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Welcome to the EOI Meet on Bare Boat cum Demise Charter for ONGC Owned MSVs

MSV Samudra Sevak. DSV Samudra Prabha. Salient Features. Salient Features. Salient Features. Salient Features. Bare boat cum Demise Concept. Vessels to be handed on bare boat charter basis with hiring back for a period of 10 years.Contractor will be deponent owner during 10 year charter period.Ownership will be transferred after 10 years.No obligation after 10 years..

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Welcome to the EOI Meet on Bare Boat cum Demise Charter for ONGC Owned MSVs

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    2. MSV Samudra Sevak

    8. Bare boat cum Demise Concept Vessels to be handed on bare boat charter basis with hiring back for a period of 10 years. Contractor will be deponent owner during 10 year charter period. Ownership will be transferred after 10 years. No obligation after 10 years.

    9. Bare boat cum Demise Payment Options

    10. Upfront Payment Contractor to provide: Bank Guarantee towards % of Vessel Cost as specified by ONGC for 2-years at a time. To be replaced with new reduced value guarantee as specified by ONGC after every 1-1/2 year. Upfront payment towards % of vessel cost as specified by ONGC.

    11. Bareboat Rate Payable through out by Contractor to ONGC Fixed Cost to be specified by ONGC/ To be quoted by the bidder. Monthly / Quarterly/ Annual Advance Payment. Rate fixed for 10 years/ Diminishing Rate. Option will be finalized by ONGC post EOI.

    12. Charter Rate Payable by ONGC to Contractor as per Contract terms. To be quoted by the bidder. Monthly Payment against invoice with operational statements as per Contract terms. Rate fixed for 10 years/ Escalation formula

    13. Charter Rate - Terms Terms (in line with ONGC Charter tenders) Deployment Rights exclusively to ONGC. Limits of compensable downtime at ONGC cost (Dry dock & Infield Operational) Performance Linked deductions like crew shortage, equipment failure, system failure, norm time compliance for various jobs, etc. Supplies at ONGC cost not to be covered in day rate. Other facilities by ONGC like helicopter, OSV assistance. Weather Downtime

    14. Charter Rate - Terms Terms (in line with ONGC Charter tenders) Marine & Diving Crew: Strength Qualification Experience Crew rotation schedule Additions/ Deletions as per job requirement Callout Persons Equipments other than vessel systems: Specifications Additions/ Deletions as per job requirement Callout Equipment

    15. Terminal Payment Notional payment will be specified by ONGC before transferring ownership after 10-years..

    16. Bidder Selection Marine Company already owning similar vessels. Experienced O&M Contractors managing similar vessels. Investors with experienced O&M collaborator. Evaluation Criteria based on the category. Technical Financial Diving Services arrangement. Option will be finalized by ONGC post EOI.

    17. Handing Over Formalities Initial Handover Joint survey along with TPI involvement. As is where is basis transfer Terms for initial defects ,COC , PMS overdue, if any. Inventory accounting Documentation for deponent ownership defining transfer of rights – statutory compliance, classification compliance, insurance, etc. Crew Mobililization Vessel Upgradation – ROV, Diving System, Crane, Drydock status

    18. Operations Total responsibility of the Contractor. Terms as per Charter Contract. Contractor’s right to upgrade the vessel. Contractor’s obligations in case of deterioration. Contractor’s failure to perform. Unforeseen events Standard Contract Terms such as Force Majeure, Indemnity, Arbitration, Secrecy, Insurance,

    19. Ownership Transfer Terminal Payment by Contractor. Documentation Termination of Obligation : of ONGC to take vessel on charter of Contractor to give vessel on Charter All rights & liabilities to transfer to Contractor.

    20. Evaluation Methodology Bidder to quote charter rate – Lowest rate will be eligible bidder. Bareboat rate will be % of the quoted charter rate/as specified by ONGC. Option will be finalized by ONGC post EOI.

    21. Suggestions from Bidders Bidders presentation to cover: Company profile & organizational set up Viability of concept for captioned vessels. Methodology of handing over including status verification and defect liability, Charter terms & conditions covering bareboat charter, Charter terms & conditions covering time Charter

    22. Suggestions from Bidders Bidders presentation to cover: Performance linked adjustments in charter rate, downtime maintenance provisions. Upfront/ terminal payment to ONGC, Method of ownership transfer, Liabilities of the parties during charter period covering unforeseen events like loss of vessel, non performance by contractor, etc Bidding & Evaluation methodology ( NPV/ total outgo from ONGC, etc) Criteria for selection of Potential bidders. Other points-Crew strength, up gradation etc.

    23. EOI Participants Suggestions

    24. EOI Participants details

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