THE COTTON CORPORATION OF INDIA LTD.

4/2, ASHOK NAGAR

GUNTUR-522 002 (ANDHRA PRADESH)
SALE OF LOOSE FIRE DAMAGED COTTON LINT
Sealed tenders are invited from prospective buyers for disposal of approximately15000
Kg of loose fire damaged cotton lint stored at Sundar Storage India Pvt. Ltd. Godowns
ChellareddyPalem, Chirala (Andhra Pradesh), on as is where is basis., which can be
inspected at above sites between 10 AM to 4 PM on all working days on or before
28/07/2016.
Tender documents with Terms and Conditions can be obtained from the office of M/s.
Cotton Corporation of India Ltd., 4/2,Ashok Nagar, Guntur-522 002..
The tender form duly filled should be submitted in closed and sealed envelope super
scribed as Salvage CCI LTD. accompanied by A/c. payee DD obtained from any of
the Nationalised Bank payable at Guntur for an amount not less than 10% of offer as
EMD in favour of The Cotton Corporation of India Ltd.
The offer in closed and sealed envelope / cover should be submitted to M/s. The Cotton
Corporation of India Ltd., 4/2,Ashok Nagar, Guntur-522 002 (AP)
Last date of receipt of the tender is on or before 29.07.2016 before 2.00 PM. The tenders
will be opened at the office of M/s. The Cotton Corporation of India Ltd., Ashok Nagar,
Guntur-522002, on the same day i.e.29.07.2016 at about 4.00 P.M.

Contact:
Surveyors:Site:
Mr. R.L. Asawa
M/s. Asawa & Co.,
Century Plaza ( Second Floor),
87/89 D.B. Road,
Coimbatore- 641 002
Phone no.0422-2552094
Mobile
09344878899

Mr. Girish Patil

(Center Incharge)
The Cotton Corporation of India Ltd.
4/2,Ashok Nagar
Guntur-522 002
Mobile no.9603255966

THE COTTON CORPORATION OF INDIA LTD.

ASHOK NAGAR
GUNTUR-522 002 (ANDHRA PRADESH)
TENDER CONDITIONS AND TERMS
FOR SALE OF
LOOSE FIRE DAMAGED COTTON LINT (APPROXIMATELY 150 QUINTALS)
STORED AT SUNDAR STORAGE INDIA PVT. LTD. GODOWNS,CHELLAREDDY
PALEM, CHIRALA -ANDHRA PRADESH
ON AS IS WHERE IS BASIS
1.0 THE OFFER:
1.1 The offer must be in writing and in English language only.
1.2 The offer for purchase must be for the aggregate quantities and unconditional.
Offer for part quantity will not be considered
1.3 The offer along with the Earnest Money Deposit must be sent in a sealed
envelop marked Salvage- CCI LTD
1.4 The salvage is the property of M/s. The Cotton Corporation of India Ltd.
, Guntur referred to also as Sellers hereinafter.
.
.
2.0 DESCRIPTION OF GOODS:
2.1 The salvage of affected goods Approximately 150 Quintals of loose fire
damaged cotton Lint was claimed by M/s. The Cotton Corporation of India
Ltd., as of standard quality, immediately before the occurrence of the fire.
However, no guarantee is given for the above said quality and quantity or
such fire damaged material; is offered for sale
2.2 The goods are sold strictly on AS IS WHERE IS basis. Quantity, size and
number stated in any advertisement, document or material issued on behalf of
the Seller are approximate. By submitting the bid, a bidder shall be deemed to
have inspected the goods and satisfied himself about the same. The Seller
does not make any assurance, guarantee or warranty as regards the
description, quality, condition, weight, grade, soundness etc. of the goods.
2.3 The bidder shall submit the bid for all items or any one item. But the bid shall
be submitted only for the entire quantity of goods in each item available and
not portions thereof.
2.4 The bidder hereby agrees that it shall be entirely at the discretion of the Seller
to accept in full quantities or in part (quantities or quality) or refuse any offer,
without assigning any reason whatsoever and he (the bidder) does undertake
not to dispute Sellers decision. He also does undertake not to take any legal
action as regards acceptance or refusal of any offer by the Seller.

