CORRIGENDUM - Tender

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25. IFCAL must ensure that the total amount payable for the HCFC lifted by any
buyer, should under no circumstances exceed the tentative amount paid by
him in advance.
26. As soon as the entire quantity of HCFC sold to the customers has been lifted
and taken out of the factory premises, M/s. IFCAL shall do the billing. They
shall also refund the balance amount due to that customer. This balance
amount shall not be retained as advance for adjustment in future.
27. In the event of successful bidders failing to make the payments as above
within the stipulated period, the management of IDCOL shall be released of
obligations to sell HCFC to that customer under these terms & conditions,
unless on the written request the stipulated dates for payments have been
extended by the management of IDCOL. It shall mean that the allotted
quantity of HCFC can be sold to others as deemed fit by the management.
The management of IDCOL, may not allow such defaulters to participate in
the bids in future and also retains the right to deduct from their payment or
other dues, if any, the loss suffered in selling the HCFC in question to some
other customers.
28. No interest will be payable either on advance payments or on any retained
amount.
29. M/s. IDCOL (or M/s. IFCAL) shall not bear the transit risk. The risk of IFCAL
ceases, when the material has been loaded on the trucks and the trucks
leave the factory premises.
30. M/s. IDCOL (or M/s. IFCAL) shall not entertain any objection to the quality of
the HCFC once the truck loaded with material leaves the factory premises.
31. All the Demand Drafts submitted for payment shall be endorsed on the back
with the Tender Call Notice number and the name of the payer to avoid any
mix-up.
32. All the refunds shall be made by Demand Drafts drawn in favour of the
beneficiaries after deducting the bank commission paid for obtaining the D.D.
and the postal/courier charges.
33. It shall be the responsibility of bidders to satisfy themselves that they have the
necessary licenses and permissions required under the Law, Rules &
Regulations applicable for purchasing, transportation and for end-using of
HCFC in question. The management of M/s. IDCOL (or IFCAL) shall not be
responsible, if they suffer any loss or damage for any violation in the process
of purchasing, transporting and end-using the HCFC.