STEEL AUTHORITY OF INDIA LIMITED VISVESVARAYA IRON & STEEL PLANT, BHADRAVATHI- 577 301- KARNATAKA

PHONE:08282-271620(620-630-10 LINES) EXTN:2056/FAX:08282-271308/E-MAIL:kuthalanathan_l@sail-visl.com

No. VISL/TENDER/RS(4)MJ-25/2013-14 Date: 28.01.2014

ON LINE FORWARD AUCTION TENDER NOTIFICATION FOR SALE OFUNPLANNED INGOTS / CC SEMIS

The following categories of materials are available for sale on “AS IS WHERE IS CONDITION AND ON NO COMPLAINT BASIS” at SMS Department and stock yard VISL, Bhadravati through on line forward auction process at 11 AM on 28.02.2014 subject to applicable Terms and Conditions as detailed below and as per Annexure – A, B & C.

Unplanned Ingots lying at SMS – List 1

Lot No. 17, Group No.2 Lot No. 19,Group. 8HEATNO GRADE NUMBER Tons HEATNO GRADE NUMBER Tons20353 SVC 90 (3% CR) 1 1.190 65438 15C8 6 7.14087782 SVC 90 (3% CR) 2 2.380 28931 15C8 3 3.57020669 SVC 90 (3% CR) 1 1.190 20150 C18/C20 HCRM 5 5.95020794 SVC 90 (3% CR) 1 1.190 28299 MS IS 2062 13 15.47020802 SVC 90 (3% CR) 1 1.190 85760 MS IS 2062 13 15.47020805 SVC 90 (3% CR) 1 1.190 44740 MS IS 2062 15 17.85047002 SVC 90 (3% CR) 1 1.190 Total : 55 65.45047024 SVC 90 (3% CR) 1 1.19047081 SVC 90 (3% CR) 1 1.190 Lot No. 20, Group 847245 SVC 90 (3% CR) 1 1.190 HEATNO GRADE NUMBER Tons20642 SVC 90 (3% CR) 2 2.380 47082 080A35 1 1.19020660 SVC 90 (3% CR) 2 2.380 47076 080A35 2 2.38020748 SVC 90 (3% CR) 2 2.380 44380 SAE 1035 18 21.42047092 SVC 90 (3% CR) 2 2.380 29257 45C8 2 2.38047097 SVC 90 (3% CR) 2 2.380 46282 Class 3 2 2.38047243 SVC 90 (3% CR) 2 2.380 Total : 25 29.75047210 9X2M DIA 1 1.19020185 9X2M DIA 1 1.190 Lot No. 21, Group 846703 9X2M DIA 1 1.190 HEATNO GRADE NUMBER Tons87839 9X2M DIA 1 1.190 45425 IS 2004:1991-45C8 2 2.38069959 9X2M DIA 2 2.380 46322 IS 2004:1991-45C8 2 2.38028604 9X2M DIA 2 2.380 44499 C45 1 1.190

Total : 31 36.89 65447 C45 1 1.19086500 C45 1 1.190

Lot No. 18, Group. 2, 4 & 13 45258 CK45 6 7.14020605 CLIV 1 1.190

HEATNO GRADE NUMBER Tons 86298 CLIV 1 1.19069203 X38CrMoV51 2 2.380 46272 CLIV 1 1.19024347 X38CrMoV51 2 2.380 86300 CLIV 1 1.19042276 X38CrMoV51 3 3.570 65436 CLIV 2 2.38046971 AISI -H10 1 1.190 87754 CLIV 1 1.19062838 M GNME 1 1.190 85819 SAE 1043 14 16.66025322 M GNME 1 1.190 44258 En28m 3 3.5744630 DIN 1.2714 1 1.190 Total : 37 44.03082976 DIN 1.2714 2 2.38083212 56NiCrMoV7 2 2.38045826 56NiCrMoV7 1 1.19087725 56NiCrMoV7 4 4.760 Lot No. 22, Group 846140 MGNME 3 3.570 HEATNO GRADE NUMBER Tons20590 MGNME 1 1.190 45037 S43C 9 10.71040027 EN10222-1998-16Mo3 1 1.190 44937 S43C 10 11.90029366 16CrMo44V 1 1.190 44961 S43C 20 23.80086603 16CrMo44V 1 1.190 Total : 39 46.41046751 45 W Cr V 7 2 2.380

Total : 29 34.51 Page total 216 257.04

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Lot No. 23, Group 8 Lot No. 25, Group 8

HEATNO GRADE NUMBER Tons HEATNO GRADE NUMBER Tons45536 IS 2004:1991-55C8 4 4.760 87291 C35 1 1.1946734 IS 2004:1991-55C8 2 2.380 20587 C35 1 1.19047172 IS 2004:1991-55C8 2 2.380 87454 C35 1 1.1943869 IS 2004:1991-55C8 2 2.380 86963 C35 1 1.1982315 ASTM A668-CL D 5 5.950 46634 C35 1 1.1920314 ASTM A 106 Gr.B 1 1.190 20287 C35 2 2.3865322 ASTM A 106 Gr.B 1 1.190 87461 C35 2 2.3843463 55C8 1 1.190 46652 C35 1 1.19029160 55C8 2 2.380 87338 C35 1 1.1984373 S80Ck 2 2.380 46542 C35 2 2.38

22 26.18 87451 C35 2 2.3829719 C35 1 1.190

Lot No. 24, Group 8 20031 C35 3 3.57HEATNO GRADE NUMBER Tons 87380 C35 1 1.1920587 C35 1 1.19 29739 C35 1 1.1929744 C35 2 2.38 29769 C35 1 1.1946352 C35 1 1.19 29732 C35 1 1.1946323 C35 1 1.19 29723 C35 1 1.1946013 C35 1 1.19 46051 C35 1 1.1946025 C35 1 1.19 20293 C35 1 1.1946512 C35 1 1.19 87163 C35 1 1.1987157 C35 1 1.190 46656 C35 1 1.1946446 C35 1 1.19 Total : 28 33.3246199 C35 1 1.19 Lot No. 26 Group 846239 C35 1 1.19 HEATNO GRADE NUMBER Tons86962 C35 1 1.19 29799 C35 2 2.3846325 C35 1 1.19 87189 C35 1 1.1929973 C35 2 2.380 29695 C35 1 1.1929930 C35 1 1.19 46208 C35 2 2.3887214 C35 1 1.190 46214 C35 1 1.1986961 C35 1 1.19 46620 C35 3 3.5787678 C35 1 1.19 46116 C35 2 2.38029791 C35 1 1.190 46397 C35 1 1.1920020 C35 1 1.190 29971 C35 1 1.1929937 C35 1 1.190 87147 C35 1 1.1987681 C35 1 1.190 20231 C35 1 1.1929829 C35 1 1.190 29826 C35 1 1.1929744 C35 1 1.190 46186 C35 2 2.38

