Ship Wreak of ONGC training vessel Scrap - approx. 350 MT at Goa


Specification

Item Id 1287
Category Ship Wreak of ONGC training vessel Scrap - approx. 350 MT at Goa
Manufacture name Insured - OIL AND NATURAL GAS CORPORATION LTD
Model name Ship Wreak of ONGC training vessel Scrap
Model number 2025
Production date 21-Mar-2025
Location Velim, Margao, Goa
Market Maker meenakshi@salvagemanagers.com
Sound Invoice Value Rs. 4,00,000.00 / MT
Quantity 350 MT
Sound Invoice Lot Value Rs. 14,00,00,000.00
Reserve Price Rs. 28,000.00 / MT
Reserve Price Lot Value Rs. 98,00,000.00
Remaining Time

Ongoing Lot Bid Rs. 98,00,000.00
Current Bid Rs. 28,000.00 / MT
Incremental Bid / MT
Next Minimum Bid / MT
Upcoming

Details

 salvage material:

Description of goods

Salvage quantity

Salvage of the Ship Wreak of ONGC training vessel "Samudra Shiksha

Approximately 300–350 Metric Tons

Note: the auction shall be conducted strictly on an “As Is, Where Is,” “Whatever There Is,” And “No Complaint” basis in a single lot. Annexures (detail list) is provided for reference. Interested bidders are strongly advised to conduct their own independent due diligence and physically inspect the assets to verify their condition, quantity, quality, and all other particulars before participating in the auction.

No stakeholder shall be responsible for any discrepancy relating to the description, condition, quantity, quality, or any other details of the assets. The buyer must independently verify all information and satisfy themselves prior to submitting their bid. No claims, representations, objections, or complaints of any nature shall be entertained after the conclusion of the auction under any circumstances. Submission of a bid shall be deemed as confirmation that the bidder has inspected the assets and is fully satisfied in all respects.

Complete Salvage Address For Inspection

Oil And Natural Gas Corporation Ltd
Ipshem P.O. Via Velim, Betul, South Goa-403723

Contact Person For Inspection

(Name, Number)

Mr. Srikant K. Ughade - 9969225588

Claimed/Invoice Value

Rs. 14,00,00,000/-

Reserve Rate

Rs. 28,000/- per MT

(Exclusive Of GST)

 

Timetable:



































 



Inspection of
the salvage



EMD Deposit



e-Auction



Security
Deposit



Balance
Amount



Lifting



Date



Upto 09.04.2026



Upto 09.04.2026



10.04.2026



10% SD amount of Total Value Fetched Within 24
Hours of  confirmation/Approval, this
amount will be adjusted during final loading


(Failure
to comply with the above payment may result in forfeiture of the EMD
Amount deposit
and cancellation of the sale, without any further notice
or liability.)



·        
35%
shall be made within the next 2 days. (Loading and lifting will be permitted
only after & against  receipt of
this payment only)


·        
The
balance payment shall be made in advance in the next two instalments, within
7 days


 



Within 20-25 days



Time



10 AM TO 5 AM



Banking Hours



From 3 PM TO 5 PM



Note



With prior
appointment



Check banking
days and hours



05 Minutes of
Dynamic Time applicable




 



Commercials / TAXES / fee table:
























EMD
Amount



Rs. 10,00,000/-



To
be deposited one day prior to e-Auction



e-Auction
Facilitation Fee



Rs. 1,000/- plus GST



Security
Deposit Amount



10%
of the final bid value



To
be deposited within 24 hours of “H1” declaration



Taxes



As
applicable


(18%
GST)



@
18% on Services / Fee




 



 



Bank Details for EMD DEPOSIT:





























Account
Name



Adwiti
Technocrats Pvt. Ltd.



Bank
Name



Axis
Bank Limited



IFSC
Code



UTIB0004770



Bank
Address



Sector-
27, Noida, U.P.



Account
Type



Current



Account
Number



916020025588082




 



Note: To participate please
complete Participation form & agree with General T&C

Ship Wreak of ONGC training vessel Scrap - approx. 350 MT at Goa Ship Wreak of ONGC training vessel Scrap - approx. 350 MT at Goa Ship Wreak of ONGC training vessel Scrap - approx. 350 MT at Goa Ship Wreak of ONGC training vessel Scrap - approx. 350 MT at Goa Ship Wreak of ONGC training vessel Scrap - approx. 350 MT at Goa Ship Wreak of ONGC training vessel Scrap - approx. 350 MT at Goa Ship Wreak of ONGC training vessel Scrap - approx. 350 MT at Goa
Documents
Contact Salvage Manager about this items/lot.
Phone :Meenakshi Gupta -9625137014
Email :meenakshi@salvagemanagers.com

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