Auction ending in:
Auction Start Time: 05 Oct 2026 15:00 IST
Auction Close Time: 05 Oct 2026 16:00 IST
Private Auction
To bid on this auction you have to deposit EMD amount. Kindly call JustAuction Administrator for more details.
Starting Bid Price:
11.00
Bid Increment:
0.25
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 & 117 (Approx. quantity 2176 MT) Vizag seaport
*Basis of sale" As is where is basis.
*Inspection dates: 24/09/2026 to 03/10/2026
EMD amount: Rs. 10 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. 11 per kg
Bid increment: Rs. 0.25/- paisa per kg.
Time of E-Bidding will be held on 05.10.2026 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 full amount for the damaged Methanol shall be deposited in advance.
4) The lifting of the damaged Methanol shall be completed within 30 days from the date of the first lifting, which shall commence within 5 days from the date of allotment.
5) 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.
6) Administrators reserve the right to accept or reject any or all bids without assigning any reason.
7) 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