Total : 26 30.940 20276 C35 1 1.1987441 C35 1 1.1987360 C35 1 1.1920274 C35 2 2.3846483 C35 1 1.19065763 C35 1 1.19087163 C35 1 1.1987174 C35 1 1.1920097 C35 1 1.1946015 C35 1 1.1946615 C35 1 1.19

Total : 31 36.89

Page total 107 127.33

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Lot No. 27 Group 8 Lot No. 29 Group 8

HEATNO GRADE NUMBER Tons HEATNO GRADE NUMBER Tons20180 C35 2 2.380 46044 C35 1 1.19046389 C35 2 2.38 65744 C35 1 1.19087294 C35 1 1.19 87163 C35 1 1.19087178 C35 2 2.38 46515 C35 1 1.19087326 C35 1 1.19 20192 C35 1 1.19087350 C35 1 1.19 65742 C35 2 2.3846429 C35 1 1.19 46328 C35 1 1.19087390 C35 1 1.19 87158 C35 2 2.3820222 C35 2 2.38 29734 C35 1 1.19046567 C35 1 1.19 29861 C35 1 1.19087383 C35 1 1.19 29808 C35 1 1.19087359 C35 2 2.38 46556 C35 1 1.19020176 C35 2 2.38 86934 C35 2 2.3820148 C35 2 2.38 46292 C35 1 1.19046424 C35 2 2.38 87041 C35 2 2.3820140 C35 1 1.19 29997 C35 1 1.19020162 C35 1 1.19 20243 C35 2 2.3887214 C35 1 1.19 46107 C35 1 1.1947208 C35 1 1.19 Total : 23 27.3746043 C35 1 1.1987380 C35 2 2.3829675 C35 1 1.1987412 C35 1 1.1986935 C35 1 1.1946292 C35 1 1.19

Total : 34 40.46

Lot No. 28 Group8 Lot No. 30 Group 8

HEATNO GRADE NUMBER Tons HEATNO GRADE NUMBER Tons87663 C35 1 1.19 87109 C35 2 2.38045989 C35 1 1.19 87415 C35 1 1.19087326 C35 1 1.19 46313 C35 1 1.19046564 C35 2 2.38 20172 C35 2 2.38020125 C35 1 1.19 86970 C35 1 1.19020276 C35 1 1.19 29951 C35 1 1.19020308 C35 1 1.19 86964 C35 1 1.19046389 C35 1 1.19 87052 C35 2 2.38086891 C35 1 1.19 29914 C35 2 2.38046141 C35 2 2.38 20022 C35 1 1.19087394 C35 2 2.380 20097 C35 1 1.19087391 C35 1 1.190 20110 C35 1 1.19020218 C35 2 2.380 20098 C35 1 1.19020181 C35 1 1.190 29789 C35 1 1.19020016 C35 2 2.380 46560 C35 1 1.19087392 C35 1 1.19 46132 C35 1 1.19087239 C35 1 1.19 46581 C35 2 2.38086955 C35 1 1.19 29866 C35 1 1.19046520 C35 1 1.19 20181 C35 1 1.19046172 C35 2 2.38 46478 C35 1 1.19020060 C35 1 1.19 87347 C35 1 1.190

Total : 27 32.13 Total : 26 30.940

Page total 110 130.9

-4-Lot No. 31 Group 8 Lot No. 33 Group 1

HEATNO GRADE NUMBER Tons HEATNO GRADE NUMBER Tons86916 C35 1 1.190 41160 IS 4367:1991 - 40Cr4 3 3.57086911 C35 1 1.190 41362 IS 4367:1991 - 40Cr4 1 1.19029769 C35 1 1.190 64622 IS 4367:1991 - 40Cr4 1 1.19020115 C35 1 1.190 64303 40Cr4 2 2.38029906 C35 1 1.190 24999 40Cr4B 9 10.71046498 C35 1 1.190 28747 40Cr4C 11 13.09086905 C35 1 1.190 Total : 27 32.13029906 C35 1 1.19046636 C35 1 1.190 Lot No. 34 Group 229710 C35 1 1.19029691 C35 2 2.38 46869 AISI 4140 2 2.38029808 C35 1 1.190 40596 M VCL150 Spl 1 1.19029819 C35 1 1.190 49273 MVCL 150spl 1 1.1987209 C35 1 1.190 45276 BS970:P1:1983-722M24 6 7.14029878 C35 1 1.190 Total : 10 11.90087005 C35 1 1.19046560 C35 1 1.190 Lot No. 35 Group 420280 C35 1 1.19029670 C35 1 1.190 66114 T55Ni2Cr65Mo30 (Mod) 2 2.38087330 C35 1 1.190 29186 34XHIM 1 1.19045548 C35 2 2.38 42335 M V25H+Mo 4 4.76086538 C35 1 1.190 40664 En 28M 1 1.19046445 C35 1 1.190 25140 En 28M 2 2.38046083 C35 1 1.190 24251 34XHIM 2 2.38046004 C35 1 1.190 45451 34XHIM 2 2.38029719 C35 1 1.190 Total : 14 16.66086963 C35 1 1.19046182 C35 1 1.190 Lot No. 36 Group 4

Total : 30 35.700HEATNO GRADE NUMBER Tons45148 EN 26 5 5.95020336 SAE 4140 1 1.19

Lot No. 32 Group 1 83092 40Ni6Cr4Mo3 3 3.57021743 DIN 17200 30CrNiMo8 2 2.38

HEATNO GRADE NUMBER Tons 49567 En 34 1 1.1949216 55X 6 7.140 44998 BS 970:Part 1:198-815M17 2 2.3844874 40X 1 1.190 49972 SNCM-625M 2 2.3846302 SAE 5046 1 1.190 44241 18CrNiMo7-6 1 1.1946669 SAE 5046 1 1.190 47129 GOST 4543-71-38XH3M?A 1 1.19044826 DIN 17210 16MnCr5 1 1.190 81262 DIN 17200 30CrNiMo8 2 2.3820937 20MnCr5 1 1.190 69421 DIN 17200 30CrNiMo8 3 3.57046762 20MnCr5 1 1.190 45525 4330V - MOD 1 1.19020116 SAE 5160 2 2.380 40975 40Ni6Cr4Mo3(MODIFIED) 1 1.1946198 SAE 5160 2 2.380 25 29.7587316 SAE 5160 2 2.380

18 21.420 Page total 124 147.56

Grand Total 557 662.83

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Unplanned CC Semis lying at SMS–List 2

