sail isp burnpur bimbp 05 ofa 173 - Metaljunction

STEEL AUTHORITY OF INDIA LIMITED( A Govt. of India Enterprise )IISCO STEEL PLANTMaterials Management Department, Marketing Wing,Ph.: P&T 2240567 / WKS- 2278 FAX: 0341-2240524 / 2240018Regd. Office- Ispat Bhawan, Lodi Road, New Delhi-110003REF: MKTG/13-14/BIMBP-05/OFA-173Dt.15.07.2013ONLINE FORWARD AUCTION NOTICESteel Authority of India Ltd.,- IISCO Steel Plant will sell “BROKEN INGOT MOULD AND BOTTOM PLATE” asmentioned in the Annexure, Ex- Burnpur Works on “ Ex-Stock / Generation ” “As is where is basis” and “ Nocomplaint” basis by Online Forward Auction through internet, to be conducted by M/s. MetaljunctionServices Limited, Kolkata.Terms & Conditions:1. Material & Quantity: Description of Material & Quantity are given in the Annexure. The quantitymentioned in the Annexure is estimated availability only and ISP’s liability will be limited to supply theavailable material within the DO validity.2. Rate : Rate is to be quoted in Rs. per MT of material separately for each item. The rate should be quotedon ex- Burnpur Works basis and exclusive of all Duties & Taxes which shall be charged extra. The Ratesquoted should be valid for 30 days from the date of Online Forward Auction for acceptance by the company.3. Taxes & Duties : Excise Duty , VAT & Tax Collection at source (TCS) etc. as legally applicable shall bepayable by the customer.The Bidders must note that the bids are on Rupees per ton basis exclusive of excise duty, CST, VAT and othercharges.3.1 All taxes and duties whether local, state, central or any other shall be payable by the customer in full inaddition to the sale value as applicable for each item at the prevailing rates as on the date of delivery. For allpurposes, the date of invoice shall be deemed to be date of delivery. In case the customer wishes to avail ofconcessional rate of Sales Tax as may be applicable as per statute, the customer shall have to producedeclaration in statutory forms as per rules to avail concessional rate of Sales Tax whereupon necessaryrefund will be made as due under the law. Otherwise sales tax at full rate will be charged.3.1.1 In the event of dispute in regard to Excise Duty and Central Excise authorities levying additionalcharges for any reasons whatsoever, such duty / charge shall be payable by the customer.3.1.2 The penalty imposed by the Excise authorities for non-observance of Exciseprocedure by the customer shall be borne by the customer.3.1.3 For all the purpose the date of despatch advice will be deemed to be the date of delivery in case ofroad delivery.3.1.4 Balance amount will be refunded adjusted by Finance Deptt. on receipt of Delivery CompletionReport / Refund Advice.3.2 Charge of Sales Tax (VAT / CST) and issue of Statutory Forms.Contd. On page -2

