MMTC, India’s largest and state owned trading house, issued a Expression of Interest (EoI) for empanelment of foreign suppliers to purchase imported Heavy Melting Steel (HMS) scrap and Shredded scrap at Indian ports.
The company has released this EOI for shortlisting the reputed foreign suppliers who are willing to supply scraps at a competitive price on regular basis, both through container and on break bulk basis at Indian ports for sale in domestic market.
Interested bidders shall submit the copy of following documents:
1. Corporate profile of the company in detail.
2. Minimum three years of experience in supply/export of scrap.
3. Should have supplied minimum 100,000 MT/year scrap in the Indian market in any of the last three years.
4. Monthly supply capacity of scrap.
5. Annual report of the company for past three financial years.
6. Profit making in at least two out of last three years.
7. Bank reference with a turnover of USD 20 million/year in any of the last three years.
8. Certificate of incorporation duly self attested.
Scope of work
1. The shortlisted suppliers will form part of MMTC panel, which will act as backup suppliers. The company will execute contracts of supply with its panel of suppliers on CIF/C&F/CFR/FOB basis.
2. The commercial terms will be decided subsequently with the empaneled suppliers.
3. The shortlisted suppliers need to ensure compliance of all the government regulations/orders/policies/guidelines/conventions, etc.
Schedule
The due date for this application is 30 June’16 at 15:00 hrs.
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