REQUEST FOR QUOTATION - GAIL (India)

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General Conditions of Contractthereof, lost, damaged, destroyed, misused and/or misappropriated, as the casemay be or, together with GAIL'S costs and expenses (inclusive of but not limitedto handling, transportation, cartage, insurance, freight, packing and inspectioncosts/or expenses upto) and aggregate limit ofRs.______________________________________________(Rupees____________________________________________________________________________________Only).AND THE CONTRACTOR hereby agrees with GAIL that:i) This Indemnity/Undertaking shall be a continuing Indemnity/ Undertakingand shall remain valid and irrevocable for all claims of GAIL arisinghereunder upto and until the midnight of ________________. However, ifthe CONTRACT for which this Indemnity/Undertaking is given is notcompleted by this date, the CONTRACTOR hereby agrees to extend theIndemnity/Undertaking till such time as is required to fulfil the CONTRACT.ii)iii)This Indemnity/Undertaking shall not be determined by any change inconstitution or upon insolvency of the CONTRACTOR but shall be in allrespects and for all purposes be binding and operative until payment of allmoneys payable to GAIL in terms of hereof.The mere statement of allegation made by or on behalf of GAIL in anynotice or demand or other writing addressed to the CONTRACTOR as toany of the said material or item or part thereof having been lost , damaged,destroyed, misused or misappropriated while in the custody of theCONTRACTOR and/or prior to completion of the completed fabricatedwork(s) and delivery to job site thereof incorporating the said materialsshall be conclusive of the factum of the said material or item or part thereofhaving been supplied to the CONTRACTOR and/or the loss, damage,destruction, misuse or misappropriation thereof, as the case may be, whilein the custody of the CONTRACTOR and/or prior to the completion of thecompleted fabricated work(s) and delivery to job site thereof incorporatingthe said materials without necessity on the part of GAIL to produce anydocumentary proof or other evidence whatsoever in support of this.iv)The amount stated in any notice of demand addressed by GAIL to theCONTRACTOR as to the value of such said materials lost, damaged,destroyed, misused or misappropriated, inclusive relative to the costs andexpenses incurred by GAIL in connection therewith shall be conclusive ofthe value of such said materials and the said cost and expenses as also ofthe amount liable to be paid to GAIL to produce any voucher, bill or otherdocumentation or evidence whatsoever in support thereof and suchamount shall be paid without any demur and on demand and no disputeshall be raised concerning the same.75
General Conditions of ContractThe undersigned has full power to execute this Indemnity Bond on behalf of theCONTRACTOR under the Power of Attorney dated______.(SIGNED BY COMPETENT AUTHORITY)Place:Dated:Official seal of the CONTRACTOR76
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REQUEST FOR QUOTATION - GAIL (India)

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