Page….2….MKTG/13-14/BIMBP-05/OFA-173 Dated :- 15.07.20133.2.1 The applicability of the tax on the sales (VAT/CST) is determined on the basis of the movementof goods.. (For instance goods loaded on board for movement within West Bengal would attract VAT eventhough the customer is a registered dealer outside West Bengal . Similarly in case of goods being loaded onboard for movement outside the State of West Bengal , CST would be chargeable even if the customer is aregistered dealer under the West Bengal VAT Act).In case the goods have to be moved outside West Bengal , the customer should declare the same at the timeof bid itself and subsequently the customer should deposit the differential amount of sales tax which will bereimbursed on submission of following documents along with C-form :-The consignee copy of RR /LR showing SAIL-ISP as the consignor and if goods are moved by road ,the copy ofthe way bill /ED invoice endorsed by the exit check-post of the commercial tax department of the state.In case the above documents are not submitted by the customer ,then the amount deposited will standforfeited.3.2.2 “C - Form” against concessional inter-state sales would be issued only by the SOLD-TO customer.Under no circumstances, the Form issued by SHIP-TO customer would be accepted.3.2.3 “E1 Form” would be issued only to the SOLD-TO customer against submission of “C Form” by thesame. Under no circumstances, the Form would be issued to SHIP-TO customer.3. 2. 4 Timelines for submission of Forms / request for issue of Forms would be as below :-a. Submission of C Form: All “C” Forms against concessional inter-state sales must be submitted by thecustomers (complete in all aspects) for every quarter by the last day of the subsequent quarter (except forthe E1 customers wherein it has to be submitted within 60 days from the end of the quarter , so that E1 formcan be issued well in time ). In case of non-receipt of “C” form as aforesaid; Debit Notes for the differentialtax would be raised in the following month, after the end of succeeding respective quarter. Customersoutside state of West Bengal wishing to avail concessional CST shall be required to submit an undertaking inthe standard format of ISP Burnpur where “C” FORM will be submitted subsequently by the party.b. Request for issue of E1 Form: Customers eligible for issue of E1 Forms, are required to provide monthly E1transaction details in the specified format, on or before the 5th working day of the subsequent month.Requisite documents along with the enclosures should be submitted within 60 days of the end of thequarter. This shall be entertained subject to receipt of C Forms along with correct endorsement asmentioned above. Any requests / applications / details / documents (as mentioned above), received beyondthe above timelines shall not be accepted or processed under any circumstances.4. Payment Terms: Successful bidders shall have to deposit payment at ISP, Burnpur for the materials as peroffer by DD / PO / Bankers Cheque in favour of Steel Authority of India Limited- IISCO Steel Plant, payableat BURNPUR / ASANSOL / or through RTGS / NEFT Mode to State Bank of India, Burnpur Branch ( A/c. No.10981831604 & IFSC Code SBIN0000049 ) within 4 working days from the date of offer. In no case cheque/ cash drawn in favour of Steel Authority of India Limited- IISCO Steel Plant should be deposited with thebank. Extension in payment may be considered by ISP up to maximum 3 working days on payment of latepayment fee @ 24% Per Annum on material value. In case of SB’s failure in making payment against theoffer, the offer will be cancelled, EMD will be forfeited and the successful bidder will be debarred fromparticipation in our auctions for the same item for three (3) months.5. Delivery Order- The D.O. will be issued on receipt of payment and the customer shall have to lift the entirematerial within the validity period allowed in the D.O., failing which the D.O. will be cancelled and necessaryaction will be taken as per “SAIL FA 1”. In case the failure / delay in delivery of material is not attributableto the customer, the validity of delivery period will be extended or the cost of leftover material shall berefunded as per recommendations of the concerned department.Contd. On page …3

