Page 1 of 33 BRANCH SALES OFFICE – KANPUR 16 ... - Vizag Steel

Annexure-I(ON NON JUDICIAL STAMP PAPER OF APPROPRIATE VALUE)GUARANTEE BOND(FROM A SCHEDULED BANK)Name & Address of the Bank :Bank Guarantee No. & Date :Date of expiry :Claim period upto :Limit of liability :RefSubject: RINL/VSP’s Order No…………………………….For Storage, handling and selling of Iron and SteelMaterial of RINL/VSP at_______________.: Security DepositToRashtriya Ispat Nigam LimitedVisakhapatnam Steel Plant16/34, Bhargava Estate ,Civil Lines, Kanpur – 208001PH: 0512-2302586,2234124 FAX : 0512-2302508In consideration of Rashtriya Ispat Nigam Limited, Visakhapatnam Steel Plant, a GovernmentCompany incorporated under the Companies Act, 1956 having its Registered Office at MainAdministrative Building, Visakhapatnam-530031 (AP) and also having one of its Branch SalesOffices at KANPUR (hereinafter called the Company) having agreed to accept this Bond towardsthe Security Deposit of Rs……./-(Rupees…) under the terms and conditions of the agreementdated…….(hereinafter called ‘the said Agreement’) made between the Company andM/s_______________________________________________________________________(hereinafter called ‘the Consignment Sales Agent’) forHandling, storage & selling of the iron and steel materials covered under the said agreement as aguarantee for the security of materials despatched to the said Consignment Sales Agent in terms ofthe said agreement as also for the due fulfilment of all the terms and conditions contained in thesaid agreement on furnishing of a Bank Guarantee for Rs. ……/- (Rupees………..only),we……………………….(Name of the Bank) (hereinafter referred as the said Bank) do herebycovenant and agree with you as under:Page 28 of 33