Bharat Petroleum Marine Cargo Insurance Tender Mumbai Maharashtra 2026 - Marine Transit Insurance Service

To bid, ensure your company is BPCL-empanelled in the marine insurance category and provide proof of registration at bid opening. Include financial statements, GST, PAN, and insurance credentials. The tender permits a 50% quantity/scope adjustment; be prepared with scalable coverage plans and experience certificates.

Submit GST certificate, PAN, 3 years of financial statements, marine insurance experience certificates, broker/underwriter licenses if applicable, OEM authorizations, and BPCL empanelment proof. Include technical bid documents and EMD documentation as per terms; ensure registration is current before bid opening.

The tender seeks marine cargo insurance service for exports/imports by sea, centered on BPCL-approved empanelled insurers. While no fixed BOQ items exist, bidders must demonstrate capability to provide comprehensive marine transit coverage, risk assessment, and claim settlement efficiency compliant with standard insurance expectations.

Bid opening date is not disclosed in the data provided. Bidders must ensure BPCL registration prior to bid opening and monitor official communications for submission deadlines and any addenda that clarify the opening schedule.

The contract allows a 50% increase or decrease in quantity or duration at contract issue. Post-award changes may be permitted up to 50% with the consent of the service provider, enabling flexible scaling to match cargo volume.

Visit BPCL's procurement portal or contact the supplier registration desk to verify current empanelment in the marine insurance category. Ensure your organization holds valid registrations and has no pending compliance issues prior to bid submission.

Payment terms are tied to BPCL contract norms (not detailed here). Bidders should align with standard insurance procurement practices, including risk transfer clauses, timely premium invoicing, and clear claim settlement timelines as part of the proposal while awaiting specific terms.

No BOQ items are listed in the available data. Bidders should prepare a comprehensive service proposal for insurance coverage, with scalable premium structures and evidence-based risk assessment, pending any additional schedule or schedule of rates released by BPCL.