Bharat Petroleum Corporation Ltd Marine Cargo Insurance Tender 2026 India - Insure Exports/Imports Sea Transport 2026

Tender Overview

Bharat Petroleum Corporation Ltd invites bids for Marine Cargo Insurance covering exports/imports by sea. The procurement focuses on marine and transit insurance service for cargo transported by sea, with BPCL’s requirement for bidders to be registered/empanelled with BPCL at bid opening. The tender includes a 25% optional adjustment to contract quantity or duration at issue and again upon contract issuance. An Integrity Pact must be uploaded as part of bid submission, aligning with BPCL policy. This opportunity targets insurers capable of marine cargo risk coverage for international shipping, adhering to BPCL’s registration prerequisites and governance standards.

Technical Specifications & Requirements

• Service category: Marine Cargo Insurance (exports/imports), sea transport insurance.
• Scope: Insurance coverage for maritime transit of BPCL cargo; exact cargo types not specified in data.
• Vendor prerequisites: Registered/empanelled with BPCL for marine insurance services as of bid opening; verify registration status before bid.
• Compliance requirements: Upload scanned Integrity Pact signed per BPCL policy; strict adherence to BPCL’s empanelment rules.
• Contract flexibility: Buyer may adjust contract quantity or duration up to 25% at contract issue; post-issuance adjustment limited to 25%.
• Documentation: Registration proof and Integrity Pact submission are mandatory; ensure all regulatory/organizational clearances are current.
• BOQ/quantities: No BOQ items listed; no estimated value provided in available data.
• Standards/certifications: Not specified in available data; bidders should anticipate standard marine insurance compliance.

Terms, Conditions & Eligibility

• EMD/Security: Not specified in data; confirm BPCL requirements during bid draft.
• Empanelment: Only BPCL-empanelled vendors eligible at bid opening; obtain or renew BPCL enrollment beforehand.
• Integrity Pact: Upload signed pact as per BPCL policy.
• Contract adjustments: Accept 25% quantity/duration flexibility at contract issue.
• General compliance: Register with BPCL for the required category; ensure documentation supports eligibility.
• Documentation readiness: Provide registration proof, Integrity Pact, and any requested certificates prior to bid opening.