Page….3….MKTG/13-14/BIMBP-05/OFA-173 Dated :- 15.07.20136. Loading of Material- Successful bidders will be required to collect the materials on “Self Loading” basis asmentioned in the enclosed Annexure. The successful bidder will have to arrange loading of the material in tohis vehicles by using his own labourers and crane etc. at his own cost & arrangements.7. a) Delivery :i. No pick & choose will be allowed. Material shall be lifted by the successful bidder under supervision /presence of the concerned executing deptt. and CISF personnel. Material will be delivered by Road transportand as per loading programme issued by the concerned Mill of SAIL- ISP, Burnpur. No delivery shall beallowed on holidays or Sundays unless approved otherwise by the competent authority. The material shall bedelivered to the firm’s representatives / lifters against proper authority letter issued by the proprietor,partner or director of the firm. The successful bidder will be required to issue authority letter on letter headsin 3 copies for lifting of material by their representatives.ii. Loading has to be done in such a way that the Gross weight of the vehicle does not exceed the capacity ofvehicle mentioned in the Vehicle Registration Book. Customers should refrain from loading of material overand above the capacity of vehicles and in case of any lapses, ISP will not be held responsible in this regard.b) Extension in Delivery Period - On Customers’ request, extension in Delivery Period may be considered asfollows:-i) In case the customer fails to complete delivery of material within the delivery periodmentioned in the D. O, the extension in delivery period may be allowed by ISP against payment ofpenalty @ 1% per week ( 07 working days ) provided that the customer has lifted 50 % of theDelivery Order Quantity within the Validity period of Delivery Order. If the customer fails to liftless than 50% of the Delivery Order Quantity within the validity period of Delivery Order, penalty@ 5 % per week ( 07 working days ) will be charged.The extension in D. O. validity period will be allowed only once and the period of extension willnot exceed the original validity period of Delivery Order.ii) In case the delay in delivery of material is not attributable to the party, which the executingdepartment has to certify, extension in delivery period may be allowed without penalty.8. Earnest Money Deposit (EMD) Earnest money to be submitted as mentioned in the Annexure –A page no-4. No interest shall accrue on EMD. Earnest Money Deposit (EMD) shall be deposited in the form of Demanddraft (D.D.)/ Pay order (P.O.)/ Banker’s Cheque (B.C.) drawn on any Scheduled bank, in favour of MJUNCTIONSERVICES LIMITED at any branch of HDFC Bank with CMS facility. A list of such branches has been uploadedat https://auction.metaljunction.com. Bank Account details of M/s-MJUNCTION SERVICES LIMITED are asfollows:Bank NameHDFC BankBranch NameCentral PlazaAddress 2/6, Sarat Bose Road, Kolkata - 700020Current Account No 00140310003480IFSC CodeHDFC0000014MICR Code 700240003RTGS / NEFT facility is also available for depositing EMD. Buyers wishing to avail RTGS / NEFT facility shouldcontact the nearest office of mjunction services ltd at the address mentioned athttps://auction.metaljunction.com for details.NB: It is not possible to adjust EMD from any other sum of money due from the plant, on account of pendingbills, security deposit or EMD paid towards another tender.Contd. On page …4

Page….4….MKTG/13-14/BIMBP-05/OFA-173 Dated :- 15.07.20139. Submission of Documents : The interested bidders are required to submit the following documents alongwith EMD under covering letter on their letter head by 17.00 Hrs on 18.07.2013a) Earnest Money Deposit.b) Letter of Interest and each page of the OFA document duly signed & stamped by the Proprietor,Partner or Director of the firm. In case these documents are signed by any other person, a letter of authorityin favour of the signatory issued by the Proprietor, Partner or Director of the firm should be enclosed.c) Self-attested photocopy of PAN and VAT Registration Certificate.d) Bank Details ie. A/c. No., Name & address of the Bank.10. Inspection : Materials shall be available for inspection on any working day in consultation with DGM (MM ) / AGM ( MM ) Mktg., SAIL-ISP , Burnpur, between 9.00 A.M. to 5.00 PM.11. Weighment: Materials shall be weighed at ISP’s Electronic Weighbridge for both tare and gross weight.The same will be binding for all purposes and calculations.12. Road Despatch Procedure- ISP’s Standard Road Despatch Procedure is given in the enclosed Annexure B.13. Date of Online Forward Auction : OFA will be conducted on 19.07.2013 from 4.00 PM onwards. Thebidders who fulfil all criteria to participate in the online forward auction may take training from M/s.Mjunction on the online bidding procedure to be followed during the OFA. For registration and submission ofdocuments along with necessary EMD, please contact 1) For Iron & Steel Materials – Ms. ParomitaBhattacharya – 033- 66106206, 2) For Coal Chemicals - Ms. Poonam Rana : 9163348230, Mr. SudiptaMukherjee : 9163348124, 3) For Coke Fractions – Mr. Sangeeta Roy :033-66106254 and 4) For Idle Assets Mr.Rajat Dhall : 9163348046, Mr. Raunak Bose : 033-66106263 and Ms. Sayanti Chowdhury : 9163348195 atM/s. Metaljunction Services Limited, Third Floor, Godrej Waterside, Plot No.5, Block DP, Sector 5, Salt LakeCity, Kolkata 700 091, and Mr. Arghya Ghosh / Sabyasachi Poddar : 033-661331164 at Tata Centre, Kolkataor their Branch Offices at Burnpur- Mr. A K. Azad- 9163348128, Durgapur -0343-6510185, Kanpur- HemantMatreja-09235505035, Mandi- 09216960169, Bokaro : 09771475259, Rourkela-0661-6514142. Documentsreceived without EMD shall be rejected straight-away and the bidder will not be allowed to participate in theOFA.14. Safety : The lifting has to be carried out from the specified area only. The customer and his men like thelabourers, drivers of trucks, loaders have to observe all safety rules and regulations inside the works. Allsafety equipment and appliances are to be provided to the labourers engaged by the customer at his owncost & arrangement. Customers’ vehicles should ply only in the routes indicated by ISP/ CISF. The customershall have to ensure adequate care of their vehicles so that ISP’s property is not damaged. Use of MobilePhones will not be allowed while driving Vehicles and Cranes within ISP premises failing which, punitiveaction as deemed fit will be taken against the customer by ISP. The customer shall indemnify ISP against anyaccident or loss of life.15. General Terms & Conditions : The General Terms & Conditions of Sale through Online ForwardAuction ie. “SAIL FA-1” which is available at http:// auction.metaljunction.in for reference is also applicableand binding on the bidder. However, bidder’s participation in the O.F.A. will itself construe their acceptanceof all the terms and conditions of this O.F.A. Notice. The company reserves the right to accept or reject anyor all bids without assigning any reason whatsoever and is not bound to accept the highest rate.In case the Successful Bidder or his representative working for and on behalf of the buyer is found involved inany unauthorised or wrongful removal of materials not sold to him, or in any attempt for such removal, thisshall amount to breach of contract caused by the buyer and ISP shall be entitled to forfeit the entire SecurityMoney and any other amount, money or materials that may be lying with ISP at the risk and cost of thebuyer. The buyer shall be further liable for all the loss that might be caused to ISP on account of suchunauthorised / wrongful removal. In such an event, ISP shall ban business dealings with such buyer. Thedecision of ISP management shall be final and binding on the buyer in all such cases.Contd. On page …5

