Insurance of Stocks Stored in Owned and Hired Godowns and Open CAPS

Tender Inviting Authority:- MADHYA PRADESH WAREHOUSING & LOGISTIC CORPORATION, BHOPAL

Name of Work:- Insurance of Stocks Stored in Owned and Hired Godowns and Open CAPS

Name of Bidder:-

Nature of Interest: All material in the custody of the insured or for which the insured is responsible, including as described specifically for each policy below. It is the insured's intention to ensure indemnity for all such stock across all the policies detailed below for all the risks/addons/ clauses, and no claim should be denied for any error or omission in any RFP or policy issued. MPWLC reserves the right to amend/select limited or all the covers and addons sought or to remove any addon covers after evaluating the impact of such add on covers' quotes/premium, if any, on overall premium.

Basis of Indemnity: Indemnity to be provided as per WHR (Warehouse Receipt which includes cost of grain and PP/Bardana/Gunny Bag), price for agriculture commodities and value of stock in other cases.

Policy 1A Policy for Stocks of Food Grains, Sugar, Salt, Oil Seeds, Coarse Grains, Pulses, Cotton Bales, Fertilisers, Tendu Patta and such other notified commodities etc. and Jute / PP / Bardana / Gunny Bag etc. stored in various godowns owned and hired by MPWLC. Risk Coverage:- Standard Fire and special perils policy on floater declaration basis on stocks. Add-on-covers spontaneous combustion and earthquake, Rain water damages, Appraisement Clause, Automatic Reinstatement, Goods Held in Trust Clause, Broad Water Damage, Impact Damage by own Vehicle, Errors & Omissions, Inadvertent Omission, Fire Extinguishing / Fighting Expenses, Sue And Labour Clause, Claim Preparation Costs, Clean Up and Other Cost, Expediting Costs, Salvage Disposal, Unpacking Expense Clause, Expenses for Loss Minimization, Protection and Preservation of Property, Designated Surveyor's clause, 72 (Seventy-Two) Hours Clause, Payments on Account, Smoke Damage Extension, Accidental Damage Cover, Deliberate Damage, Property in transit within Insured's premises, Vehicle Load Clause, Inhibition Costs/Damage by Emergency Services, Additional Carrying or Lifting Equipment hiring charges, Decontamination and Cost of Clean Up Expense, Dewatering expenses, Removal of Debris (in excess of 1% of the claim amount), Loss Payee Clause, Breach of Conditions.

No. Particulars Premium Rate to be entered by the bidder in Rs. (PER THOUSAND)

Sum Insured - Rs.9790/- Crore Rates in Case of Earthquake Zone -III Rates in Case of Earthquake Zone -IV

1 Basic Rate (Including STFI & RSMD)

4 Spontaneous Combustion

Optional Add-On Covers

6 Waiver of Under Insurance

7 Rain water damage

Sub Total (1 to 7)

8 Less Special Discount on Sub Total

Total Amt. (Sub total - Disc. Amt.)

9 Add GST on Total Amt.

Grand Total (Total Amt. +GST)

Policy 1B Policy for Stocks of Food Grains, Sugar, Salt, Oil Seeds, Coarse Grains, Pulses, Cotton Bales, Fertilisers, Tendu Patta and such other notified commodities etc. and Jute / PP / Bardana / Gunny Bag etc. stored at various locations in open cap - owned & hired by MPWLC Risk Coverage :- Risk Coverage:- Standard Fire and special perils policy on floater declaration basis on stocks. Add-on-covers spontaneous combustion and earthquake, Rain water damages, Appraisement Clause, Automatic Reinstatement, Goods Held in Trust Clause, Broad Water Damage, Impact Damage by own Vehicle, Errors & Omissions, Inadvertent Omission, Fire Extinguishing / Fighting Expenses, Sue And Labour Clause, Claim Preparation Costs, Clean Up and Other Cost, Expediting Costs, Salvage Disposal, Unpacking Expense Clause, Expenses for Loss Minimization, Protection and Preservation of Property, Designated Surveyor's clause, 72 (Seventy-Two) Hours Clause, Payments on Account, Smoke Damage Extension, Accidental Damage Cover, Deliberate Damage, Property in transit within Insured's premises, Vehicle Load Clause, Inhibition Costs/Damage by Emergency Services, Additional Carrying or Lifting Equipment hiring charges, Decontamination and Cost of Clean Up Expense, Dewatering expenses, Removal of Debris (in excess of 1% of the claim amount), Loss Payee Clause, Breach of Conditions.

No. Particulars Premium Rate to be entered by the bidder in Rs. (PER THOUSAND)

Sum Insured - Rs.1525/- Crore Rates in Case of Earthquake Zone -III Rates in Case of Earthquake Zone -IV

1 Basic Rate (Including STFI & RSMD)

4 Spontaneous combustion

Optional Add-On Covers

6 Waiver of Under Insurance

7 Rain water damage

Sub Total (1 to 7)

8 Less Special Discount on Sub Total

Total Amt. (Sub total - Disc. Amt.)

9 Add GST on Total Amt.

Grand Total (Total Amt. +GST)

Policy 2 Particulars Sum Insured - Rs.11314/- Crore Premium Rate to be entered by the bidder in Rs. (PER THOUSAND)

Burglary policy: for stock stored at various own/hired godowns, open cap by MPWLC (including theft and larceny) Risk Coverage : - On First loss basis of total stock stored covering all the locations. (Rs.1,131 crore being 10% of Rs.11,314 crore)

Policy 3 Fidelity Insurance Policy for all employees of MPWLC who are working in MPWLC corporation in regular pay / consolidated pay /contingency basis/outsource employee/ contractual workers/ work charged basis etc. Risk Coverage : - Fidelity insurance for the employees / Contracotrs/ Sub Contractors and / or Vendors etc. within themselves or in collusion with third parties including cover for stocks. Total claim to be payable irrespective of involvement of third parties. Number of Persons: 1000 Total Sum Insured (Rs. in Crore) Rs. 20.00 Crore