2.5 The bidder shall have no right to withdraw, modify or question the sale after
submitting a bid, by reason of any mis-description, error, defect or any other
reason whatsoever.
2.6 No sale shall be invalidated by the reason of any defect or fault in any of the
goods and by reason of any error or fault in the description thereof and no
compensation shall be paid in respect of any such defect or error for
misdescription.
3.0 PAYMENT
3.1 The bid shall be accompanied by Earnest Money Deposit (EMD) not less than
@10% of the total value of offer for the entire goods by way of Demand Draft
obtained from any Nationalised bank in favour of M/s. The Cotton Corporation
of India Ltd., payable at Guntur (AP)
3.2 The EMD of successful or unsuccessful bidders as well as the price of the bid
shall not bear any interest what so ever.
3.3 Any tender submitted with out the EMD shall be invalid and summarily rejected.
3.4 The successful tenderer shall pay the entire amount of bid together with
applicable taxes and duties etc. thereon after adjusting the EMD with in seven
days (excluding public holidays from the date of communication of acceptance
of the offer, by RTGS or Demand Draft obtained from any Nationalsed Bank in
favour of M/s.The Cotton Corporation of India Ltd payable at Guntur (AP).
In no case shall any extension of time be sought by the successful tendered.
3.5 In the event of failure of the successful tenderer to pay as above, the bid shall
stand cancelled and the EMD shall be forfeited. The bidder shall have no claim
whatsoever over any goods or in any other manner.
The goods may if the Seller deem fit be put up for sale again and resold on the
account of and at risk of the defaulting purchaser, who shall be responsible
for the deficit, if any, in the price originally offered and the net amount
realized by the resale after deducting all expenses and rent for storage and
such deficit shall be debt due from the defaulting purchaser. In any case the
defaulting purchaser shall not be entitled to any increase arising from such
sale.

4.0 TAXES AND DUTIES:

4.1 All local taxes, duties, levies, rates and charges payable on the transaction shall
be borne by the purchaser at the rates in force at the time of delivery of the
goods.
5.0 ISSUE OF DELIVERY ORDER AND RELEASE OF MATERIALS:
5.1 Delivery order will be issued to the purchaser with in 7 working days of receipt
of the entire bid amount as per clause 3.4 above including the taxes and duties.
5.2 The quantity mentioned in the tender shall only be approximate and subject to
variation. In case of any shortage the Seller shall not be held responsible by the
purchaser.
5.3 The entire quantity shall be taken delivery by the purchaser with in 10 working
days from the date of the Delivery Order. In the event of any delay the purchaser
shall be liable to pay demurrage @ Rs.10000/- (Rupees Ten Thousand only) for
each day until removal of the entire goods. The delivery shall not be permitted
until remittance of the demurrage charges.
5.4 Notwithstanding the provision for demurrage , the seller be entitled to cancel the
bid in respect of the quantity of materials not removed with in the stipulated
time, in which case the EMD and bid amount paid to the extent of such quantity
not removed shall be forfeited by the successful tenderer who shall have no
claim for payment or the goods against the Seller or any other person.
5.5 The purchaser shall make his own arrangements for dismantling, loading,
unloading, removal, and transporting of the goods from the premises and shall
not claim any facility or assistance for men or material from the Seller. The entire
cost has to be borne by the purchaser.
5.6 Delivery shall be given during working hours on all working days.
5.7 If the purchaser wishes to take the delivery of the goods through his authorized
representative, he must authorize such person by letter of authority which shall be
signed by the person who has signed the tender. The Seller may however refuse to
accept or recognize the letter of authority and refuse to deliver to anyone other than
the purchaser. However, in case of delivery to authorized representative, the Seller
shall not thereafter be responsible to the purchaser for any loss or damage to the
goods and no claim shall lye against the Seller even in case of any delivery to a
wrong person. However, all documents including Delivery Challan, gate pass etc.
shall be only in the name of the purchaser and not any authorized representative.
5.8 Purchase shall not be entitled to resell the goods or any portion thereof until after
taking delivery and removal of the same from the Sellers premises.
6.0 GENERAL:

6.1 The tender should contain full and proper postal address of the tenderer. In no
case shall any change, amendment of the tender shall be permitted after
submission of the same.
6.2 The purchasers are warned that any attempt to misuse any Delivery Order , Gate
Pass, Delivery Challan or other documents shall be liable for serious penalty,
including cancellation of bid and forfeiture of amounts paid. The purchaser shall
ensure that important documents are in the custody of trustworthy, responsible and
authorized persons.
6.3 All the bidders shall be deemed to have read and acquainted with these conditions
of the Tender and submitted their bids subject to the same.
6.4 The Seller reserve the right to reject a bid without assigning any reason
whatsoever.
6.5 The Seller shall not be liable for non performance of any contract either wholly or
in part nor for any delay in performance resulting from or due to any cause beyond
their control including but not limited to fire, strike, go slow, lock out, closure,
dispute with workman, uncertain and unstable labour situation , war, riot, civil
commotion, pestilent, epidemic, floods, accident, damage or accident to machinery,
shortage of wagons, shortage of labour, Government or Railways restrictions, Act
of God or any circumstances beyond their control.
6.6 All notices and communication shall be deemed to have received by a bidder if
posted to the address given in the tender.
6.7 The Seller shall not be liable for or be bound in any manner for any representation
or statement which are not contained in these terms and conditions of sale or are
contrary and inconsistent therewith purported to have been made by the Seller.
6.8 The sale shall be subject to the exclusive jurisdiction of Guntur (AP) only.
7.0 TERMINATION OF CONTRACT:
7.1 The Seller reserves the right at its sole discretion to terminate the contract at any
time.
8.0 DISCLAIMER BY SELLER:
8.1 The goods offered for sale are damaged by fire and water.
8.2 The seller makes no representation or warranty, express or implied, including
neither fitness of goods nor its use for any particular purpose. Under no
circumstances shall the Seller be liable for incidental, consequential, direct or

