EXPRESSION OF INTEREST - Vizag Steel

EOI for End to End Solutions T&S/10/003H) LIQUIDATED DAMAGES:59 The CONTRACTOR shall utilize sufficient number of required mechanicalequipments, to move the materials within free time and any damages /demurrages to ships or wagons, losses, charges including Port rent anddemurrage, expenses or cost that may be suffered or incurred by the COMPANYdue to CONTRACTOR's failure to comply with the above and dues thereof shall befully realized from the CONTRACTOR from any sums due to him without anyprejudice to other legal rights and remedies. The decision of the COMPANY inrespect of such damages, losses, charges, costs or expenses and the recoverythereof from the CONTRACTOR shall be final and binding on the CONTRACTOR.60 During the tenure of the contract if the COMPANY observes non-performance of thecontract to the satisfaction of the COMPANY, the COMPANY is at liberty to awardthe work for the balance period of tenure at the risk and cost of the CONTRACTORapart from any other rights available to the COMPANY.65 THC” means Terminal Handling Charges for the jobs enumerated in clauses 1 to 64of the special conditions of contract, payable by RINL to successful tenderer forRINL’s Cargo handled by SUCCESSFUL TENDERER at the Port, determined in themanner specified in Clause 67 & 68. The contractor shall quote only one rate ofTHC for handling of coking coal/ pulverized coal or boiler coal (steam coal) vesselsfor end to end solutions. The THC shall include the Wharfage charges, Dustsuppression( Pollution control) charges,agency charges for customs clearance, Plotrentals, siding & haulage charges, terminal charges & railway freight, stevedoringcharges & Handling and transportation of coal to RINL’s stock yard includingwagon loading ( C&F) charges and any other incidental charges.I) PAYMENT OF THE CONTRACTOR'S BILLS:66 CONTRACTOR shall submit his bills to T&S department in four copies as and whenthe operation is completed relating to one vessel.67 For the purpose of payment, “Payable weight” shall be 98% of the weightestablished through draught survey.68 Payment of bills:(a) The contractor shall use the billing cycle of 16th of the month to 15th ofsubsequent month. This bill shall be paid on 15th day from the date ofsubmission along with the documents stated in clause 68 (c) subject to anystatutory deductions such as Income tax. Bills shall be prepared andsubmitted for the quantity dispatched during the billing cycle at the THC rate.(b) The contractor is entitled for an amount up to 30% of the per MT, THC on thedischarged quantity to be paid on 7th day after completion of discharge ofeach Vessel, which shall be adjusted against their bills submitted pursuant toClause 68 (a). Such amounts will be accounted and adjusted Vessel wise.Page 18 of 42