DPX 1
{Paragraph B.7(i) of PEM }
Application to be submitting by
exporters after award of
Contract for export on deferred
payment/turnkey basis
DPX-PEM-PROJECTAPPROVAL
this documents is required project base company
whose company means any company whose export like boiler and sugar plant
manufacture part and whole type of related goods in boiler and sugar plant .
PROJECT approval is required after supply of 1 year means if exporter supply
all product in one so that no project approval required but exporter is not
supplied in one year so exporter apply to your bank to take project from
RBI. This is a example format if you have details and you are in fix for
instruction column please fill accordingly
A. Instructions:
The letter/ application should be
completed in AS PER BANK REQUIREMENT copies and submitted to an authorised dealer along with AS PER BANK REQUIREMENT copies of the
contract, within AS PER BANK REQUIREMENT days of dealing into contract with the overseas customer.
Banker’s comments on the exporter may
also be submitted as in Form DPX 2.
B. Documentation / paper requirement and fill the application form:
3. Certified copies of the
documents, listed in item XII of the application form.
I.
Exporter/SUPPLIER
Name & Address
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II.
Overseas/ CUSTOMER Buyer
a) Name and Address
b) establishment (Indicating
whether a private or Government undertaking
c) Details of any Indian
participation in the capital structure of the CUSTOMER or association with
CUSTOMER in any other manner.
d) Main lines of activity
e) Whether the project is being
financed by World Bank/ADB, etc.
f) short particulars of the in
general project to which the present application relates
g) SUPPLIER past experience with
the CUSTOMER , if any.
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1.
b) Private Enterprise
c) None.
d) Silver Mills.
e) No.
f) CUSTOMER NAME is a Silver Mills unit in
COUNTRY NAME. They need steam and power to their existing coconut water
making plant. Hence they are putting a 4MW Cogen Power Plant and they have
placed an order to Isgec for DESCRITION OF GOODS .
g) Example this is a New CUSTOMER
. / other relation means we already work with last 2 year
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III.
Prime Contractor
(If other than overseas customer)
Name & address
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N/A
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IV.
Export Contract
a) Date of signing
b) Effective date
c) Completion / maintenance
time
(if any)
d)
Total Amount
I. In foreign exchange
II. the same Indian rupees
III. Exchange rate
e)
Break-up of contract value
f)
Goods to be exported from India
(i) Description
(ii) Value (specify whether the
value is as per incoterms or on other terms giving the actual or estimated
F.O.B value where the price is on non-F.O.B. terms. If the price is
fixed in a foreign currency, state the price in terms of foreign currency,
and its rupee equivalent.)
(iii) Payment terms
1)
Advance payment
2) Down payment
3) Deferred payment
4) Retention money
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a)
b) as per contract and exporter and
customer
c) Completion is to be done in .......... months
from the Effective Date including Erection.
I. US Dollar value
II. Value in Indian rupees
III. 1 US Dollar = Rs.exchange rate
e) No break up is envisaged in the Contract
(in Million USD)
(i) .........................................
ii)
Rs................ Lacs (@ Rs. Exchange rate) ............... port of
discharge (Inco term 2010).
Estimated FOB India Rs. ............ Lacs
All
Payments shall be made out of an irrevocable Letter of Credit to be opened in
favour of the CONTRACTOR by the EMPLOYER through a First Class International
Bank as per the mutually accepted text and to be confirmed,
Supply as per incoterms country Port:
· as per
contract % of the contract price for supply to be paid as an interest
free advance payment against submission of bank guarantee by Contractor as
given in Employer Requirements. The bank guarantee shall be valid for a
period of 1 month from the last shipment of Plant.
· 10% of the
contract supply price to be paid on
a. Approval of major
drawings i.e. Plot plan, Boiler GA, Turbine building layout and P&IDs for
Boiler & Turbine
b. Schedule for
complete civil drawings including offsite fuel yard including details of
construction scheduling to match with Erection as per the Appendix to the
Contract titled “List of Documents for Approval or Review”.
· as per
contract % of the contract price for supply to be paid on submission of
un-priced purchase order for Turbo generator Set, Boiler drum plate , Boiler
fans, feed water pump & Cooling Tower.
· as per contract % of the contract price for
supply to be paid on submission of information of complete list of equipment
and supplies before the first shipment.
