Pipelaying Tender-VOL I - WorleyParsons.com

ANNEXURE-JBANK GUARANTEE FOR MOBILISATION ADVANCE(On Non-Judicial stamp paper of appropriate value)Hindustan Petroleum Corporation Limited8th Floor, North Tower, Scope MinarDistrict Centre ,Laxmi NagarNew Delhi -1100921. In consideration of M/s Hindustan Petroleum Corporation Ltd., Government of IndiaCompany registered under the Companies Act, 1956 having its Registered Office at17, Jamshedji Tata Road, Bombay - 400 020 (hereinafter called the "Corporation" whichexpression shall include its successors in business and assigns having placed anorder on M/s ___________________________________ a partnership firm/soleproprietor/a Company registered under the Companies Act 1956, having its office at_______ (complete address) ______________ (hereinafter called "thesupplier/contractor" (which expression shall include its successors in business andassigns) vide Purchase Order No. _________________ dated __________________ for(specify nature of job) ________________ (hereinafter called "the Order" whichexpression shall include any amendments / alterations thereto as issued by "theCorporation") for the supply of goods to/the execution of service for "theCorporation" and having agreed to pay the suppliers as and by way of advance upto asum of Rupees __________________ being _________ % of the value of "the Order"in terms of "the order" on production of an acceptable Bank Guarantee for an amount ofRs._____2. We,____________________________Bank (hereinafter referred to as "the Bank") , doat the request and on behalf of "The Suppliers / Contractor" hereby agree to pay to "theCorporation" without any demur on first demand an amount not exceeding Rs _______(in words) against any loss or damage, costs, to or suffered by "the Corporation" byreason of any breach on the part of "the Supplier/Contractor" of any of the terms andconditions of the said "Order".3. We, ________________ Bank, further agree that "the Corporation" shall be the solejudge whether the said "Supplier/Contractor" has committed breach of any of theterms and conditions of "the Order" and the extent of loss, damage, cost, charges andexpenses suffered or incurred or would be suffered or incurred by "the Corporation"on account thereof and we waive in favour of "the Corporation" all the rights anddefense to which we as guarantors and/or the supplier may be entitled to.4. We, __________________ Bank, further agree that the amount demanded by "theMH2145-C000-PS-RFQ-0020Page 308 of 334