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 15 days from issue of AL or 22 days from acceptance of
Lot (whichever is earlier) - (i) Balance Payment in favour of
HPCL at the above mentioned Bank Account and (ii) Service Charge
+ IT-TDS to MSTC via ePayment in one installment. The break up
of payments shall be mentioned in the sale order.
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.