· as per
contract % of the contract supply price to be paid against submission of
shipping documents, commercial invoice, packing list and original/copy of Bill
of Lading to be supplied by the Contractor. However Contractor will provide Employer
with performance bank guarantee of 10% of the Total Contract Price
(as defined in GC Clause1), once the Contractor have completed 90% of the total invoice
value. The performance bank guarantee will be as given in Employer’s
Requirements. The 10% covers both the Liquidated Damages
as well as to cover defect liability potential claims. To
the extent this 10% is utilized for Total Contract price for liquidated
damages for performance and delays, Contractor will replenish it to
cover defect liability potential claims.
Nil
Nil
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(iv)
what time is advance payment received ?
(v)
Down payments – how and when receivable?
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iv) USD................ Million has been received
on...........................
v) Down payments for supply shall be as under:
As mentioned above.
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(vi)
Deferred receivables
(1) Moratorium/grace period, if
any, on principal amount (please also indicate the date from which the period
will start).
(2) Period of deferred payments
inclusive of moratorium
(3) Number and amount of
instalments (principal and interest separately)
(4) Whether the instalments will be
linked to the date of contract / individual shipment / date of mean shipment
/ date of commissioning / any other date.
(5) Security for deferred
receivables
(6) Rate of interest on deferred
receivables.
(7) Moratorium, if any, on interest
payments.
(8) Will bills / pronotes be drawn/
made in respect of deferred receivables and interest thereon? When will they
be available to the exporter?
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(vi)
NIL
(1) Not Applicable
(2) Not Applicable
(3) Not Applicable
(4) Not Applicable
(5) Not Applicable
(6) Not Applicable
(7) Not Applicable
(8) Not Applicable
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(vii)(a) Currency/ies of payment
(b) Is there an exchange variation
clause? If not, will the exchange risk be covered under ECGC Scheme?
(Cost of forward cover, if
any, should be built into the tender/offer)
(viii) Please indicate whether payments
will be received under bilateral or other special arrangements.
(ix)
Time schedule for shipments
(1) Last date of shipment, as per
contract
(2) Probable dates of commencement
and completion shipments
(3 ) Penalty provisions, if any
(g)
Services
1. Description (Nature of services
being rendered, whether turnkey or supervision of erection/ commissioning )
2. Value
3. Payment terms
a) Advance Payment
b) Progress Payments
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(vii)
(a) US Dollar
(b) No exchange variation clause. We do not
propose to cover exchange risk under ECGC Scheme. However, we propose
to take Forward covers with Banks to hedge foreign exchange risk.
(viii)
Not applicable
(1)
..............................
(2)
Commencement – ..................
Completion - ..............................
(3)
i) The Liquidated damages for delay
in completion- 0.5% of total contract contract price for each week of delay
beyond the schedule date of time for completion, subjected to maximum of 7.5
% of total contract price).
ii) The
Liquidated damages for non- Performance
a) Net Power Output- 1% of total contract
price for every complete 1% of the deficiency in the production capacities or
at a proportionately reduced rate for any deficiency or part thereof of less
than a complete one percent to a maximum of 5% of the total contract price.
b) Heat rate- 1% of total contract price
for every complete one percent (1%) of the excess heat rate or part thereof
of less than a complete one percent to a maximum of 5% of the total contract
price.
c) However maximum LD shall not
exceed 7.5% of the total contract price on account of non-performance.
Maximum
LD on account of no-performance and delay in completion shall be 10% of the
total contract price.
1. Supply, Supervision of E&C
and Civil work.
2. Included in the contract Price.
3.
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c) Deferred
Payments/ Retention Money
4. Number and amount of
instalments
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4. N.A.
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5. relating to deferred
receivables
6. Security
7. (a) Currency/ies of
payment
(b) Is
there an exchange variation clause? If not, will the exchange risk be
covered under ECGC Scheme in respect of deferred receivables, where
allowed?
(Cost
of forward cover, if any, should be built into the tender/offer)
7. Rate
of interest on deferred receivables
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5. N.A.
6. N.A.
7. Not
Applicable
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(h) Third country imports
(a) Reasons for third country
imports
(b) Nature of imports, estimated
cost, names of suppliers and country of supply
(c) Have firm quotations been
obtained? If so, how long are they valid?
(d) Terms of payment, Are L/Cs
required to be opened in favour of suppliers?
(e) Will any warranty/Bank
guarantee be forthcoming from supplier/s. If so, particulars such as
percentage, amount, validity, etc. should be furnished.
