A1A - EIL Tender portal
A1A - EIL Tender portal
A1A - EIL Tender portal
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BPCL-KR<br />
Job: A307<br />
1.8.4 All payments shall be released either through Electronic Clearing System (ECS) / Electronic Fund<br />
Transfer (EFT)/ Real Time Gross Settlement (RTGS) or through internet, within 30 days of receipt of<br />
Invoice and all requisite documents, complete in all respects.<br />
1.8.5 Billing schedule shall be submitted to <strong>EIL</strong> & BPCL by the Supplier for approval within 30 days from<br />
the date of Purchase Order wherever specified therein. No payment against pro-rata dispatch shall<br />
be made without approval of Billing Schedule.<br />
1.8.6 Major Raw Material: Shall be as specified below:<br />
i. Columns and Vessels: Plates and Forgings<br />
ii.<br />
iii.<br />
iv.<br />
Heat Exchangers: Plates, Forgings and Tubes<br />
Pumps/Compressors: Castings and Drivers<br />
Any other item(s) as may be defined in MR/PR.<br />
2.0 PAYMENT TERMS FOR FOREIGN BIDDERS:<br />
2.1 Where the Material Requisition is only for Supply of materials<br />
2.1.1 100% of FOB Order Value shall be paid through an Irrevocable Letter of Credit against submission<br />
of Shipping Documents. The Letter of Credit shall be established only on receipt of acceptance of<br />
Fax of Acceptance/Purchase Order along with submission of Bank Guarantee of 15% of Order Value<br />
(10% towards Performance Bank Guarantee valid till full Guarantee period plus Three months claim<br />
period & separate 5% Bank Guarantee towards Price Reduction Schedule due to delay in delivery<br />
valid till contractual delivery date (CDD) + Five and half Months).<br />
For PGTR cases only<br />
In case of PGTR 90% supply amount shall be released through Letter of Credit and last 10% supply<br />
amount shall be released against successful demonstration of Performance Guarantee Test Run &<br />
submission of Invoices duly certified by Site-In-charge or 6 months from receipt of material at site<br />
(against BG of equivalent amount valid for 1 year), whichever is earlier. However in the event of<br />
delay in conducting the PGTR, the bidder is not relieved of his responsibility to carry out the same.<br />
No additional payment shall be made for visit of supplier to site for demonstrating the PGTR, if the<br />
same is included in the scope of supplier.<br />
2.2 Where the Material Requisition calls for Supply of material and Erection or Site Work in the<br />
scope of Supplier and Package Items<br />
For Supply Portion<br />
2.2.1 90% Payment of FOB Supply value through an Irrevocable Letter of Credit against submission of<br />
Shipping Documents. The Letter of Credit shall be established only on receipt of acceptance of Fax<br />
of Acceptance/Purchase Order along with submission of Bank Guarantee of 15% of Order Value<br />
(10% towards Performance Bank Guarantee valid till full Guarantee period plus Three months claim<br />
period & separate 5% Bank Guarantee towards Price Reduction Schedule due to delay in delivery<br />
valid till contractual delivery date (CDD) + Five and half Months).<br />
2.2.2 10% Payment of FOB Supply value through direct wire transfer through banking channels on<br />
completion of Erection or Site Work or Commissioning/Performance Guarantee Test Run (PGTR) at<br />
site, as applicable as per Purchase Order/Purchase Requisition (PR) against submission of final<br />
documents or Certificate of Completion of Work by BPCL Site.<br />
For PGTR cases only<br />
The above amount (10%) shall be released against successful demonstration of Performance<br />
Guarantee Test Run & submission of Invoices duly certified by Site-In-charge or 6 months from<br />
receipt of material at site (against BG of equivalent amount valid for 1 year), whichever is earlier.<br />
However in the event of delay in conducting the PGTR, the bidder is not relieved of his responsibility<br />
to carry out the same. No additional payment shall be made for visit of supplier to site for<br />
demonstrating the PGTR, if the same is included in the scope of supplier.<br />
For Site Work Portion (Erection/Commissioning/PGTR)<br />
2.2.3 100% Payment of Amount for Erection or Site Work or Commissioning/Performance Guarantee Test<br />
Run (PGTR) at site, shall be paid through direct wire transfer through banking channels on<br />
completion of Erection or Site Work at site as per Purchase Order against submission of Certificate<br />
for Completion of Work by <strong>EIL</strong> Site.<br />
The Letter of Credit shall be established only on receipt of acceptance of Fax of<br />
Acceptance/Purchase Order along with submission of Performance Bank Guarantee of 15% of Total<br />
Order Value [Supply+Site Work] (10% towards Performance Bank Guarantee valid till full Guarantee<br />
A307_SIB Rev.5 dtd: 20.06.2013 Page 5 of 21<br />
Page 24 of 291