Marketing Division, IOC Procurement: Lubricating Base Oil Barge Transport 1000-2500MT Capacity 2025

Tender Overview

The opportunity is issued by the Marketing Division, Indian Oil Corporation Limited for Goods Transport Services specifically for transporting Lubricating Base Oil by barge with a capacity range of 1000MT-2500MT. The tender notes an estimated value of ₹4,080,931.38 and involves the scope of barge-based transport; however, exact start/end dates and location aren’t disclosed. A key differentiator is the flexible contract quantity/duration clause allowing up to 25% increase/decrease at contract issuance and subsequently, with a capped adjustment. The tender references an optional excess settlement mechanism enabling additional charges up to a defined percentage on the item-level value, subject to documented support. Bidder compliance with uploaded certificates is mandatory, as missing documentation risks rejection. This procurement emphasizes fleet capability, on-time delivery, and compliant invoicing under IOC governance.

Technical Specifications & Requirements

• Product/service: Goods Transport Services – Barge transport of Lubricating Base Oil.
• Capacity: 1000MT-2500MT per voyage, unspecified route or cadence.
• Quantity/Value: Estimated value ₹4,080,931.38; no itemized BOQ listed.
• Flexibility: Contract quantity/duration up to 25% adjustment during bid/contract issuance.
• Financial terms: Excess settlement option allows additional charges up to a defined percentage on the item-level total value, with mandatory documentation.
• Documentation: Mandatory upload of all required certificates/documents as per bid, ATC and corrigendum; non-compliance leads to rejection.
• SOW/ATC: Related Scope of Work and ATC documents are attached for bidder reference.
• Standards: Not specified; bidders should align with IOC procurement norms and audit requirements.
• Delivery/Logistics: No explicit delivery timeline; bidders should verify with IOC for schedule and barge readiness.
• Compliance: OEM authorizations and quality/compliance certificates are typically required in IOC tenders.

Terms, Conditions & Eligibility

• EMD: Not disclosed in data; bidders should confirm exact amount with IOC terms.
• Quantity/Duration variation: Up to 25% at contract issuance and thereafter; acceptance of revised scope is mandatory.
• Excess charges: Invoices may include additional charges up to the allowed excess settlement percentage with documentary support.
• Certificates: Upload of specified certificates is mandatory; missing documentation can result in bid rejection.
• Documentation: Ensure submission of GST, PAN, experience proofs, financials, technical compliance certificates and OEM authorizations per IOC ATC.
• Penalties: Not explicitly listed; bidders should verify LD/penalty terms in the SOW/ATC attachments.
• Payment terms: Not specified; bidders should await IOC final terms in the bid document.
• Warranty/AMC: Not specified; check standard IOC procurement terms for after-sales support.