Lot No. 1, Group No.8

Heat No Grade Number Tons Section29900 IS:2830-1992 - C20MMn 4 2.79

130

87331 IS:2830-1992 - C20MMn 1 0.3420108 IS:2830-1992 - C20MMn 2 1.0646362 IS:2830-1992 - C20MMn 1 0.3146353 IS:2830-1992 - C20MMn 2 0.620127 IS:2830-1992 - C20MMn 1 0.5946261 IS:2830-1992 - C20MMn 1 0.3420117 IS:2830-1992 - C20MMn 1 0.4387207 IS:2830-1992 - C20MMn 1 0.3929837 IS:2830-1992 - C20MMn 1 0.3929872 IS:2830-1992 - C20MMn 1 0.3946096 IS:2830-1992 - C20MMn 1 0.3987043 IS:2830-1992 - C20MMn 1 0.3929933 IS:2830-1992 - C20MMn 1 0.3929986 IS:2830-1992 - C20MMn 1 0.3987018 IS:2830-1992 - C20MMn 1 0.5287233 IS:2830-1992 - C20MMn 1 0.5220211 IS:2830-1992 - C20MMn 1 0.5246074 IS:2830-1992 - C20MMn 1 0.5246111 IS:2830-1992 - C20MMn 1 0.5246123 IS:2830-1992 - C20MMn 1 0.5246130 IS:2830-1992 - C20MMn 1 0.5246238 IS:2830-1992 - C20MMn 1 0.5246553 IS:2830-1992 - C20MMn 1 0.5346230 IS:2830-1992 - C20MMn 1 0.5829764 IS:2830-1992 - C20MMn 1 0.3946358 IS:2830-1992 - C20MMn 1 0.6546480 IS:2830-1992 - C20MMn 1 0.6587400 IS:2830-1992 - C20MMn 2 0.6587030 IS:2830-1992 - C20MMn 2 0.7887231 IS:2830-1992 - C20MMn 2 0.7857589 IS:2830-1992 - C20MMn 1 0.5746139 IS:2830-1992 - C20MMn 2 0.8446210 IS:2830-1992 - C20MMn 2 0.9887126 IS:2830-1992 - C20MMn 2 1.0420112 IS:2830-1992 - C20MMn 2 1.0487237 IS:2830-1992 - C20MMn 2 1.1187642 IS:2830-1992 - C20MMn 2 1.1787063 IS:2830-1992 - C20MMn 3 1.5146171 IS:2830-1992 - C20MMn 3 1.9729764 IS:2830-1992 - C20MMn 1 0.3987135 IS:2830-1992 - C20MMn 1 0.5987223 IS:2830-1992 - C20MMn 1 0.5946063 IS:2830-1992 - C20MMn 1 0.6646055 IS:2830-1992 - C20MMn 2 1.0446464 IS:2830-1992 - C20MMn 3 1.8965758 IS:2830-1992 - C20MMn 4 3.0246526 C18/C20 HCRM 2 0.6529887 IS:2830-1992 - C20MMn 1 0.47

Page total 74 37.88

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Lot No. 2, Group No.8 Heat No Grade Number Tons Section

29983 IS:2830-1992 - C20MMn 6 4.49

130

87119 IS:2830-1992 - C20MMn 7 5.0229867 IS:2830-1992 - C20MMn 9 6.5320088 IS:2830-1992 - C20MMn 7 5.1429932 IS:2830-1992 - C20MMn 7 5.2246266 IS:2830-1992 - C20MMn 10 9.66

Total : 46 36.06

Lot No. 3, Group No.8 Heat No Grade Number Tons Section

46395 IS:2830-1992 - C20MMn 2 2.48

20029686 IS:2830-1992 - C20MMn 2 3.0887268 IS:2830-1992 - C20MMn 1 1.85

Total : 5 7.41

Lot No. 4, Group No.8 Heat No Grade Number Tons Section

87048 IS:2830-1992 - C20MMn 1 1.97

300

29953 IS:2830-1992 - C20MMn 1 4.3744307 IS:2830-1992 - C20MMn 1 0.9565159 IS:2830-1992 - C20MMn 1 1.2787064 IS:2830-1992 - C20MMn 1 1.0686944 IS:2830-1992 - C20MMn 8 8.4

Total : 13 18.02

Lot No. 5, Group No.8 Heat No Grade Number Tons Section

85418 EN 10083-1:1996-C45E 7 16.66 35086555 AISI 1029 6 6.1 300

Total : 13 22.76

Lot No. 6, Group No.8 Heat No Grade Number Tons Section

20632 En 9M 18 18.9130047077 En 9M 19 19.96

Total : 37 38.87

Lot No. 7, Group No. 6 & 1 Heat No Grade Number Tons Section

42871 16MnCr5 25 7.64 13042987 En 8M 9 9.45 300

Total : 34 17.09

Lot No. 8, Group No. 8 Heat No Grade Number Tons Section

45994 C35 8 19.04

350

65640 C35 1 2.3028714 C35 1 2.3044969 C35 1 1.9328728 C35 1 1.6986114 C35 1 1.0429426 C35 1 1.1645696 C35 1 1.76

Total : 15 31.22

Page total 163 171.43

-7- Lot No. 9, Group No. 8

Heat No Grade Number Tons Section45995 C35 8 18.67

35086932 C35 8 19.04Total : 16 37.71

Lot No. 10, Group No. 8 Heat No Grade Number Tons Section

29679 C35 9 13.1135029681 C35 9 13.11

Total : 18 26.22

Lot No. 11, Group No. 8 Heat No Grade Number Tons Section

45996 C35 9 21.0835045707 C35 9 20.56

18 41.64

Lot No. 12, Group No. 8 Heat No Grade Number Tons Section

46000 C35 9 20.8235086926 C35 9 21.08

Total : 18 41.9

Lot No. 13, Group No. 8 Heat No Grade Number Tons Section

86927 C35 9 21.9335086933 C35 9 20.82

Total : 18 42.75

Lot No. 14, Group No. 1 & 2 Heat No Grade Number Tons Section

86794 2CrMo(CSQ) 8 8.40 300Total : 8 8.40

Lot No. 15, Group No. 4 Heat No Grade Number Tons Section

42478 AMS 6418 23 24.2 30064554 AMS 6418 18 18.9 30026271 AMS 6418 18 25.53 350

Total : 59 68.63

Lot No. 16, Group No. 4 Heat No Grade Number Tons Section

46402 30X3HMA DIA 20 21.01 300Total : 20 21.01

Page total 175 288.26

Grand Total 412 497.57 tons

-8 -

NOTE: ALL THE GRADES MENTIONED ABOVE ARE APPROXIMATE AND NEARER.

(1) EMD of Rs. 1,00,000/- is applicable for one time participation in the tender.

(2) Advance payment along with security deposit shall be payable within specified

period as per Clause No.5 from the date of Sale Order. The due date for

Payment shall be reckoned excluding the date of Sale Order. Delivery

Order/Dispatch Advice will be issued on receipt of part/full payment.

(3) The shape/size/Qty are indicative. No Guarantee will be given. Bidders shall

inspect the material before bidding since material will be supplied on ‘as is where

is and no complaint basis’.

(4) The loading will be done by VISL at free of cost.

