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SPECIFICATIONS/CONDITIONS FOR THE IMPORT OF RAW CASHEWNUTS
Dried raw cashew nuts: Current season new crop of 2008 African Origin good quality rawcashew nuts(except Nigeria ) (Import or Local).
Quantity: Minimum 2000 M/Ts. should be offered. Quotation can be submitted for expected stock also. But, rates need be given only for ready stock. A Certificate from an internationally reputed surveyor certifying the quantity in stock and quality including outturn guarantee per bag of 80 kilograms as per the tender norms, actually held by the tenderer should be produced along with tender .
Credibility: Credibility Certificate from a reputed foreign Bank showing that the tenderer has the capacity to supply the raw nuts, should be produced along with the tender.
Price: Price should be quoted as C&F Cochin/Tuticorin, based on landed weight and landed quality including outturn guarantee based on the cutting outturn by the surveyor or shelling outturn of CAPEX
Count: Number of raw nuts per kilogram should be indicated by the Seller.
Moisture: Maximum 10%
Foreign matter: Nil
Defective nuts : Maximum 10%, including rotten, void, diseased, partly damaged, spotted, and immature. Defective nuts upto 15% are acceptable subject to the condition that the percentage excess shown as defective above 10% will be deducted from the invoice value on prorata basis
Outturn Guarantee : Outturn Guarantee in kgs/lbs per 80 kgs bag should be specified.
Packing : 80 kgs in sound jute/sisal bags.
Shipment : Shipment by sea in full liner break bulk cargo or container. Shipment should be within 20 days from the date of contract in the case of CAD or DA terms and within 30 days from the date of LC, if on LC terms.
Payment : 90% payment will be effected after shipment and after acceptance of original shipping documents by the buyer. Balance will be paid after assessing quality and quantity at the port of discharge and by surveyors nominated by the Buyer and within one month after taking delivery of the cargo. Preference will be given to suppliers accepting various DA terms of payment and accepting the shelling outturn of CAPEX.
Performance Bond : The Performance Bond (PB) @ 3% of the contract value of the nuts has to be executed and paid within 15 days after confirming the order under LC terms. PB has to be opened either by an Indian Bank owned by Government of India or by a reputed foreign bank. If the PB completed in all other respects is not received within 15 days from the date of contract under LC terms and the copies of the documents of shipment are not received within 10 days after shipment date in the case of CAD-DA terms, the EMD is liable to be forfeited.
Quality Inspection : Quality of the raw nuts shall be assessed by internationally reputed surveyors at the choice and cost of the buyer at the discharge port. For determining the outturn 25% of the kernels of partly damaged, spotted or immature will be taken as good and will be added with the weight of good quality kernels. Rotten, void, and diseased will not be taken into consideration for calculating outturn.
Weight : If the surveyor at Cochin/Kollam certifies that the nuts are found to have higher percentage of moisture, count/kg and defective nuts than the prescribed maximum, the amount proportionate to the quantity of such moisture, count and defective nuts found higher than the prescribed maximum will be reduced from the price separately. Price will be calculated on the basis of landed weight of the cargo. Foreign matter and weight of empty bags will be reduced to arrive the net weight. Proportionate reduction in price will be made if the outturn is found less than the guaranteed out turn
Other Condition : The last date and time of receipt of tender is 10.30 am on 31.01.09. An amount of Rs. 50,000.00 or equivalent U.S. Dollars either by D.D/Cash should be remitted towards EMD along with the tender. The tenders will be opened on 31-01.09 at 11.00 am at the office of CAPEX H.O.,at Kollam in the presence of attending tenderers. In case the quotations are not acceptable to the buyers, the quotationers will be given time the same day to submit their revised offers in sealed covers. Quotations once accepted cannot be withdrawn. The EMD of Rs.50, 000.00of the successful quotationer will be returned after performance bond is received and accepted by our bankers and EMD against CAD-DA shipment will be released only after final payment is made. The successful tenderer will have to give Performance Bond of 3% of the contract value and the Performance Bond will be released only after final payment is made. Unsuccessful tenderers can demand their EMD after finalization of tender.
Offers, which are incomplete and received late, are liable to be summarily rejected.
The Managing Director reserves the right to accept or reject any offer or to change the quantity without assigning reasons.
(MANAGING DIRECTOR)
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