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Container Corporation Of India Limited Comprehensive Insurance Coverage for Tilter Trailers Tender 2025 Railways PSU

Bid Publish Date

13-Nov-2025, 4:45 pm

Bid End Date

24-Nov-2025, 5:00 pm

Value

₹7,45,550

Location

SOUTH DELHI , DELHI
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Progress

Issue13-Nov-2025, 4:45 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Categories 2

SERVICES HIRING OF WAGONR

Tender Overview

  • Organization: Container Corporation Of India Limited (CICL), a Railways Public Sector Undertaking.
  • Service: Comprehensive Insurance Coverage for tilter trailers.
  • Estimated Value: ₹745,550.00.
  • Location: Not specified in available data; procurement scope appears national.
  • Context: Tender seeks insured risk coverage for tilter trailers; no BOQ items or explicit scope details provided.
  • Key differentiator: Insurance procurement through a government-owned logistics entity; emphasis on coverage for rolling equipment.
  • Unique aspects: No technical specifications disclosed in the excerpt; refer to tender document for ATC clauses.

Technical Specifications & Requirements

  • No technical specifications available in the provided data.
  • From the title, scope encompasses insurance coverage for tilter trailers; bidders should anticipate standard motor/vehicle cargo/operational risk coverage terms.
  • Potential requirements to expect: insured value alignment with fleet, third-party liability, theft, fire, transit risks, and validity across contract term.
  • Since BOQ items are zero, prepare to submit a broad insurance policy proposal meeting statutory norms and CICL risk thresholds.
  • Review any OEM or entity-specific clauses in the tender document’s ATC terms.

Terms, Conditions & Eligibility

  • EMD: Not disclosed in the provided data; verify in tender document.
  • Experience: Not specified here; bidders should confirm prior insurance service contracts with logistics/PSU entities.
  • Delivery/Validity: Insurance policy term and renewal cadence to be clarified in ATC.
  • Payment terms: To be defined in contract; confirm premium payment schedule and settlement terms.
  • Documents: GST certificate, PAN, financial statements, prior insurance compliance, and OEM/underwriter authorizations are typical inclusions to verify.
  • Warranties/Liability: Confirm coverage limits, deductibles, and claim settlement timelines.
  • Penalties: Check for performance or timely policy issuance clauses and penalties if breached.

Key Specifications

  • Product/Service: Comprehensive Insurance Coverage for tilters trailers

  • Estimated Value: ₹745,550.00

  • Scope: Insurance terms likely covering transit, theft, fire, third-party liability, and general risk

  • Standards/Compliance: To be specified in ATC; expect motor vehicle and insurer regulatory standards

  • Delivery/Term: Policy duration and renewal terms to be clarified in tender documents

  • Documentation: Submission of GST, PAN, financials, experience certificates, and insurer/oem authorizations

Terms & Conditions

  • EMD amount and submission method to be confirmed in contract documents

  • Delivery terms and policy validity tied to tender ATC clauses

  • Payment terms and premium payment schedule to be defined in agreement

Important Clauses

Payment Terms

Premium payments and renewal charges to be detailed in contract; verify whether advance premium, installment options, or reimbursement terms apply.

Delivery Schedule

Policy issuance timelines and onboarding for CICL fleet; ensure coverage starts upon policy issuance or as specified.

Penalties/Liquidated Damages

Clauses on non-performance or delayed policy issuance; penalties to be defined in the tender ATC.

Bidder Eligibility

  • Past experience delivering comprehensive insurance coverage to logistics or PSU fleets

  • Financial stability evidenced by last 3 years of financial statements

  • Authorization from insurer/underwriter to provide required coverage

  • GST registration and PAN compliance

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Bid To RA Enabled

No

Item Category

Custom Bid for Services - Comprehensive Insurance Coverage for Tilter Trailers

Authority Records

MINISTRY OF RAILWAYSCONTAINER CORPORATION OF INDIA LIMITED

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Documents 6

GeM-Bidding-8585659.pdf

Main Document

Scope Of Work Document

SCOPE_OF_WORK

Payment Terms & Condition

PAYMENT

Other Documents

OTHER

Other Documents

OTHER

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN)

3

Experience certificates of similar insurance service contracts

4

Financial statements (last 2-3 years)

5

EMD/Security deposit as specified in the tender document

6

Technical bid documents and policy sample/endorsements

7

OEM authorizations or underwriter confirmations (if applicable)

Frequently Asked Questions

Key insights about DELHI tender market

How to bid for insurance tender in India for tilter trailers

Bidders should review CICL’s tender documents for ATC clauses and submit: GST, PAN, financials, prior insurance experience, and insurer authorizations. The bid requires demonstrating capability to underwrite fleet risk with policy terms aligned to tilter trailer operations and transit coverage.

What documents are required for tilter trailer insurance tender submission

Required documents typically include GST certificate, PAN, last 3 years financial statements, experience certificates for similar insurance contracts, insurer authorization letters, and technical bid documentation. Ensure all documents are current and match the bidder’s legal entity name.

What are the insurance scope requirements for tilter trailers

Expect coverage for transit, theft, fire, third-party liability, and general risk to tilters. Policy terms should align with fleet value (~₹745,550) and include renewal options, claim settlement timelines, deductibles, and service levels as per ATC clauses.

When is the insurance bid submission deadline for CICL

Deadline details are to be extracted from the tender ATC; bidders should monitor CICL portal or the tender document for exact submission date and time, ensuring all mandatory documents and bid security are prepared.

What are the payment terms for CICL tilter trailer insurance

Payment terms typically specify premium payment timelines, possible advance payment or installments, and settlement arrangements after policy issuance. Confirm with the tender document and contract for exact timing and modes (online/DD).

What standards or certifications are required for tilter trailer insurance

Bidders should expect compliance with local insurance regulations and may need insurer/underwriter authorizations, and policy endorsements. Specific IS or BIS standards are unlikely; verify in ATC for any standardized compliance expectations.

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