(5) The allottee shall place their trucks between Plant working hours from 8.00 A.M.

to 3.00 P.M. excluding Sundays / National Holidays.

(6) E-forward auction details are available at SAIL website WWW.SAILTENDERS.CO.IN

and M/s. Mjunction Services Limited website WWW.MJUNCTION. IN

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Annexure-A

SPECIAL TERMS & CONDITIONS:

1. Submission of Tender Documents: Earnest Money Deposit (EMD) along with required documents

duly signed and stamped (Clause No.1 of General Terms and Conditions) complete in all respects, should

reach M-junction Services Ltd., Chennai before 5.00 P.M. On 27.02.2014 Subsequently e-auction will be

conducted by M/s. M-junction Services Ltd., Kolkata, from 11 AM onwards-on 28.02.2014.

2. Bidding: The bidders may obtain necessary support from the service provider M/s M-junction services

Ltd., for online e-forward auction. (Clause No.4 of VISL General Terms & Conditions). The bidding price

should be per metric tonne Ex-works, Bhadravati, exclusive of statutory levies. Bidders shall inspect the

material before bidding since material will be supplied on ‘as is where is and no complaint

basis’. Stock available against each category may vary (+) or (–) 10%. In case excess quantity found in

each lot. The allottee shall make payment immediately. Otherwise the value of excess quantity delivered

shall be recovered from allottee’s Security Deposit & Credit Balance.

3. Earnest Money Deposit (EMD):

i)EMD of Rs.1,00,000/- is to be paid for one time participation in the tender and sent directly to M/s. M-

junction Services Ltd., Chennai.

ii) Permanent EMD shall be Rs.2,00,000/- for regular participants against tender of secondary products

and shall be kept minimum Three-months period and will not accrue interest. Permanent EMD will not

be adjusted against supplies. On request permanent EMD shall be returned / refunded after a period of

Three months.

NOTE: (a) In case of failure to fulfill the tender conditions after successful bidding, forfeiture of EMD

amount is limited to one time EMD amount of Rs.1,00,000/-.

(b) EMD of un-successful bidders shall be returnable / refundable within 15 days from the date of e-

auction from M/s. M-junction Services Ltd., . (c) The EMD of successful bidders shall be returned by M/s.

M-junction Services Ltd., with in 15 days after confirmation from VISL regarding successful completion of

lifting of lots as per sale order terms and conditions.

4. Security Deposit (SD): The successful bidder shall deposit the bid value + applicable statutory

levies as per the details indicated in the sale order by Demand Draft / RTGS/ NEFT CBS within stipulated

time. In case payment is made through DD then a bank letter confirming that DD has been issued on

behalf of the tenderer needs to be enclosed.

10% of material value (SD) should be deposited within 10 days from the date of issue of sale order and

the same will be adjusted in the last consignment. In case of failure to make full payment in time, then

the sale order will be cancelled and EMD or SD will be forfeited after the allowed working days + Interest

bearing period as per Clause – 6 (Interest on Delayed Payment).

No interest shall accrue on Security Deposit. SAIL will be entitled to recover from the Security Deposit all

the money due to SAIL concerning the sale & other statutory liabilities of customer.

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Payment: All payments is to be made in advance. The advance amount payable in

installments shall be based on total sale order value (Material value + statutory levies like ED/

Cess, VAT/CST, TCS etc.) + Security Deposit (SD).

Sl.No. Total material value

Amount payable in advance Max.days allowed(from the sale order date)

A Upto Rs.30 lakhs Payment shall be made in one installment i.e Material value + Statutory Levis like BG / Cess / VAT / CST etc., Less SD paid initially.

20 days.

B Above Rs.30 lakhs to Rs.60 lakhs

Payment may be made in two equal instalments:

I) First installment =50% Material Value + Statutory Levis like ED /Cess , VAT / CST etc., II) Second installment=50% material value + Statutory Levis like ED / cess/ VAT / CST etc., less SD paid initially .

1st installment20 days.

2nd Installment25 days.

C Above Rs.60 lakhs to Rs.90 lakhs

Payment may be made in 3 equal instalments:

I installment=34% Material Value + Statutory Levis like ED /Cess , VAT / CST etc.,

II installment =33% Material Value + Statutory Levis like ED /Cess , VAT / CST etc.,

III installment - 33% material value + Statutory Levis like ED / cess/ VAT / CST etc., less SD paid initially .

1st installment20 days.

2nd Installment25 days.

3rd installment30 days.

D Above Rs.90 lakhs

Payment may be made in 4 equal instalments:

I installment =25% Material Value + Statutory Levis like ED /Cess , VAT / CST etc.,

II installment =25% Material Value + Statutory Levis like ED /Cess , VAT / CST etc.,

III installment=25% Material value + Statutory Levis like ED / cess/ VAT / CST etc.,

IV instalment - material value + Statutory Levis like ED / cess/ VAT / CST etc., less SD paid initially .

1st installment20 days.

2nd Installment25 days.

3rd installment30 days.

4th installment35 days.

During receipt of part payment in installments, dispatch advice will be issued for the amount

received only exclusive of payment received as Security deposit during the period of

installment. SD amount will be adjusted only in the last consignment / installments.

The extension of due date for payment shall be at the sole discretion of VISL considering merit

of the case, volume of business, Credibility etc.,

Payment is to be made by DD/Pay Order/Banker’s Cheque drawn on any Nationalized

Bank/Scheduled Bank, payable in favour of M/s.Steel Authority of India Ltd., Visvesvarya Iron

& Steel Plant, Bhadravathi or at VISL Branches. Also payable by e-payments through RTGS

No.SBMY0040134, A/c.No.54013507345, Branch Code 40134, SBM Main Branch, BDVT- 577

301.

-11-

On receipt of part/full payment against allotted quantity, Delivery Order / Dispatch Advice (DA) will be issued for delivery of material from the respective location. Due date for payment shall be reckoned excluding the date of receipt of payment. Picking & choosing shall not be allowed. The material will be delivered on “as is where is and on no complaint basis”. VISL weigh bridge weight is final and binding. Billing will be made in favour of allottee only.

6. Interest on delayed payment: (a) Additional 15 working days shall be allowed to make full payment along with interest @ 17.75% p.a. (b) Beyond 15 days, another 15 working days shall be allowed to make advance payment along with penal interest @ 24.25% p.a. The further extension of payment along with penal interest shall be at the sole discretion of VISL, Considering the merit of the case.

7. Lifting period: The lifting period shall be reckoned from the date of receipt of part/full payment excluding the date of receipt of payment. The extension of due date for lifting shall be at the sole discretion of VISL considering merit of the case.