Page….5….MKTG/13-14/BIMBP-05/OFA-173 Dated :- 15.07.201316. Terms & Conditions of Metaljunction - The Terms & Conditions of the online forward auction (Annexure A ) and meaning of some key terms ( Annexure B ) are available athttp://auction.metaljunction.in for reference. The bidders are required to submit copies of thesedocuments, OFA document and letter of interest duly signed & stamped along with required EMD to becomeeligible for participation in the OFA.NB: “SAIL FA1” & “SAIL S1” & “Definition of Key Terms” which are available athttp://auction.metaljunction.com for reference are also applicable and binding on the bidder.DGM (MM) Mktg.

Annexure to O.F.A. Notice No REF:MKTG/13-14/BIMBP-05/OFA-173 Dt. 15.07.2013OFA will be conducted on 19.07.2013 from 4.00 PM onwards.MATERIAL LIST (DEFECTIVE STRUCTURALS)ItemNo.Material/location1. BROKEN INGOT MOULDAND BOTTOM PLATELocation: FSNL YARDQty.(MT)200Loading Processing DeliveryPeriodF.O.T.ByFSNLNOTALLOWED 6W/ DAYSEMD(Rs)VAT/ CSTExcise DutyWith Cess1,00,000/- ApplicableNote-1. ED, VAT, CST & TCS will be charged as applicable on the date of delivery2. TCS @ 1%wherever applicable will be charged on Material value including Excise Duty and VATExemption in TCS will be allowed from the date of receipt of TCS Certificate. Customers seeking exemptionIn TCS are requested to submit TCS exemption certificate in advance for each month separately, failingwhich TCS at full rate will be charged in the invoices.3. Our Present TAN No.CALS27449CEMD is to be submitted by 17.00 Hrs on 18.07.2013DGM (MM, Mktg)SAIL-ISP, Burnpur

