CommercialPedia Indian Railways commercial circulars and policies

Reduction in security deposit in leasing in parcel cargo express trains

Circularparcel

Third-party archive sourceThis copy is useful for discovery but is not labelled as an official Railway publication.Text extraction: ocr (scanned)

Open the third-party archive copy

Circular number	FM Circular No. 04/2016
File number	No. 2020/TC(FM)/10/17
Type	VCRC archived Railway commercial circular / manual
Topic	parcel
Directorate	Traffic Commercial (Freight Marketing)
Archive source	vcrc.in

Summary

Amendment to ‘Policy for Leasing of Parcel Cargo Express Train’- reduction ‘in Security Deposit - reg The Principal Chief Commercial Managers, All Indian Railways.

Text of the circular

FREIGHT MARKETING CIRCULAR NO. 240F 2020 भारत सरकार GOVERNMENT OF INDIA रेल मंत्रालय MINISTRY OF RAILWAYS (रेलवे बोर्ड RAILWAY BOARD )

No. 2020/TC(FM)/10/17 New Delhi, Dated tia 11.2020

The General Managers, All Zonal Railways.

(Amendment No. 10 to ‘Leasing of Parcel Cargo Express Train Policy’)

Sub: Amendment to ‘Policy for Leasing of Parcel Cargo Express Train’- reduction ‘in Security Deposit - reg.

Ref: (i) FM Circular No. 02/2007, Board’s letter No. 2007/TC(FM)/10/3, dt. 20.02.07.

(ii) FM Circular No. 04/2016, Board’s letter No. 2013/TC(FM)/10/11 dt. 15.06.16.

(iii) FM Circular No. 16/2017, Board’s letter No. 2013/TC(FM)/10/11, dt. 18.12.17.

KKK

1. Attention is invited to Board’s above referred circulars. The Security Deposit/Performance Guarantee for Parcel Cargo Express Train (PCET) contracts, as defined in Para 8.0 of the PCET Policy (FM Circular No. 02/2007), was amended vide Para 2.5 of the Policy (FM Circular No. 04/2016), and Para 2 of FM Circular No 16/2017.

2. The matter has been deliberated upon, and with a view to liberalize the Policy, it has been decided to amend Para 8.0 of FM Circular No. 02 of 2007 as under:

8.0 ‘Security Deposit/Performance Guarantee’ -

The successful bidder shall be required to submit “Security Deposit within 30 (Thirty) days from issuance of ‘Letter of Acceptance’ in the form of FDR or Demand Draft or Bank Guarantee (endorsed in favour of Sr. DFM/PFA) equivalent to 05% of annual contract value calculated on basis of accepted Lump sum _ leased freight/accepted rate at which train is leased out for composition of 20 Parcel Vans + 1 Brake Van (2 SLR compartments of 4 tonne each), irrespective of number of Parcel Vans attached to the train. The Security Deposit shall be in the standard format in line with all instructions for maintenance, renewal and encashment issued by Accounts Department from time to time. It should be updated, checked and vetted by Accounts and Commercial Departments without fail.

3. This amendment shall not apply on the cases where tender has already been opened or contract has been finalized.

(१1 De Bie

7.12020 — Page 1 of 3 Hapa

FREIGHT MARKETING CIRCULAR NO. 240F 2020

4. This amendment shall be applicable from the date of its issue. This amendment shall be applicable on fresh tenders where Notice Inviting Tender (NIT) is yet to be issued. In cases, where NIT has already been issued but tender has not been opened, Zonal railways may be advised to issue necessary corrigendum bringing out above corrections.

5. This issues with the concurrence of Finance Directorate of Ministry of Railways Q

6. Please acknowledge receipt of this letter. a, GA A (

M\ (Mudit Chandra) Director Freight Marketing

No. 2020/TC(FM)/10/17 New Delhi, Dated |+ .11.2020

Copy forwarded to:

1. The Deputy Comptroller & Auditor General of India (Railways) Room No. 224, Rail Bhawan with 36 spares.

2. Principal Financial Advisors, All Indian Railways.

AY.

49, 2020

for Member (Finance) /Railways

No. 2020/TC(FM)/10/17 New Delhi, Dated |’ 11.2020

Copy forwarded for information and necessary action to:

The Principal Chief Operations Managers, All Indian Railways.

The Principal Chief Commercial Managers, All Indian Railways.

The Chief Passenger Transportation Managers, All Indian Railways.

The Chief Commercial Managers (FM), All Indian Railways.

Director General, RDSO, Manak Nagar, Lucknow

Director, Indian Railways Institute of Transport Management (IRITM), Manak Nagar

Lucknow

Director General, National Academy of Indian Railways, Vadodara

8. Managing Director/ Chief Commercial Manager, Konkan Railway Corporation Belapur Bhawan, Plot No. 6, Sector-11, CBD Belapur, Navi Mumbai-400014

9. Managing Director, Centre for Railway Information System (CRIS), Chanakyapuri, Near

National Rail Museum, New Delhi.

10. Managing Director, DFCCIL, Pragati Maidan, New Delhi. ZB CO

(Mudit Chandra) Director Freight Marketing

oi छा कर (० ea हु

नि

FREIGHT MARKETING CIRCULAR NO24 OF 2020

Extract shown above; the full text is available in the search app.

More on this subject

All parcel traffic circulars · Open this circular in the search app · Search all 6,739 documents