8. Ground rent: In case of delay in lifting the material, ground rent of Rs.15/- per ton per day shall be charged Max. 20 working days shall be allowed. 9. The shape/size/Qty are indicative. No Guarantee will be given. Bidders shall inspect the material before bidding since material will be supplied on ‘as is where is and no complaint basis’. No Test Certificate shall be issued. 10. Loading and transportation: The loading will be done by VISL at free of cost. The allottee shall place their trucks between Plant working hours from 8.00 A.M to 3.00 P.M. excluding Sundays / National holidays

11. On allotment, material is to be lifted from the specified location/area only as they are numbered.

12. (i) In case of failure on the part of allottee to abide by the above payment terms and lifting of the material, VISL at its sole discretion may forfeit the Security Deposit paid by him depending on the merit of the case and SAIL-VISL's decision shall be final and binding in this regard.

(ii) - Further VISL will be at liberty to dispose off the said materials in any manner without notice and the defaulting allottee will be held liable to make good the loss or damage, if any incurred by VISL in doing so, in addition to forfeiture of Earnest Money Deposit & Security Deposit paid by him.

13. If for any reasons beyond the control of the company, all the tendered materials or part of the tendered material, only to refund of the proportionate amount paid by the party as applicable to the undelivered quantity or to extend the delivery period suitably at the sole description of the company. The above sale is subject to availability at the time of dispatch.

14(a) SAIL-VISL is at liberty to cancel the E-auction and withdraw the tendered material even after receiving highest bid/after allotment made without assigning any reasons thereof.

(b) SAIL-VISL reserves the right to accept/reject any or all offers or to postpone E-Auction without assigning any reason.

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15. (i) During the period of the contract the workers employed by the successful tendered will be governed by the Labour Statutory Laws and Rules, Factories/Mines Acts and Rules and SAIL-VISL Safety/Security Rules as applicable. It shall be the responsibility of the purchaser to see that statutory provisions are complied with.

(ii) The purchaser's workmen, agents or representatives shall not commit any nuisance or indulge in any antisocial activities in plant and the purchaser shall be liable for the good conduct, safety and discipline of workmen.

16. It shall be the responsibility of the persons submitting the tender to ensure that the tenders have been submitted in the formats and as per terms and conditions prescribed in the SAIL website and no change is made therein before submission of their tender. In the event of any doubt regarding the terms and conditions formats, the person concerned may obtain such clarifications from the authorized officer of SAIL. In case any tempering/unauthorized alteration is noticed in the tender submitted, from the tender document available on the SAIL website, the said tender shall be summarily rejected and the Company shall have no liability whatsoever on the matter. However, deviation if any proposed by the tendered may be separately indicated for acceptance or otherwise of SAIL. Such proposed deviation will not be treated as tampering for the purpose of application of this clause.

17. In all cases of disputes arising out of this transaction, the settlements will be through

negotiations / conciliation / arbitration, failing which the court at Bhadravati alone will have the jurisdiction.

For any assistance please call: (a) M/s. mjunction services ltd.

Chennai: Fax No. 044 – 25216536 Mr. C.Sekar Shanmukh : 9840293409

Mr. Shivkumar : 9840534712 Mr. S. Raghavendra : 9840935953 Mr.G.Vasudev : 9243561636

Mumbai: : 022 66311258 Kolkatta: Abhijit Dey : 9163348139/ 33 6610 6100 Delhi : Mr. Raminder : 09212339996Auction Room Helpline Nos.: 033 – 66031760 – 61 / 63 – 72 / 03344091763 – 72 ( 10 Lines ] (b)Visvesvaraya Iron & Steel Plant Bhadravati: Ph. No.08282-271620 to 629 Extn. 2056 Bangalore : Ph. 080-22222834 / 22222384, Chennai : Ph.044-25342087, Kolkatta : Ph.033-22888672, Mumbai : Ph.022- 22823975, New Delhi : Ph.011-26101708, Pune : Ph.020-27475824/4102085

(Kuthalanathan.L) Asst.Manager. Mktg & Shpt

Annexure-B

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STEEL AUTHORITY OF INDIA LIMITEDVISVESVARAYA IRON & STEEL PLANT, BHADRAVATHI- 577 301

KARNATAKA

GENERAL TERMS & CONDITIONS OF THE TENDER:

1. Customers intending to purchase materials shall go through and understand the following tender terms & conditions laid down in the following documents which are available in SAIL website and mjunction services website :(i) e-Auction Notification along with special terms & conditions, (ii) VISL General Terms & Conditions . (iii) Letter of Interest, (iv) General Rules and Regulations governing conduct of On Line Auction on the Service Provider Platform, “SAIL FA1” and (v) Definition of Key Terms. As a token of acceptance to the tender terms & conditions, the customers intending to participate in the tender shall duly fill up, sign & stamp on each page of Letter of Interest and submit the same along with Earnest Money Deposit to the Head of Marketing(Secondary Products), SAIL – VISL, Bhadravati – 577301 / at any VISL Branch Offices.

2. Earnest Money Deposit (EMD): Earnest Money Deposit (EMD) shall be deposited in the form of Demand draft (D.D.)/ Pay order (P.O.)/ Banker’s Cheque (B.C.) drawn on any Scheduled bank, in favour of MJUNCTION SERVICES LIMITED at any branch of HDFC Bank with CMS facility. A list of such branches has been uploaded at http://auction.metaljunction.in. Bank Account details of M/s mjunction services limited are as follows

Bank Name: HDFC BankBranch Name: Central PlazaAddress: 2/6 Sarat Bose Road, Kolkata- 700020.Current Account No: 00140310003480IFSC Code: HDFC0000014MICR Code: 700240003

RTGS / NEFT facility is also available for depositing EMD. Buyers wishing to avail RTGS / NEFT facility should contact the nearest O/o mjunction services ltd at the address mentioned at http://auction.metaljunction.in for details.

3. The bids given by the customer in the On Line Forward Auction Notice, will be deemed as EX-VISL, Bhadravati, exclusive of applicable duties, cess & taxes, on per tonne basis. Each lot will be treated as a separate unit for the purpose of bidding / dealing the On Line forward Auction;

4. The Service Providers to Steel Authority of India Ltd., VISL viz., M/s.mjunction services ltd. will provide a user ID and Password to each Individual customer, who submit EMD and documents stated in paragraph above, to enable them to participate in the dynamic auctioning process for the lots of their choice, out of the indicated lots. Before actual participation, the customers may obtain necessary support from the Service Providers so as to enable them to participate in the Online Forward Auction process, without any difficulty;

5. Final Bids given by the customer in the Online Forward Auction process should be kept valid for 15 working days from the closing date of Online Forward Auction as given above for acceptance by the Head of Marketing; conditional offer shall be rejected. Offers for partial lot quantity will also be rejected;

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6. Payment for the allotted quantity shall be made by DD / PO within the period specified against each lot in “Acceptance Offer / Sale Order” / “On line Forward Auction Tender Notice”. In case payment is made through a cheque, dispatches are made after realization of cheque and cheque realization date is considered as date of payment, for all purposes; payment by cash or any other instruments except those as mentioned above shall not be accepted. It is advisable to mention the name of the bidder, their address, phone / fax no. Correctly for proper communications. SAIL / VISL shall not be responsible / liable for non – receipt of offer or any related correspondence in case of any mistake in the communication address or contact number

7. Furnishing of Earnest Money Deposit (EMD) is a Pre-requisite for participating in the online e-forward auction. Permanent EMD (Non – Returnable) and one time EMD (Returnable) are as furnished in the special terms & conditions of the tender notification. No interest will be paid for EMD. One time EMD would be refunded after successful completion of allotted quantity in the lot(s);

8. The delivery will be made only from place mentioned in “E-Forward Auction Tender Notification” and this is subject to prior sale and availability of the material at the time of dispatch.