Ref:LETTER OF INTERESTToDy General Manager (MM, Mktg)Burnpur Mktg DepartmentOld Material, BuildingSAIL- IISCO Steel PlantBURNPUR- 713325 (W.B)THROUGH: M/s. Mjunction Services LimitedDate: _______REF. : Online Forward Auction vide Auction Notice No-MKTG/13-14/BIMBP-05/OFA-173 Dt: 15.07.2013Date of Auction: 19.07.2013 at 4.00PMLast Date of EMD & required documents submission: 18-07-2013 upto 5.00PMDear Sir,(1) We are interested in participating in the Online Forward Auction notified vide your notice under reference “BIMBP” ExSAIL-ISP Burnpur and lifting to be done ex SAIL-ISP Burnpur . We also agree to abide by all the instructions contained inthe indicated Online Forward Auction Catalogue below, General Rules and Regulations governed in Conduct of OnlineAuction, invitation to online forward auction notice, your special terms and conditions , your General Terms and Conditionsand ISP’s standard road dispatch procedure for Sale of Material by SAIL-ISP, Burnpur.(2) We are hereby submitting the applicable “One-Auction EMD” of as mentioned in Annexure-1 (100,000/-), as perfollowing detailsa)By DD / PO: ………………… Dated:…………………Rs……………………… in favour of “MJUNCTION SERVICES LIMITED”(CMS Code: MSAILEMD) for participating in the above mentioned Online Forward Auction only.(OR)b) By NEFT / RTGS vide UTR No: ……………………………….. Dated: ……………………Rs……………………………..(OR)c) By direct transfer from the HDFC Bank account to “MJUNCTION SERVICES LIMITED” Rs……………………………..as per below mentioned details:-Bank NameHDFC BankBranch NameCentral PlazaAddress 2/6, Sarat Bose Road, Kolkata - 700020Current Account No 00140310003480IFSC CodeHDFC0000014MICR Code 700240003(3) We agree to offer our best bid in Rupees per MT ex works of SAIL-ISP Burnpur for each lot separately in theauction process, exclusive of Central Excise Duty with Cess, Sales Tax, Royalty and other Statutory Levies if any, asapplicable and hold the same valid for 30 days for acceptance of the bid from the date of e-Auction.(4) We are providing the following details of ourselves in connection with the above Online Forward Auction.Name of the Company :Address of the Company :USER ID :Name of the contact person :Mobile No. :Contact Telephone Nos :FAX No. :E-mail Particulars :Enclosure: 1) Annexure A, B, & Invitation to OFA duly stamped & signed on each page.2) Trade License along with VAT registration certificate, PAN & excise registration (if applicable).Yours faithfully,Place: _________________________Date: _________________________Name and Signature of authorized Person.For M/S ____________________________(With Company’s Seal)

FORMAT FOR CUSTOMER MASTER (This must be filled up by the customer)1. CUSTOMER NAME:2. CUSTOMER ADDRESS:3. CONSIGNEE NAME :4. CONSIGNEE ADDRESS:5. PAN NO:6. VAT NO:7. TIN NO:8. ECC NO:9. CONTACT PERSON Name & MOBILE NO:10. E-MAIL ID:11. FAX NO:12. STATUS: COMPANY / NON COMPANY13. ORGANISATION TYPE: GOVT. / PSU / PVT / RLY / IPT / SUBSY14. BANK NAME:15. BANK A/C NO:16. BANK BRANCH:17. IFSC CODE:18. ANY OTHER INFORMATION:NAME & SIGN OF THE APPLICANT:COMPANY SEAL(PROOF OF PAN /VAT /ECC /BANK DETAILS MUST BE ENCLOSED, IF PAN CARD IS NOT IN THE NAME OFCUSTOMER, OWNERS PROOF IS REQUIRED)FORWARDED BY ORDER DEPARTMENT

