Tender notice for sale of salvage methanol as mixed solvent on " as is where is and no complaints basis".
*Item description: Contaminated methanol (salvage)
*Location: Tank number 102 (Approx. quantity 3405 KL) and
Tank number 117 (Approx. quantity 1552 KL) Vizag seaport
*Basis of sale" As is where is basis.
*Inspection dates: 08/05/2026 to 20/05/2026
EMD amount: Rs. 25 Lakh will be deposited with E-Bidding company www.justauction.in unit of Sam Salvage and Claims Settler Private Limited refunded within 15 days or adjusted for winning bidder at the end) Bank details is as under:
Bank Details: (For EMD Deposit Only)
Bank Name: City Union Bank Ltd.
Branch Name: Keltron Chambers, Ground Floor, 18/7-8, W.E.A, Arya Samaj Road, Karol Bagh, New Delhi.110 005
A/c Name: Sam Salvage & Claims Settlers P Ltd.
A/c No. : 102109000204306
IFSC Code: CIUB0000102
Reserve Price: Rs. 3/- per kg.
Bid increment: Rs. 0.25/- paisa per kg.
Highest bidder shall deposit Rs. 1.50 Crores before lifting of material and further deposits multiples of Rs. 50 Lakhs only. (Bank details will be provide to highest bidder)
Time of E-Bidding will be held on 27.05.2026 between 3:00 pm to 4:00pm
Terms
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1) Bidder likely interested in participating should have methanol state Excise licence in Andhra & Gujarat, any other state where applicable as per Govt norms.
2) Bidder likely interested in participating should have a valid GST Registration Certificate, Pan Number and permission from the state pollution control certificate, If required.
3) The successful bidder must arrange for the evacuation of the entire quantity within 40 days from the date of allotment. In the event of delay due to genuine operational reasons, an extension of additional 20 days may be considered upon written request, but not exceeding 60 days from the date of allotment.
4) If the successful bidder fails to lift the material within 40 days, storage charges will be applicable as per East India Petrol Limited’s rules.
5) The EMD amount will be forfeited if the successful bidder fails to lift the material within the stipulated period set forth. The deposit amount of Rs. 1.5 Crores would be adjusted against the salvage value so arrived and in case of the highest bidder fails to lift the entire material within the stipulated period of 60 days, such adjustment would not be considered.
6) The successful bidder shall be responsible for adhering to all safety protocols during the transportation process from the port area as per EIPL and Customs. And complete cooperation will be provided to highest bidder in smooth lifting of salvage by the insured.
7) Administrators reserve the right to accept or reject any or all bids without assigning any reason.
8) The prospective bidder shall have the right to inspect & take samples of damaged “methanol” Before participation & submission of EMD and coordinating person details as under:.
Contact person: Mr. Karunakar
Phone number: +91-99121 72645
Bank Details: (For EMD Deposit Only)
Bank Name: City Union Bank Ltd.
Branch Name: Keltron Chambers, Ground Floor, 18/7-8, W.E.A, Arya Samaj Road, Karol Bagh, New Delhi.110 005
A/c Name: Sam Salvage & Claims Settlers P Ltd.
A/c No. : 102109000204306
IFSC Code: CIUB0000102
NOTE :( GST EXTRA)
Bid does not include GST