9. Payment terms, penalty for delayed payments, issue of delivery order, lifting of materials from the yard, ground rent, forfeiture etc., shall be governed by “ Special Terms and Conditions” of the Tender Notification. Non-compliance of tender terms & conditions (Clause-1 of VISL General Terms & Conditions) will entail forfeiture of earnest money deposit/Security Deposit as applicable.

10. Sales Tax will be charged extra as per the rate prevailing on the date of dispatch. Customers, desirous to avail concessional CST, should submit the relevant declaration form at the time of advance payment, else full rate CST will be charged. In case the declaration form is submitted after the dispatch, the refund of the differential in the CST amount or regularization of the same will be arranged only after the same is received from CST Authorities. For sale within Karnataka, VAT will be charged. Validity of the relevant Sales Tax Declaration Form will be as per the prevailing rule of Sales Tax Authority.

11. The successful bidders would have to submit the following documents at the time of deposition of payment.

(a)Sale Tax Registration certificate in case the bidder wants to avail concessional rate of Sales Tax as per rules, VAT registration and / or concessional form as applicable is to be submitted.

(b) Banker’s Name, Address, Branch & Account No.of the bidder, are to be submitted.

(c) Self attested copy of current Income Tax clearance certificate with PAN/GIR may be furnished However, self attested copy of last Income Tax return filled (with stamp & date of IT department) is to be enclosed.

12. SAIL - VISL reserves the right to call for original documents for verification and / or additional documents, if considered necessary at a later stage.

13. SAIL – VISL/M-junction reserves the right to cancel any offer in case of non-submission of any or all the above documents at its sole discretion.

14. SAIL - VISL reserves the right to accept or reject any or all the tenders or to apportion the materials in any manner deemed fit. VISL decision shall be final and binding in the matter;

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15. Applicability of Sales Tax / VAT / Services Tax / TCS and other concession to actual users or Traders would be as per prevalent rule. Tax at full rate will be charged if appropriate form is not submitted.

16. SAIL CMMG Guidelines for sales of other products and SAIL FA1, i.e. General Terms and Conditions of sale through online e-forward auction which is available on SAIL website www.sailtenders.co.in, is applicable to the above tender. The bidders are instructed to carefully go through this document before quoting.

- 17. On allotment, material is to be lifted from the specified location/area only as they are numbered.

18. (i) In case of failure on the part of allottee to abide by the above payment terms and lifting of the material, VISL at its sole discretion may forfeit the Security Deposit paid by him depending on the merit of the case and SAIL-VISL's decision shall be final and binding in this regard.

(ii) - Further VISL will be at liberty to dispose off the said materials in any manner without notice and the defaulting allottee will be held liable to make good the loss or damage, if any incurred by VISL in doing so, in addition to forfeiture of Earnest Money Deposit & Security Deposit paid by him. 19. If for any reasons beyond the control of the company, all the tendered materials or part of the tendered material, only to refund of the proportionate amount paid by the party as applicable to the undelivered quantity or to extend the delivery period suitably at the sole description of the company. The above sale is subject to availability at the time of dispatch.

20. (a) SAIL-VISL is at liberty to cancel the E-auction and withdraw the tendered material even after receiving highest bid/after allotment made without assigning any reasons thereof.(b) SAIL-VISL reserves the right to accept/reject any or all offers or to postpone E-Auction without assigning any reason.

21. (i) - During the period of the contract the workers employed by the successful tendered will be governed by the Labour Statutory Laws and Rules, Factories/Mines Acts and Rules and SAIL-VISL Safety/Security Rules as applicable. It shall be the responsibility of the purchaser to see that statutory provisions are complied with. (ii) The purchaser's workmen, agents or representatives shall not commit any nuisance or indulge in any antisocial activities in plant and the purchaser shall be liable for the good conduct, safety and discipline of workmen.

22. It shall be the responsibility of the persons submitting the tender to ensure that the tenders have been submitted in the formats and as per terms and conditions prescribed in the SAIL website and no change is made therein before submission of their tender. In the event of any doubt regarding the terms and conditions formats, the person concerned may obtain such clarifications from the authorized officer of SAIL. In case any tempering/unauthorized alteration is noticed in the tender submitted, from the tender document available on the SAIL website, the said tender shall be summarily rejected and the Company shall have no liability whatsoever on the matter. However, deviation if any proposed by the tendered may be separately indicated for acceptance or otherwise of SAIL. Such proposed deviation will not be treated as tampering for the purpose of application of this clause.

23. IN ALL CASES OF DISPUTES ARISING OUT OF THIS TRANSACTION, THE SETTLEMENTS WILL BE THROUGH NEGOTIATIONS / CONCILIATION / ARBITRATION, FAILING WHICH THE COURT AT BHADRAVATHI ALONE WILL HAVE THE JURISDICTION.

(Kuthalanathan.L) AM - Mktg & Shipment

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LETTER OF INTEREST

The Head of the Marketing,(Secondary Products)

M/s. Steel Authority of India Limited,

Visvesvaraya Iron & Steel Plant,

BHADRAVATI-577 301.

KARNATAKA.

Dear Sir,

1 I / we M/s. …………………………………………………… are interested in participating in the online

forward auction notified vide your E-Auction Notification No.VISL/TENDER/RS(4)MJ-

25/2013-14 dated ------------ for sale of Unplanned Ingots / CC Semis (Sl.

No………………Qty…………. MT.)

2 We are hereby submitting an EMD of Rs._____________________

a) By DD / PO_____________Dated _____________ in favour of M-JUNCTION

SERVICES LIMITED (CMS Code: MSAILEMD)

(OR)

b) By NEFT/ RTGS vide UTR No: ________________________dated ____________

(OR)

c) By direct transfer from the HDFC Bank account to MJ’s account No: 00140310003480

3 We agree to abide by all the instructions contained in the above indicated in e-auction

notification, VISL General Terms & Conditions, “SAIL-FA1–General Terms and Conditions of Sale

through Online Forward Auction (OLFA)” available on SAIL / Service Provider’s website and your

General and Special Terms & Conditions of sale of materials.