Annexure to O.F.A. Notice No REF: MKTG/13-14/BIMBP-05/OFA-173 Dt. 15.07.2013ROAD DESPATCH PROCEDURE1. The customer will authorize maximum three persons to deal with SAIL- ISP duly attestingtheir signature. DO issuing authority at SAIL- ISP will also authenticate the signature and sendrequired documents to concerned departments.2. Authorized lifter will report to vehicle gate along with copy of DO, authorization letter andvehicles for loading. CISF personnel will check the DO, authorization letter and vehicles.Vehicles should be empty and registration mark painted on the body of the vehicles. CISF willmake necessary entries in their register.3. Vehicles will then report to the concerned weigh bridge along with loading programme issuedby the loading deptts for tare weighment. Weigh Bridge In-charge will check the DO,authorization letter of the lifter and the balance material due to the party. CISF at W/B willcheck that the vehicle is empty. A pink card with serial number will be issued to thecustomer’s authorized representative / lifter and recorded in the register.4. Vehicle will then report to Loading Deptt. along with Pink Card., vehicle entry pass, DO andauthorization letter. Pink Card serial number would also be incorporated in the loadingcertificate.5. After completion of loading with adjustment if any, this shall be done in presence of loadingsupervisor and CISF personnel on duty. The respective loading supervisor and CISF personnelon duty will sign on the final loading certificate / shipping advice to certify that the vehicleshave been loaded with only specified material as per DO. Signature should be accompanied byfull name of the personnel.6. The lifter will take the loading certificate back to loading deptt. Where challan / shippingadvice will be issue. The loading deptt. Will make necessary entries in their register indicatingtime of exit of the vehicle from loading deptt. The loading deptt Manager will check andfinally sign on the challan / shipping advice and hand over the documents to the lifter andallow the vehicle to go to the concerned weigh bridge for gross weighment.7. The vehicle will move to the concerned weigh bridge in approved route only. The lifter willproduce the following documents at the weigh bridge for gross weighment,.a) Copy of DO b) Letter of authority c) Vehicle entry pass d) Loading certificate e)Delivery Challan / Shipping Advice and f) Pink Card.8. In case of any material to be adjusted in the form of offloading from the vehicle or furtherloading in to the vehicle an adjustment form, in duplicate signed by the weigh bridge in-chargeor his authorized representative, will be given to the lifter mentioning .i) Vehicle Number ii) D. O. No. & date iii) Gross Weight (before adjustment ) iv)Quantity to be off-loaded / further loaded.The adjustment will be allowed for once only for a particular D. O. ie. in the last trip.

REF:MKTG/13-14/BIMBP-05/OFA-173 Dt. 15.07.20139. The lifter will take the loaded vehicle along with the adjustment form to the loading deptt.After due adjustment, the loading supervisor and loading deptt’s manager or his authorizedrepresentative will sign on both copies of the adjustment form. One copy will be retained bythe loading deptt. And the other copy will be given to the lifter for submitting at the weighbridge. Such vehicle should have a Pink Card with the driver.10. Final Gross Weighment will be taken and necessary entries will be made in the computer. Thecombined Despatch Challan Cum Invoice will be printed and handed over to the party/ lifter,duly signed by the weigh bridge in-charge. The weigh bridge will issue one Green Card withsame serial number of Pink Card to the customer’s authorized representative / lifter. Thevehicle with the Invoice, Green Card and Entry Pass will proceed to the vehicle gate by theapproved route only. Vehicle with Green Card will not be allowed to go back to loading pointor any other place inside the plant. The approved route will be intimated by CISF.11. Customer’s representative / lifter will produce the Combined Challan cum Invoice and depositthe same along with Green Card and Entry Pass to CISF personnel at the vehicle gate. CISFwill check the documents and retain one copy of the Combined Challan Cum Invoice ( as GatePass ) along with Entry Pass and Green Card and allow the vehicle to go out.12. In case of unavoidable circumstances, if any empty vehicle, which has entered through all theformalities for loading, has to be returned empty, an authorized executive of the loading deptt.and CISF personnel will jointly inspect and also witness re-weighment of the vehicle atweigh bridge and certify that the vehicle is going out empty. Circumstances & reasons will berecorded and signed. No vehicle will be allowed to stay inside the plant overnight. In case ofbreak down, the vehicle may be allowed to stay inside the plant as per existing procedure.

