTC and GTC can be seen and downloaded by going to the Home
Page of the eAuction Website and clicking on NEW USER. Participation in the
eAuction will be deemed to imply that the Bidder has made himself thoroughly
aware of and accepted the STC, BSTC and GTC. In case of any conflict between
the STC and BSTC , the STC shall prevail. MSTC shall have the right to issue
addendum to the STC or BSTC, to clarify, amend, modify, supplement or delete
any of the conditions, clauses or items stated therein and the Addendum so
issued shall form a part of the original STC.
13. MSTC/HPCL reserves the right to call all the eligible bidder(s) for
revised bid along with requisite EMD for any lot.
14. The quantity in actual may turn out to be more or less than the
estimated quantity. In the event of quantity turning out to be more than the
estimated quantity the buyer has to lift the allotted quantity(+/-10%).In
the event of actual quantity turning out to be less than the estimated
quantity, the buyer shall not be entitled to claim any damages, loss of
interest or compensation on this count.
15. Rate must be quoted exclusive of applicable taxes and duties which will
be charged as on date of delivery. Any variation in such taxes and duties
will be borne by the buyers.
D) INSPECTION DETAILS:
16. Instructions for inspection of material: a) Inspection of material shall
be allowed only in the period given in catalogue. b) Bidder coming for
inspection must carry valid MSTC card along with him. c) Authorization
letter for inspection will have to be submitted to IOCL if bidder is sending
their representative for inspection. d) Maximum 2 persons from one party
shall be allowed to inspect the material at a time.
17. Buyers have to inspect the material thoroughly and satisfy themselves
about the nature, hazardous/explosive properties, if any, before submitting
the bid. In case they come across any material beyond the scope of the
description of material, it should be informed to seller/mstc. Mstc will not
be responsible for any complaint in this regard.
E) POST BID FORMALITIES
18. E-auction lot Status/result: The status of the highest bids having been
accepted on Confirmed or STA basis must be personally seen by the Bidders
online through the link Auction Lot Status immediately after closing of
e-Auction which will be displayed up to 7 (Seven) days from the date of
Closing of e-Auction (excluding the date of closing of e-Auction) and
payment of Post-Bid EMD/SD must be made accordingly. Although immediately
after closing of e-Auction, a system generated automatic Sale Intimation
Letter will be issued by e-mail to the Highest Bidder for accepted/STA lots.
The bidders must always keep their registered email account valid, failing
which bidders will be liable for non-compliance of payment/delivery
instructions if issued by MSTC/SELLER from time to time.
19. The Contract shall be treated as having been entered into as soon as the
bid is confirmed in favor of the successful bidders. The period of contract
shall be of sixty days from the date of last Delivery order by MSTC against
full payment made by the party. The contract shall be deemed to be complete
as soon as the Area is cleared of the entire material allotted or on
completion of the period of contract as mentioned above, whichever is
earlier.
20. The bidders shall submit Earnest Money Deposit RTGS/NEFT in favor of
Hindustan Petroleum Corpn Ltd within 7 days from date of e-auction for
accepted lots. For STA lots, the EMD must be submitted within 7 days of
approval of the said lot(s). The EMD must be @10% of the net sale Value
quoted (excluding taxes& duties). Upon issue of the sale order the EMD shall
automatically be converted into Security Deposit. The Security Deposit as
specified in Sale Order shall be adjusted only at the time of final payment.
21. The balance payment is to be paid by the buyer in two parts within 10
days
22. Payment dates for installments shall be strictly adhered to irrespective
of whether lifting of earlier installments are completed or not.
23. If payment against basic cost only is deposited and amount of GST and
Late Payment Fee, if any, etc. is not deposited by buyer then the
seller/stockholder at its own discretion shall issue relevant site delivery
order for reduced quantities after adjusting the GST/ Late payment charges
etc.
24. For delayed payment of balance sale value along with taxes and duties,
late payment charge @ 1% per week or part thereof for a maximum period of 14
calendar days has also to be charged which should also feature in the STC
However, this shall not confer any right to the Bidder to make any Late
Payment of Balance Sale Value or applicable Duties and Taxes and MSTC/HPCL
reserves the right not to accept the payment of the Balance Sale Value with
or without the additional charges after the expiry of the due payment time
as mentioned above.