4 I / we understand that my / our bid in an e-selling event would be construed as my / our

acceptance to the “SAIL FA1 – General Terms & Conditions of Sale through Online Forward

Auction (OLFA)” available at SAIL / Service Provider’s website and General Rules and

Regulations governing conduct of online Forward Auctions (Annexure-C). I/We understand that

if our bid is accepted by M-junction, and approved by SAIL, I /We are obliged to complete the

transaction.

5. I / We agree that we have been provided training by Service Provider in order to participate in

Online Forward Auctions.

6 I / we instruct and authorize Service Provider to allot User–id and password to me/us and

activate the same to participate in the above-mentioned online forward auction.

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7. I / we agree that I / we shall change the password on the very first day of receipt by me / us and keep it confidential and shall not disclosed to anybody. I / we hereby agree that Service Provider shall not be held responsible in any way for any direct/indirect or remote loss/losses may be suffered by me / us as a result of disclosure of the password to any other person by me.

8. I / we understand that my / our inability to participate in an e-selling event due to disruption of my / our internet services, or due to bandwidth problems with my / our local internet service providers are beyond the control of Mjunction.

9 In the event of any failure on our part to comply with all or any of the Terms & Conditions regarding the online forward auction, I / We irrevocably agree for the forfeiture of our Earnest Money Deposit and Security Deposit (if applicable).

10 We are providing the following details to you in connection with the above Online

forward auction:

a) Name of the contact person on our behalf : ________________________________b) Our contact Telephone No : ________________________________

c) Our contact FAX No : ________________________________

d) Our contact E-Mail particular : ________________________________

e) Bank Name : ________________________________

f) Branch Name & Address : ________________________________

g) Branch Telephone no : ________________________________

h) 9 digit code number of the branch : ________________________________

I) Account type : ________________________________

j) Ledger No / Ledger folio no : ________________________________

k) Account no : ________________________________

l) Other documents required by the plant / Unit, if any : ________________________________

m) Permanent Account Number (PAN) : ________________________________

n) TIN No. :_________________________________

o) ECC No :_________________________________

Yours faithfully Signature of Authorised Person : ________________ Name of the person signing : __________________ For M/s. ___________________________

(With Company’s Seal.)

Consignee Address:_______________________________________________________________________________________

Billing Address:_______________________________________________________________________________________

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ANNEXURE- C

GENERAL RULES AND REGULATION GOVERNING CONDUCT OF ONLINEAUCTIONS ON THE “SERVICE PROVIDER” PLATFORM

INTRODUCTION:

This Online Forward Auction is being conducted for , Steel Authority of India (Hereinafter referred as the “Client’’) on the Auction Platform of mjunction services ltd (Hereinafter referred as “Service Provider”). The General Rules and Regulations provided herein govern the conduct of on line Forward Auctions arranged by “Service provider” on its Auction Platform. These rules cover the Roles & Responsibilities of the parties in the online Forward Auctions on the Auction Platform. Acceptance in-to these General Rules and Regulations governing conduct of online auctions and Terms and Conditions for Sale of Materials by auction of Visvesvaraya Iron & Steel plant is a pre–requisite for securing participation in the online auctions.

The key terms pertaining to the online Forward Auctions are provided in the “Annexure-D”. Prospective bidders are advised to read through the same.

ROLE OF “SERVICE PROVIDER”

1. “Service Provider’ is the agency (operator) primarily providing the service of the Forward auction to the “client”.

2. Finalization of the auction items in consultation with the client.3. Defining of bidding rules for each auction in consultation with the client.

a. Enhancing bidder awareness of and comfort with the auction mechanism and bidding rules.

b. Input of the Auction items and defining the bidding rule in the auction engine.c. Enlarging the customer base by introducing new bidders.d. Collection of EMD, Letter of Interest etc. from the willing bidders and forwarding the

same to the Client.e. Providing access to the approved bidders to participate in the Auction.f. Summarizing the Auction proceedings and communicate the outcome to the Client.

The responsibility of fulfillment of the contract rests between the bidders and the client and the responsibility of the “Service Provider” shall be restricted to the extent of the services provided by them.

ROLE OF BIDDERThe role of the bidder is outlined below:

1. The bidder would participate in the auction with the aim of bidding to secure the auctioned item in the auction

2. The bidder would be provided access to the Auction through an “User ID” protected by a “Pass-word”. The bidder needs to ensure that the “User ID” and “Password” is not revealed to unauthorized persons. Bidders are also requested to change the password allocated to them by the “Service Provider” to keep their confidentiality. However it would be bid-der’s sole responsibility to ensure the security and privacy of the same and he/they would not hold the “Client” / “Service Provider” responsible in any manner whatsoever for any misuse of these user IDs and/or Password. Access to the auction mechanism shall be provided to all the approved bidders subsequent to obtaining their written consent to the General Rules & Regulations and the Letter of Interest. Payment of Earnest Money Deposit (EMD) as decided by the client before the start of the Forward auction will be one of the necessary conditions for participating in the auc-tion.

3. Bidders hereby confirm that they shall commit to lift the item (being bid for) at the price entered by them in the auction engine AND at the terms and conditions specified herein by the Client. All Prices entered shall be legally binding on the bidders. Bidders are strongly advised to exercise due diligence while placing bids. Failure to honor the bids placed during online bidding shall render the bidders liable for penal action as deemed fit by “Client” / “Service Provider”.

4. In the event of winning an allotment in the auction mechanism, the bidder shall commit to fulfill outlined obligations under the contract.

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5. The bidders shall bid on the terms specified by the client & place their bid in the auction engine in the manner specified by “Service Provider”. The bidders shall not stipulate any conditions on their own unless the terms of the client (the client’s terms & conditions) expressly permit such conditions being stipulated by the bidder. Bids entered with conditions attached shall be considered Conditional bids & “service provider” retains the right of rejecting these bids even without intimating the client.

BIDDING RULES

The Bidding Rules refer to the information and terms defined specifically for a particular auction. The purpose of the Bidding rules is to provide approved bidders with the information and terms specific to the auction in which they are bidding. This would include:

• Definition of the unit bidding• Start Time and duration of the auction• Any extension of the duration of the auction in the event of bids being received towards the

end of the pre-specified duration• Start Bid Price• Specified Unit for Bidding• Price Increments and any reduction in the price increment in the auction in the event of

inactivity• Other attributes (informational/non-negotiable in nature)

While it shall be the endeavor of “Service Provider” to specify these rules at the earliest for each online auction, the “Service Provider” shall retain the right to delay the announcement of these biddings rules or modify rules specified earlier at the time of the online bidding. These details would be available to the bidders on the Auction Engine at the time of bidding.

Participation in the auction process presumes complete awareness & understanding of the bidding rules.

CONDUCT OF THE AUCTION:

Only those bidders who have been approved by the “Client” and handed over stamped and manually signed “General Rules and Regulations governing conduct of online auction along with Letter of Interest, required EMD amount and other necessary documents to the “Client”/ “Service Provider” prior to the start of online auction will be given “Login ID” & “PASSWORD” to enable them view and participate in online auction.