ANNEXURE – CGENERAL RULES AND REGULATIONS GOVERNING CONDUCT OFONLINE AUCTIONSINTRODUCTIONThis online auction is being conducted for Steel Authority of India Ltd. (hereinafter referred as the"Client") on the Service Provider platform (hereinafter referred to as the "Service Provider")."The General Rules and Regulations governing conduct of Online Forward Auction" provided hereingovern the conduct of online forward auctions arranged by the Service Provider on its auctionplatform. These rules cover the roles and responsibilities of the parties in the online forward auctionson the auction platform. Acceptance in toto to "SAIL – FA1 (General Terms & Conditions for salethrough Online Auction/Forward Auction (FA) )", "General Rules & Regulations governing conductof Online Forward Auction" and Special Terms & Conditions of sale of materials is a pre-requisite forsecuring participation in the online auction.The key terms pertaining to the online auctions are provided in the Annexure-D. Prospective biddersare advised to go through the same.Role of the "Service Provider"The Service Provider is the agency (operator) primarily providing the Service of the Forward auctionto the "Client".Finalisation of any third party contract suitable for the current auction.Finalisation of the auction items in consultation with the Client.Defining of the bidding rules for each Auction in consultation with the Client.Enhancing bidder awareness of and comfort with the auction mechanism and bidding rulesProviding Auction outcome to the client after the auction is completed.The responsibility for fulfillment of the contract rests between the bidders and the client and ServiceProvider shall have no liability on this account.Role of the BidderThe role of the bidder is outlined below:Defining of the bidding rules for each auction in consultation with the client.Educating bidders about the auction mechanism and bidding rule.Input of the action items and defining of the bidding rules in the auction engine.

Providing access to the approved bidders to participate in the auction.Summarizing of the auction proceedings & communicate the outcome to the client.The bidder would participate in the auction with the aim of bidding to secure the auctioned item in theauction.The bidder would be provided access to the Auction through a User Id protected by a password. Thebidders are also requested to change the password allocated to them by the Service Provider to keeptheir confidentiality. However it would be bidder's sole responsibility to ensure the security andprivacy of the same and he/they would not hold the client/Service Provider responsible in any mannerwhatsoever for any misuse of these user Ids and/or Password. Access to the auction mechanism shallbe provided to all the approved bidders subsequent to obtaining their written consent to the SAIL –FA1 (General Terms & Conditions of SAIL of CMO for sale through online auction/forward auction(FA), General Rules & Regulations governing conduct of online forward auction, letter of interest andSpecial Terms & Conditions of sale if any. Payment of Earnest Money Deposit (EMD) as decided bythe client minimum 1(one) working day before the start of the Forward auction will be one of thenecessary conditions for participating in the auction.Bidders hereby confirm that they shall commit to lift the product (being bid for) at the price entered bythem in the auction engine AND at the terms and conditions specified herein by the Client. All Pricesentered shall be legally binding on the Bidders. Bidders are strongly advised to exercise due diligencewhile placing bids. Failure to honour the bids placed during the online Bid shall render the biddersliable for any penal action as deemed fit by Client/Service Provider.In the event of winning an allotment in the auction mechanism, the bidder shall commit to fulfilloutlined obligations under the contract.The bidder shall bid on the terms specified by the client and place his/their bids in the auction enginein the manner specified by Service Provider. The Bidder shall not stipulate any conditions on his/theirown unless the terms of the Client (in the Client’s Terms and Conditions) expressly permit suchconditions being stipulated by the Bidder. Bids entered with conditions attached shall be consideredConditional bids and Service Provider retains the right of rejecting these bids even without intimatingthe Client.Bidding RulesThe Bidding Rules refer to the information and terms defined specifically for a particular auction. Thepurpose of the Bidding rules is to provide approved bidders with the information and terms specific tothe auction in which they are bidding. This would include:Definition of the unit of biddingStart Time and duration of the auctionAny extension of the duration of the auction in the event of bids being received towards the end of thepre-specified durationReserve Price (if specified)

