Supply of Gas Distribution Network for QC Lab

IOCL9010, Bidders to ensure that BG issuing bank will send SFMS in IFN 760COV (for any new Bank Guarantee and IFN 767, COV (for any amendment in bank guarantee) through the SFMS Platform as per the mandatory fields given, below:1. 7034 - Name of Beneficiary and his details -INDIAN OIL CORPORATION LIMITED 2. 7035- Beneficiary IFSC, - ICIC0000007 3. 7036 -Beneficiary branch name and address -, ICICI Bank, 9A, Phelps Building, Connaught Place,, New Delhi-110001 4. 7037 - Sender to Receiver Information - IOCL9010 (Indian Oil Corporation Limited)” NOTE: 1., Bank Guarantee is an agreement between Bank and Beneficiary (IOCL) and the same is issued directly by the, bank in favor of beneficiary. Accordingly, the stamp paper of appropriate value is required to be purchased in the, name of the bank issuing the guarantee. 2. In the stamp paper, First party to the Bank Guarantee should be the, bank issuing the guarantee and the Second Party should be the beneficiary i.e. IOCL. 3. In case the Stamp paper, has been purchased in the name of any third party than such instruments shall be treated as an instrument not, duly stamped and shall be inadmissible in legal proceedings., (Indian Oil Corporation Limited)