The Auction shall be conducted on pre-specified date. The Key Terms pertaining to the conduct of Auction such as “START TIME”, “DURATION”, “END TIME” & “AUTO EXTENSION FACILITY” Shall be specified separately for each Auction.

“Service provider” retains the right to cancel or reschedule the auction, with the approval of the Competent Authority of the Client, on any of the following reasons:

• The number of confirmed bidders is deemed insufficient to conduct the auction• Some of the confirmed bidders are unable to access the module due to infrastructure

problems such as sustained power failure or telecommunication breakdown.• There are no bids, which are equal to or below Start Bid Price.• Any other reason which in the opinion of “Service Provider” / “Client” requires such action to

be initiated.

The duration of auction may also vary from the pre-specified period of time either on account of termination of the auction by “Service Provider” on the advice of the Client.

Or In case of situations where it is felt that continuance of the auction proceedings is prejudicial to the smooth conduct and / or the integrity of the auction process.

OrDue to Auto Extension during the Auction, duration may increase from specified period. In the event of any problems being faced in the smooth conduct of the auction, “Service Provider” with the approval of the Competent Authority of the Client, shall have the right to undertake one or more of the following steps:

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• Cancellation/ premature termination of the auction with/ without a subsequent rerun of the auction on a mutually decided date

• Cancellation of a bid• Locking / deactivate 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”. “Service Provider” will bid on behalf of the bidder with the minimum increment until the bid price reaches the best price offered by the bidder, by proxy bidding mechanism.

The best price communicated by the bidder will have to be authenticated by written confirmation or fax to the “Service Provider” and will be kept confidential between the “Service Provider” and the bidder. Bidder will be bound by the price offered.

LIABILITY OF “SERVICE PROVIDER”

“Service Provider” shall not be liable to the client/ bidders participating in the auction or any other person(s) for:

• Any breach of contract by any of the parties in the fulfillment of the underlying contract.• Any delays in initiating the online auction or postponement / cancellation of the online auction

proceedings due to any problem with the hardware / software / infrastructure facilities or any other shortcomings.

While, reasonable care and diligence will be taken by “Service Provider” in discharge of its responsibilities such as design of the online bid, communication of bid details and rules, guidance to client/ bidders in accessing the Auction Engine and placing bids, etc. the bidders shall specifically indemnify “Service Provider” from all liabilities for any shortcomings on these aspects. It is clearly understood that these activities are undertaken by “Service Provider” to assist the bidders in participation but the ultimate responsibility 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 Online Auction without assigning any reason whatsoever. The decision of the client would be final and binding on the bidder in any such case.

CONFIDENTIALITY CLAUSE:

“Service Provider” undertakes to handle any sensitive information provided by the client or confirmed bidders for the auctions conducted with utmost trust and confidentiality.

JURISDICTION

Any disputes relating to the online auction module shall be subject to the sole jurisdiction of Court of Law having jurisdictions over the

Plant from where the materials are being sold.

Signed in acceptance of the above terms and conditions

Name: Signature

Designation of signatory Date Place Telephone / FAX no._______________________

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ANNEXURE-D

DEFINITION OF KEY TERMSAuction.

Auction refers to a forum where the requirement for one/more lots of an item is stated and the participants (bidders) are required to bid down the price to be selected to supply the requirement.

Online Auctions.

Online auctions refer to those auctions conducted through the internet with the bidders (from one or more locations) simultaneously bidding to be selected for supplying the item/s on auction. In other words, the venue for the auction is on an Internet website/ platform. The "Service Provider's" website assigned by "Service Provider" would constitute venue for the purpose of the online auction.

Award at the Auction.

In a single winner format, only one bidder (normally the bidder who quotes the highest price) is awarded all the units of the item being auctioned. The bidder quoting the highest price is normally allotted the item.

Client.

Client is the individual/business entity who has contracted "Service Provider" to conduct such auction. In case of auction, the purpose would be the genuine intent to sell the selected item/s (Lot) to the bidders desiring to buy these items from the Client.

Bidder.

Bidder is the individual/business entity participating in the auction, intending to buy the item/s from the Client. To be become a Bidder in the auction, a business entity has to secure client approval for participation and also provide written assent to the General Rules and Regulations

Auction Engine.

Auction Engine refers to the software that encapsulates the entire auction environment, processing logic and information flows. "Service Provider" is the sole owner of the auction engine and retains exclusive right over the utilization of the same.

Timings of the Online Bid.

All the timings of the Online Bid shall be based on the time indicated by the Server hosting the Auction Engine. It shall be the endeavor of "Service Provider" to ensure that the Server Time reflects as closely as possible the Indian Standard Time (IST) i.e. GMT + 0530 hrs. However, in the event of any deviations between the Server Time and the Indian Standard Time, the functioning of the Auction Engine (launch, operation, and closure) would be guided by the Server Time. Bidders are advised to refresh both the windows of the Auction Module check the exact Server Time (displayed in both the windows).

Preview Time.

Preview Time refers to the period of time that is provided prior to the commencement of bidding. This is to facilitate approved participants to view the auction details such as item specifications, bidding details and bidding rules. The purpose is also to familiarize participants with the functionality and screens of the auction mechanism. It is not mandatory for "Service Provider" to provide Preview Time.

Start Time.

Start time refers to the time of commencement of the conduct of the online auction. It signals the commencement of the Price Discovery process through competitive bidding.

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Duration of the Auction.

It refers to the length of time the price discovery process is allowed to continue by accepting bids from competing bidders. The duration of the auction would normally be for a pre-specified period of time. However, the bidding rules may state the conditions when the pre-specified duration may be curtailed/ extended. The conditions include:

• Curtailment of auction duration in the event of no bids for a specified period of time (Inactivity Time)

• Automatic extension in the event of bids being entered towards the end of the scheduled duration to facilitate the other bidders to view and react to the bid.

Auto Extension of the Auction Timings.

In the event of bids in the last few minutes of the scheduled bid time, the Bid Timings are automatically extended for a specified period from each such bid. Such Auto Extension shall continue until no bids are placed for the specified period (Engine remains inactive for the specified period). The Inactivity Time for Auto Extension purpose is normally X minutes. "Service Provider" however retains the right to change the same. The Inactivity Time applicable for the particular Online Bid shall be visible to the bidders under the Bidding Rules module on the engine.

End of the Auction.

End of the Auction refers to the termination of the auction proceedings signaling an end to the price discovery process.

In the event of auctions continuing beyond 6.45 pm, the same will be PAUSED and will be CONTINUED next day.

Auction Report.

"Service Provider" would provide an Auction Report to the Client containing a summary of the auction proceedings and outcome. The Auction Report would constitute the official communication from "Service Provider" to the client about the outcome of the Auction.