Minimum & Maximum Bidding Quantity/value (if specified)Price Increments and any reduction in the price increment in the auction in the event of inactivityOther attributes (informational/non-negotiable in nature)While it shall be the endeavor of the Service Provider to specify these rules at the earliest for eachonline bid, the Service Provider shall have the right to delay the announcement of these bidding rulesor modify rules specified earlier at the time of the online Bid. These details would be available to thebidders on the auction engine at the time of bidding.Participation in the auction process presumes complete awareness and understanding of the biddingrules as provided on-line at the time of the auction.Conduct of the AuctionOnly those bidders who have been approved by the "Client" and/or have handed over stamped andmanually Signed "SAIL-FA1 (General terms and conditions of Sale through Online Auction/ForwardAuction (FA))", "General Rules & Regulations governing conduct of online forward auctions", Letterof Interest, Special Terms & Conditions of sale, if any and the necessary EMD amount to the serviceprovider at least one day prior to start of online auction will be given User ID and Password to enablethem to view and participate in the online auction. Letter of Interest, Special Terms & Conditions ofsale, if any and the necessary EMD amount shall be submitted to the Branch Sales Office. However, atime of 5 working day shall be provided for in between the date of Online Auction Notice and the dateof conduct of Online Forward Auction.The auction shall be communicated and conducted on pre-specified date. The key terms pertaining toconduct of the auction such as Start Time, Duration, End Time and Auto Extension Facility shall bespecified separately for each auction.During the course of auction a facility will be provided to the bidder to ascertain whether his bid is thehighest so that he can raise his bid if he/she so desires.Service Provider reserves the right to cancel or reschedule the auction with the approval of competentauthority on any of the following reasons:1. The number of confirmed bidders is deemed insufficient to conduct the auction2. Some of the confirmed bidders are unable to access the module due to infrastructure problems suchas sustained power failure or telecommunication breakdown.3. There are no bids accepted which are equal to or below any start Bid price.4. Any other reasons which in the opinion of Service Provider/Client requires such action to beinitiated.The duration of the auction may also vary from the pre-specified period of time on account oftermination of the auction by Service Provider.

a) On the advice of the client orb) In case of situations where it is felt that continuance of the auction proceedings is prejudicial to thesmooth conduct and/or the integrity of the auction process.O RDue to auto extension during the auction, the duration may increase from the specified period.In the event of any problems being faced in the smooth conduct of the auction, Service Provider withthe approval of competent authority shall have the right to undertake one or more of the followingsteps:Cancellation/ premature termination of the auction with/ without a subsequent rerun of the auction ona mutually decided dateCancellation of a bidLock/deactive a bidder’s account (suspension of operations in the account), etc.In case of failure of net connection, bidder will give his best price to the Service Provider. ServiceProvider will bid on behalf of the bidder with the minimum increment until the bid price reaches thebest price offered by the bidder, by proxy bidding mechanism. The best price communicated by thebidder will have to be by written confirmation or fax to the Service Provider and will be keptconfidential between the Service Provider and the bidder. However, the bids received through onlineauction platform shall only be acceptable. The Bidder will be bound by the price offered.Liability of Service ProviderService Provider shall not be liable to the client/ bidders in the auction or any other person/s for:a) Any breach of contract by any of the parties in the fulfillment of the underlying contractb) Any delay in initiating the online auction or postponement/cancellation of the online auctionproceedings due to any problem with the hardware/ software/ infrastructure facilities or any othershortcomings.While, reasonable care and diligence is taken by Service Provider in discharge of its responsibilitiessuch as design of the online bid, communication of bid details and rules, guidance to client/bidders inaccessing the Auction Engine and placing bids, etc. the bidders shall specifically indemnify ServiceProvider from all liabilities for any shortcomings on these aspects. It is clearly understood that theseactivities are undertaken by Service Provider to assist the bidders in participation but the ultimateresponsibility on all these counts lies totally with the bidders.Right of the Client

The Client reserves the right to partially or totally accept or reject any/all bids placed in the OnlineAuction without assigning any reason whatsoever, the decision of the client would be final andbinding on the bidder in any such case.Confidentiality ClauseService Provider undertakes to handle any sensitive information provided by the client or confirmedbidders for the auctions with utmost trust and confidentiality.JurisdictionAny disputes relating to the online auction module shall be subject to the sole jurisdiction of Court ofLaw having jurisdiction over the Branch from where the material is made available / sold.Signed in acceptance of the above terms & conditionsDate:PlaceNameDesignation of SignatoryContact No. at the time of Auction