T000003547_FileName_BHILAI FO Tender ... - Bharat Petroleum

Technical BidAnnexure-5(On a non-judicial stamp paper of Rs. 200/-as applicable on date and statute)INDEMNITY BONDThis Indemnity Bond executed on this ……………. day of …………… Two thousandeleven by M/s. …………………………. and having its registered Office at……………………………………………………… hereinafter called the said Transporter/s(which expression shall mean and include the partner or partners for the time being of thefirm and also include their or his respective heirs, executors, administrators, its successorsand assigns in law) in favour of Bharat Petroleum Corporation Limited, a Companyregistered under Indian Companies Act, 1913 having registered office at 4 & 6,Currimbhoy Road, Ballard Estate, Mumbai 400 001 hereinafter called `THE COMPANY'(which expression unless repugnant to the context shall include its successors andassigns) of the ONE PARTAndM/S _______________________________________ a Proprietorship / Partnership Firm /Private Limited / Limited Company having registered office / place of business at___________________________ hereinafter called “THE CARRIER” or Transporter(which expression shall be deemed to include legal heirs and executors of the presentconstituents in case of firm or official liquidator in case of Company) of the OTHER PART.WHEREAS the Corporation has awarded transport contract to the said Carrier fortransportation of Furnace Oil for the period of 2 years effective from __________ andextendable for another one year at Corporation’s option on the same rates, terms andconditions as per contract agreement signed and WHEREAS the said Transporter hasoffered ………. Nos. of tank-lorries to the Corporation owned by the said Transporter and……………No. of tank-lorries attached to their firm but not owned by them and declaredunder their control as their own. Details of these tank-lorries are given in the list attachedto the said transport contract Agreement.AND WHEREAS the Carrier offers the aforesaid number of tank-lorries either owned bythem and/or declared by the Carrier claiming as their own or any addition of tank-lorriesmade subsequent to the award of contract and declared as (either owned directly orattached to the firm).AND WHEREAS the said Carrier has requested the Corporation to accept the said tanklorriesand the additional tank-lorries made available subsequent to the award of contract,offered under the requisition slip of the said Transporter and the said Transporter hasagreed to execute this Indemnity Bond.IT IS, therefore, the intent of the Indemnity Bond of M/s._________________ the saidCarrier to indemnify and keep indemnified the Corporation as stated hereinafter:1) The said Transporter hereby agrees and undertakes to abide by all the terms andconditions of the tender and the transport contract agreement and that the saidTransporter shall be solely and absolutely responsible and liable with regard to the saidtank-lorries and the additional trucks made available subsequent to the award of contractand keep the Corporation indemnified against any loss, damage, liability and/or third partyclaim, whatsoever, which the Corporation may suffer due to utilisation of the said tank-T E N D E R N O . B P C / I & C / W R / 0 2 / F O / 2 0 1 2 Page 33