NATIONAL ALUMINIUM COMPANY LIMITED - Rites

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11.0 INSURANCE
11.01 The Owner will arrange for INSURANCE of equipment and material, included under the scope of
contract, to cover -
a) Risk in transit by ship/air between Contractor’s port of shipment/air port and Indian port of
entry.
b) Risks in transit by rail/road during inland transportation up to the Project Site.
c) Risks during storage and erection at the Project Site till the plant is fully commissioned
under an open general insurance policy. The Owner shall intimate the name of Insurance
Company and other details in due course.
11.02 The Contractor shall furnish dispatch particulars of each consignment including its value
immediately to the Insurance Company. If for any delay in intimating of dispatch particulars to the
Insurance Company on the part of the Contractor the claims for damages are rejected, the
contractor shall be fully responsible for replacement of the damaged equipment.
11.03 The risks that are to be covered under the insurance shall include, but not limited to, the loss or
damage in transit, theft, pilferage, riot, civil commotion, weather conditions, accidents of all kinds,
fire, war risk, etc. The scope of such insurance shall cover the entire value of the Works from time
to time.
11.04 In respect of equipment damaged in transit or during erection and commissioning, the Contractor
shall replace them expeditiously and the replacement cost payable by the Owner shall be limited to
the invoice of damaged equipment. In case of consignment received at the project site in outwardly
sound condition of package but found shortage/damage on being opened the liability for free
replacement will be accepted by the Contractor.
It is the responsibility of the Contractor to lodge a claim on the Insurance Co. on behalf of the
Owner. On receipt of all relevant document relating to the claim, Owner will pursue the matter with
the Insurance Co.
12.00 DELIVERY
Notification of delivery or dispatch in regard to each and every consignment shall be made to the
Purchaser immediately after dispatch or delivery. The Contractor shall further supply to the
Consignee a price invoice and packing account of all stores delivered or dispatched by him. All
packages, containers, bundles and loose materials forming part of each and every consignment
shall be described fully in the packing account, and full details of the contents of packages and
quantity of materials shall be given to enable the Consignee to check the stores on arrival at
destination.
Tender Documents Commercial (Indigenous) Page 14 of 56