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Amendment to Policy for ‘Leasing of Parcel Cargo Express Train’ - Inclusion of Bank Guarantee as mode of security deposit

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Amendment to Policy for ‘Leasing of Parcel Cargo Express Train’ - Inclusion of Bank Guarantee as mode of security deposit The Principal Chief Commercial Manager, All Indian Railways.

Text of the circular

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Freight Marketing Circular No. 16 Of 2017

भारत सरकार GOVERNMENT OF INDIA रेल मंत्रालय MINISTRY OF RAILWAYS ( रेलवे बोर्ड RAILWAY BOARD )

No. 2013/TC(FM)/10/11 New Delhi, Dated 18.12.2017

The General Managers,

1. Central Railway, Mumbai 09. North Western Railway, Jaipur

2. Eastern Railway, Kolkata 10. Southern Railway, Chennai

3. East Central Railway, Hajipur 11. South Central Railway, Secunderabad

4. East Coast Railway, Bhubaneswar 12. South Eastern Railway, Kolkata

5. Northern Railway, New Delhi 13. South East Central Railway, Bilaspur

6. North Central Railway, Allahabad 14. South Western Railway, Hubli

7. North Eastern Railway, Gorakhpur 15. Western Railway, Mumbai

8. Northeast Frontier Railway, Maligaon 16. West Central Railway, Jabalpur

(Amendment No. 5 to Leasing of Parcel Cargo Express Train (PCET) Policy)

Sub: Amendment to Policy for ‘Leasing of Parcel Cargo Express Train’ - Inclusion of Bank Guarantee as mode of security deposit.

Ref : (i) Freight Marketing Circular No. 02 of 2007 under Board’s letter No.

2007/TC(FM)/10/3 dated 20.02.2007; and

(ii) Freight Marketing Circular No. 04 of 2016 Lt. No. 2013/TC(FM)/10/11 dated 15.06.2016.

1. Attention is invited to Board’s above referred circulars. The ‘security deposit/performance guarantee’ as specified for different type of parcel Cargo Express Train Contracts in Para 8.0 of PCET under FM Circular No. 02 of 2007, was further modified/amended vide FM Circular No. 04 of 2016.

2. This issue has been reviewed in Board and it has been decided to amend Para 2.5 of Freight

Marketing Circular No. 4 of 2016 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 10% 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. These instructions shall come into force with immediate effect and will be applicable for

fresh tenders where Notice Inviting Tender (NIT) is yet to be issued. In cases, where NIT

Freight Marketing Circular No. 16 Of 2017

has been issued then corrigendum may be issued bringing out above corrections. These instructions however, shall not be applicable to the cases where tender has since been opened or contract finalized.

4. This issues with the concurrence of Finance Directorate of Ministry of Railway.

Director Freight Marketing

5. Please acknowledge receipt.

Copy forwarded for information to :

1. DAI (Railways) with 36 spares.

2. Principal Financial Advisor, All Indian Railways

3. The Deputy Comptroller & Auditor General of India (Railways), Room No. 224, Rail Bhawan For Financial Co ail Bh ciiways No. 2013/TC(FM)/10/11. New Delhi, Dated 18.12.2017

1. The Principal Chief Commercial Manager, All Indian Railways.

2. The Principal Chief Operations Manager, All Indian Railways.

3. The Chief Passenger Traffic Manager, All Indian Railways.

4. The Chief Commercial Manager (FM), All Indian Railways.

5. CAO/PTS, Northern Railways, IRCA Building, New Delhi.

6. The Managing Director / Chief Commercial Manager, Konkan Railway Corporation Ltd.,

Belapur Bhawan, Plot no. 6, Sector-11, CBD Belapur, Navi Mumbai — 400014.

7. The Managing Director, Centre For Railway Information System (CRIS), Chanakyapuri, Near National Rail Museum, New Delhi.

8. Director General, National Academy for Indian Railways, Lalbaug, Vadodara - 39000

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