REQUEST FOR QUOTATION - GAIL (India)

General Conditions of ContractAny loss or damage to the equipment, during oceantransportation, port/custom clearance, inland and porthandling, inland transportation, storage, erection andcommissioning till such time the WORK is taken over byEMPLOYER, shall be to the account of CONTRACTOR.CONTRACTOR shall be responsible for preferring of allclaims and make good for the damage or loss by way ofrepairs and/or replacement of the parts of the Workdamaged or lost. CONTRACTOR shall provide theEMPLOYER with a copy of all insurance policies anddocuments taken out by him in pursuance of theCONTRACT. Such copies of document shall be submittedto the EMPLOYER immediately upon the CONTRACTORhaving taken such insurance coverage. CONTRACTORshall also inform the EMPLOYER at least 60(Sixty) days inadvance regarding the expiry cancellation and/or changes inany of such documents and ensure revalidation/renewal etc.,as may be necessary well in time.Statutory clearances, if any, in respect of foreign supplyrequired for the purpose of replacement of equipment lost intransit and/or during erection, shall be made available by theEMPLOYER. CONTRACTOR shall, however, beresponsible for obtaining requisite licences, port clearancesand other formalities relating to such import. The risks thatare to be covered under the insurance shall include, but notbe limited to the loss or damage in handling, transit, theft,pilferage, riot, civil commotion, weather conditions, accidentsof all kinds, fire, war risk (during ocean transportation only)etc. The scope of such insurance shall cover the entirevalue of supplies of equipments, plants and materials to beimported from time to time.All costs on account of insurance liabilities covered underCONTRACT will be to CONTRACTOR's account and will beincluded in VALUE OF CONTRACT. However, theEMPLOYER may from time to time, during the currency ofthe CONTRACT, ask the CONTRACTOR in writing to limitthe insurance coverage risk and in such a case, the partiesto the CONTRACT will agree for a mutual settlement, forreduction in VALUE OF CONTRACT to the extent ofreduced premium amounts.CONTRACTOR as far as possible shall cover insurance withIndian Insurance Companies, including marine Insuranceduring ocean transportation.i) EMPLOYEES STATE INSURANCE ACT:The CONTRACTOR agrees to and does hereby acceptfull and exclusive liability for the compliance with allobligations imposed by the Employee State InsuranceAct 1948 and the CONTRACTOR further agrees todefend, indemnify and hold EMPLOYER harmless forany liability or penalty which may be imposed by theCentral, State or Local authority by reason of anyasserted violation by CONTRACTOR orSUB-CONTRACTOR of the Employees' StateInsurance Act, 1948, and also from all claims, suits or58