indirect damage for alleged negligence, breach of warranty, strict liability, tort,
and contract or for any reason whatsoever arising in connection with the goods.
8.3 The user must test the goods for the intended condition of use.
8.4 The validity of this disclaimer shall be a continuing one and any Seller of the
goods or part thereof shall always be bound to disclose the same to any
subsequent purchaser.
9.0 INSPECTION OF GOODS BY BIDDERS:
9.1 The prospective bidders shall be required to get in touch with the following
person on any working day between Monday to Saturday. The authorised
representative of the Seller shall accompany the intended bidder for inspection
of the damaged goods
Person to be contacted: Mr. Girish Patil
Phone no.09603255966
9.2 The bidder shall be allowed to inspect the salvaged goods only after purchase of
the tender document. Only one inspection shall be allowed.
9.3 Inspection will be permitted between 10.00 AM and 4 PM on all working days
up to 28.07.2016
10.0 SCHEDULE OF THE QUANTITIES (Only approximate)

Sl. No

Stock

Loose Fire Damaged Cotton

Lint

Approximate
quantity
15000 Kgs.

DECLARATION TO BE SIGNED BY THE TENDERER

I / We have read and acquainted myself /ourselves with the terms and conditions of sale. I
/ We agree to the terms and conditions unconditionally and have submitted this offer
accordingly.
I/ We also do hereby agree that it shall be entirely at the discretion of Seller to accept or
refuse any offer with out assigning any reason whatsoever and I/ We also do under take
not to take any legal action as regards the Sellers accepting or rejecting any offer.

SIGNATURE OF TENDERER
NAME AND DESIGNATION OF
PERSON SIGNIN

Address:

Phone:
Fax:
E- Mail:
Enclosures
Demand Draft as under
Amount in Rs.
(in words) Rupees
Drawn on
Date
Number

OFFER FORM
Form No.

Date:______.

To,
M/s The Cotton Corporation of India Ltd.,
Guntur
Dear Sirs,
Ref: Offer for salvage strictly on as is where is basis with all defects
Loose Fire damaged cotton lint (approximately 150 quintals) stored at
M/s. Central Ware Housing Corporation of India
(Sundar Storage India Pvt. Ltd. godowns)
Chellareddy Palem,
Chirala
(Andhra Pradesh)
1.0 OFFER:
1.1

I
/
We
have
inspected
the
salvage
of_
loose fire damaged cotton affected/ damaged
due
to
fire
and
water
as
detailed in the annexure hereto and which are lying in the
above
said
premises
and
I/
We give firm offer for the salvage on an as is where is basis and
as per the noted terms and conditions of sale given here below,
which are accepted by me/us. We understand that the quantities
stated above are only approximate and reflects weight just before
occurrence of fire.

1.2 The offer is described below and the taxes/ duties as applicable will
be additional.

1.3 Our offer:

Sl.
No

Stock

Approximate
quantity

Rate

Loose
Fire
Damaged
Cotton
Lint

15000 Kgs.

Rs. per kg

Amount- Rs.

Applicable
taxes/ duties
etc. - Rs.

Total amountRs.

(Rupees___________________________________________________ )

I/We
enclose
our
Demand
Draft
no.______________
Dated__________drawn on_______________________________ for
Rs.____________being the Earnest Money Deposit @10% on the above
GRAND TOTAL AMOUNT of the offer.
(Demand draft drawn on any Nationalised Bank for the Earnest Money is
to be drawn in favour of M/s. The Cotton Corporation of India Ltd.,
payable at Guntur (AP)
We are also enclosing the conditions of sale duly signed by us.
Yours faithfully
For___________________
(Name of the Tenderer)

______________________
(Name & Designation
of the person signing )