TECHNICAL BID - Bharat Petroleum

(On Non-Judicial Stamp of Rs. 200/- ( two hundred only )(2.12) Attachment- 6BANK GUARANTEE1. In consideration of Bharat Petroleum Corporation Limited having its registered office at BharatBhavan, 4 & 6 Currimbhoy Road, Ballard Estate, Mumbai 400 001 (hereinafter called "TheCompany" having agreed to exempt M/S ____________________(Hereinafter called "the saidCarrier(s)") from the demand under the terms and conditions of an Agreement dated ___________made between _________________ the Company______________ and the Carrier(s)____________for (hereinafter called "the said Agreement") of the Security Deposit for the duefulfillment by the said Carrier(s) of the terms and conditions contained in the said Agreement onproduction of Bank Guarantee for Rs. _________ (Rupees ________________ only), We____________________(name of Bank) (hereinafter referred to as "Bank") at the request of M/S_______________________ (Carrier(s) ) do hereby undertake to pay to the Company anamount not exceeding Rs. ________ (Rupees _________________ only) against any loss ordamage caused to or suffered or would be caused to or suffered by the Company by reason of anybreach by the said Carrier(s) of any of the terms and conditions contained in the said Agreement.2. We ______________ (name of the Bank) do hereby undertake to pay the amounts due and payableunder this guarantee without any demur, merely on a demand from the Company stating that theamount claimed is due by way of loss or damage caused to or would be caused to or suffered bythe Company by reasons of breach by the said Carrier(s) of any of the terms and conditionscontained in the said agreement or by reason of the Carrier’s failure to perform the said Agreement.Any such demand on the Bank shall be conclusive as regards the amount due and payable by thebank under this guarantee. However, our liability under this guarantee shall be restricted to anamount not exceeding Rs. _________________ (Rupees _________________ only).3. We undertake to pay to the Company any money so demanded notwithstanding any dispute ordisputes raised by the Carrier(s) in any suit or proceeding pending before any Court or Tribunal orArbitrator relating thereto our liability under this present being absolute and unequivocal. Thepayment so made by us under this guarantee shall be a valid discharge of our liability under thisguarantee for payment there under and the Carrier(s) shall have no claim against us formaking such payment.4. We______________ (name of Bank) further agree that the guarantee herein contained shall remainin full force and effect during the period that would be taken for the performance of the saidagreement and that it shall continue to be enforceable till all the dues of the Company under of byvirtue of the said Agreement have been fully paid and its claims satisfied or discharged or till theCompany certifies that the terms and conditions of the said Agreement have been fully and properlycarried out by the said Carrier(s) and accordingly discharge this guarantee. Unless a demand orclaim under this guarantee is made on us in writing on or before _____________ we shall bedischarged from all liabilities under this guarantee thereafter.5. We _______________________ (name of Bank) further agree with the ________________Company that the Company shall have the fullest liberty without our consent and without affecting inany manner our obligations hereunder to vary any of the terms and conditions of the saidAgreement or to extend time of performance by the said Carrier(s) from time to time or to postponefor any time or from time to time any of the powers exercisable by the Company against the saidCarrier(s) and to forbear or enforce any of the terms and conditions relating to the said Agreementand shall not be relieved from our liability by reason of any such variation or extension beinggranted to the said Carrier(s) or for any forbearance, act or omission on the part of the Companyor any indulgence by the Company to the said Carrier(s) or by any such matter or thingwhatsoever which under the law relating to sureties would but for this provisions have effect ofso relieving us.42