Sub-standard granular imported NPK 12-32-16 Chemical Fertilizer -3605.700 MT

Specification

Item Id	986
Category	Sub-standard granular imported NPK 12-32-16 Chemical Fertilizer -3605.700 MT
Manufacture name	Insured- M/s. Krishak Bharati Cooperative Ltd. (KRIBHCO)
Model name	Sub-standard granular imported NPK 12-32-16 Chemical Fertilizer -
Model number	2023
Production date	15-Jun-2023
Location	Mundra, Mundra, Gujarat
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 37,427.00 / MT
Quantity	3605.700 MT
Sound Invoice Lot Value	Rs. 13,49,50,533.90
Reserve Price	Rs. 8,000.00 / MT
Reserve Price Lot Value	Rs. 2,88,45,600.00

Remaining Time

Ongoing Lot Bid	Rs. 0.00
Current Bid	Rs. 0.00 / MT
Incremental Bid	/ MT
Next Minimum Bid	/ MT

Expired

Details

Brief Material description– Sub-standard granular imported NPK 12-32-16 Chemical Fertilizer –

Qty - 3605.700 MT

Invoice Value: Rs.13.50 Cr.

Reserve Rate: Rs. 8,000/-per MT (Taxes extra)

Maximum selling Price (Set by FCO)–32,222/-per MT

Incremental Bid–Rs. 200/-

A.
Special Conditions/Commercial Terms of this
E-Auction:

(These
conditions override or supplement general T&C of this participation form)

Disposal of the above
material is being held on following special conditions specific to this
E-Auction:-

1. Basis
of sale: The sale of offered goods for Per MT basis exclusive of
applicable GST

2. Deposits
and Lifting: After depositing 25% advance payment apart of security deposits
(refer to Payment Terms) H1 shall be allowed to start lifting and post to
100% payment shall be allowed to clear the lot awarded to them. The seller has
indicated that the site can be cleared within a period of 15 working days (Upto
05.02.204). Any delay in doing the same, H1 shall be liable to pay
ground rent as directed by seller

3. Incidental
charges: All charges incidental to loading and lifting of material will be
borne by the H1 Buyer.

4. Dynamic
Time: The eAuction shall automatically extend by 05 MINUTES in case
someone enters a bid in the last one minute of the remaining time in closure of
auction. This shall continue indefinitely until no one bids in the last one
minute of the time remaining. Bids in dynamic time can be placed by 50% of
incremental bid value.

5. Participation/Facilitation
Fee = Rs. 5000/- + GST

6. Information
on invoicing: License of fertilizer
manure Mixture, GST certificate, cancelled cheque, Pan card/Adhaar Card
copy

7. Information
on Taxes applicable: GST@5%

8. Participants
must comply with FCO guidelines of selling Sub-standard granular
imported NPK 12-32-16 Chemical Fertilizer (enclosed)

1. Earnest
Money Deposit ( EMD) Information:

1.1. Security deposit is always 10% of the final
bid amount. H1 is required to complete security deposit amount before lifting
of material & obligate & validate as per T&C of seller.

1.2. Interested
buyers must pre-qualifying themselves for participation in the above auction,
by paying a pre-bid amount / EMD of Rs.15,00,000/-(Fifteen
Lakh) by mode of RTGS to the following account along with this E-Auction
form duly filled & signed.

Adwiti Technocrats Pvt. Ltd

Account no. 916020025588082, IFSC Code: UTIB0004770

Axis
Bank Limited. Sector- 27, Noida, U.P.

1.3. The
pre-bid / EMD and eAuction form to be deposited in physical form or electronic
form (NEFT + scanned form of EMD) to the latest by previous day of e-Auction.

1.4. The EMD
will not attract any interest & will be dealt with as per the procedure
mentioned below:-

1.4.1.
Wherever EMD is held by us, we are responsible for the return
release. Seller or MOA has no role of EMD forfeiting/retention for H3 &
below. Security deposit is at discretion and instructions of the seller.

1.4.2.
In case of unsuccessful bidders, (H3 & Lower) EMD is refunded
immediately after adjusting the facilitation fee, but not later than 7-10
working days from the completion of the E-Auction process subject to the terms
and conditions mentioned herein and at the website. EMD holder to ensure the
compliance.

1.4.3.
EMD of the H2 bidder shall be normally retained for 10 days from
the date of approval of E-Auction. However please refer point no. 28.4.1
above.

i. The status of H1 bidder will be upgraded/ confirmed
as ‘H1 Buyer’ deposit an amount security deposit equal to 10% of the total
value of the work order within 24 hours of the receipt of Letter of acceptance
of tender. Security deposit will
be deposited towards deposit will be deposited by party by crossed
demand draft in favour of „ Krishak Bharti Cooperative
Limited , AHMEDABAD along with valid attested copy of manufacturing
license of fertilizer mixture. He will be allowed lifting after depositing 25%
payment + SD 10% in next 3 days

ii. If the H1 bidder fails to deposit minimum 10%
payment of the final bid value, within 24 hours after he is declared H1 bidder,
his EMD will be forfeited and H2 bidder will be upgraded to status of H1 and
has to honour the deal at the H2 bid value with privileges and penalties of H1
bidder.

1.4.4.
The EMD of H1 bidder will be adjusted once the complete payment is
received by the seller and also complete material is lifted by H1
bidder. Also adjustment will be done for fee and expenses against EMD if the
seller or MOA has not paid for the same.

1.4.5.
In case of “Buyer’s Non-performance” the EMD may still be
forfeited. Opportunity may be given to H2.

1.4.6.
In case “Seller’s Non-performance” the E-Auction may be canceled
with total cost to be recovered from seller. MOA to decide the course of
action.

1.4.7.
“Non-performance” may be encountered wherever T&C of this
document and seller NOC are breached. The E-Auctioneer may decide on such cases
under consultation of MOA. Some example scenarios are as under:

1.
Delays in payments,

2.
Delays in lifting,

3.
Criminal or illegal activities,

4.
Intimidation of either party,

5.
Non adherence to the T&C of this document like “caveat
emptor”, “Special Conditions”, “offers”, etc

6. Partial
“Non-performance” is also “Non-performance”.

1.5. EMD forfeited will not be surrendered to
seller

2. Responsibility
of Seller: The seller has to depute one person who has to coordinate for
payment acceptance, issue of delivery orders, sales invoices, inspection facilitation,
etc works required from time to time by e-Auctioneer and the buyers. The daily
account of payments and deliveries should be made available to e-Auctioneer. A
periodical schedule may also be agreed for such information sharing when the
large lots are cleared. If seller is holding EMD, They have to ensure
compliances as per the eAuction Participation form with regard to T&C of
holding security deposit & allowing lifting.

3. Responsibility
of Buyer: The buyer is expected to inform the payments made to the seller. The
seller should know in advance and remain ready before vehicle is placed for
lifting. Any discrepancy should be brought to the knowledge of e-Auctioneer/
MOA.

Contact Salvage Manager about this items/lot.
Phone :	Meenakshi Gupta -9625137014
Email :	meenakshi@salvagemanagers.com