25. Delivery period: The successful bidders shall lift the all allotted
material lying in the lot allotted to them by employing their own labor and
transport at their own cost within 1 month from the date of Delivery Order
(including date of issue)/or as stipulated by MSTC LIMITED.
F) DELIVERY/ LIFTING
26. Delivery of materials shall be granted to the successful buyers as per
sole discretion of HPCL. It will be sole discretion of HPCL and bidders
shall not have any say in this regard. Complaints/Representations in this
regard shall not be entertained. It will be deemed that bidders
participating in e-auction shall adhere to and abide by the sequence/order
of items which shall be delivered as per discretion of HPCL authorities.
Action as deemed by HPCL authorities may be initiated if the successful
buyer is found to violate the delivery sequence. HPCL owns the right to
cancel the bid without specifying any reason.
27. Delivery of materials higher than the notified quantity will not be
granted by HPCL. Successful buyer cannot claim materials higher than the
notified quantity even if it is found at site.
28. Party to visit site and make own assessment of weight of scrap for
disposal, before quoting. Material are to be taken on as is where is basis
and no complaint basis.
29. All loaded scrap TT will be issued e-waybill as per statutory
requirement. Vendor to comply with all statutory requirements.
30. All tool, equipment like hydra, crane, gas cutter etc., as deemed
necessary in order to complete the work of shifting of
material/loading/transportation and disposal in a safe manner is to be
Arranged by the Party/Vendor.
31. Any extra precaution required for the job
disposal/loading/transportation has to be provided by the party.
32. Party has to deploy skilled manpower where ever required.
33. All tools, tackles & manpower including PPEs required for the job to be
provided by party.
34. The contractor is fully responsible for paying the Minimum Wages to the
workers as applicable and must fulfil the statutory obligation viz. EPF/ESIC.
35. The payment of minimum wages, ESIC, PF to be followed by the vendor.
36. During working at site all the safety precaution to be followed by the
workman and it is the responsibility of the party to train the Manpower
accordingly.
37. Party will be solely responsible for the safety of their workmen while
working in the Depot Premises. Labourers will have to be made knowledgeable
about safety policies by the vendor & there should not be any unsafe
practices while doing the job inside the Depot. Any loss /violation of same
will have to be compensated by the vendor.
38. Work Permit: Wherever necessary required permits (hot work/cold
work/electrical/height permit etc.) to be obtained from competent officer
before commencement of work. Use of PPE (safety shoes, helmets, safety
belts) are mandatory.
39. Before carrying out the upliftment of materials, party has to pay the
full amount.
40. Party has to complete the total upliftment within 30 days time after
receiving authorization letter.
41. On the date of product upliftment, bidder must submit Delivery Order
with the place of movement.
42. Bidder must provide copy of LR showing consignee address clearly as the
place of intended movement.
42. It will be deemed that before participating in e-auction the
bidders/buyers/parties: -
42.1. Have read and understood the entire auction terms & conditions and
shall abide by them all.
42.2. Have inspected the materials at site and have clarified all their
doubts and queries whatsoever.
42.3. Shall abide by the delivery sequence/order of items as fixed by HPCL.
43. In case of delayed lifting, the collection of ground rent in advance
shall be the sole responsibility of the seller before effective delivery.
The rate of ground rent beyond the free delivery period shall be @ 2% per
week or part thereof for a maximum period of 14 calendar days.
44. In case of Goods sold on Lot Basis, the Ground Rent will be calculated
at the rate specified above on the value of the entire Lot even if lifted in
part, where as in case of Goods sold on Unit Weight or Unit Number Basis,
the Ground Rent will be calculated on the value of unlifted quantity However
it must be noted by the Bidders that it will be the sole discretion of the
Seller not to allow the Buyer to lift the Goods with or without the Ground
Rent after the expiry of the stipulated free Delivery period or even within
the aforesaid additional period of 14 (Fourteen) Days and in such event, the
sale of the material not lifted by the Buyer(s) will be automatically
cancelled and all the moneys paid by the Bidder /Buyer will be automatically
forfeited.