(f) Standing and reputation of
supplier/s and how ascertained.
(g) Remittance of foreign exchange
on repatriation basis
(a) From India
(b) From other projects
(h) Terms of payment for third
country imports vi-a-vis the overseas buyer. Would any L/Cs be opened
by the overseas buyer?
(i) Details of financing
arrangements, if any, required abroad by the exporter.
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(h)
Details as under:
(a) NA
(b) NA
(c) NA
(d) NA
(e) NA
(f) NA
(g) Nil
(h) Not applicable
(i) No
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V.
Status of exporter
State
whether Prime Exporter/ Consortium Member
(a) If a Prime Exporter
(1) Name/s & Address/es of
major sub-supplier/s
(2) Nature of goods/services
relating to each sub-supplier and value thereof
(3) Payment and other back-to-back
arrangements with sub-supplier/s
(4) Past experience of major
sub-supplier/s
(5) Details of banking arrangements
made by sub-suppliers for the offer
(Note:
If prime exporter is a sub-supplier to a foreign principal other than the
overseas buyer, Annexure II may be completed).
(b) If a member of a
consortium/joint bid
(1) Name/s & Address/es of the
LEADER/ OTHER MEMBERS
(2) Nature of goods/services
relating to leader/each consortium member, and value thereof
(3) Payment and other back-to-back
arrangements with leader/other consortium members
(4) Past experience of
leader/consortium members
(5) Details of banking arrangements
made by leader/consortium members for the offer
(Note:
If the offer is jointly with a foreign party, information as in Annexure II
may be given).
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V) PRIME EXPORTER
(a)
(1) & (2)
Procurement will be from our regular sub supplies with whom we have good
experience.
(3) Advance payment/Balance payment against
despatch.
(4)
Good
(5) Not Applicable
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(1)
(2)
(3) NOT
APPLICABLE
(4)
(5)
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VI.
Foreign Exchange outgo
(a)(i)
CIF cost of raw materials and components proposed to be imported into India for
the execution of the order or value of import replenishment
entitlements whichever is higher
Note: If the item of export is not manufactured
by the exporter then this information should be collected and furnished
here by the exporter.
(ii) Freight
payable
(iii)
Third country
imports
(iv)
Agency commission / fees
(v) Consultancy
(vi) Erection &
Commissioning
(b) Nature of raw materials and
components to be imported into India
(c) Name & Address of Overseas
Agent –
(d) Interest on overseas
borrowings/ other charges
(e) Remittances of Royalty payment,
if any, and Exchange Control approval therefore.
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ii)
INR ....................... Lacs (Sea Freight)
iii)
Nil
iv) Nil
v)
Nil
vi)
Only Supervision in our scope. (INR. ..............Lacs )
(b) NA
(C) NA
(d)
Not applicable
(e)
Not applicable
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VII.
Whether machinery equipments etc.
are
required for execution of the contract, If so, whether
these are to be procured on hire / lease basis or are to be purchased abroad
or are to be exported from India on re-import basis, or are to be transferred
from other project abroad. Please furnish particulars thereof with
value.
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Not
Applicable
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VIII.
Cost & Profitability
Estimated profit – amount and %
(Annexure III to be completed )
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As per Annexure III
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IX.
ECGC cover
Nature
of the ECGC insurance proposed to be obtained. (State whether ECGC quotations
have been obtained. If so, furnish rates quoted and certified copies of the
relevant correspondence with the Corporation).
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We do
not propose to take ECGC cover as we do not foresee any commercial risks in
the Contract.
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X.
Arrangement for Bank Finance
a) Name/s of the exporter/s
banker/s
b) Arrangements made or proposed
to be made for obtaining finance during the pre and post shipment stages and
guarantee facilities for executing the export order.
Credit
and other facilities
(a) Guarantees and letters of
credit
I. Advance Payment Guarantee
II. Performance Guarantee
III. Retention Money Guarantee
IV. Guarantee for borrowings
abroad/or
V. remittances on repatriation
basis
VI. Any other guarantee
VII. Letters of Credit to be opened
A. From India
B. Outside India
(b)
Credit facilities
I. Pre-shipment credit
II. Credit against deferred
receivables
III. Credit against export
incentives
IV. Other credit facilities
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a) ...........................
b) Project is Self Financing.
However Bank Guarantees totalling to
US $ ...................... Million are required.
(a)
Amount
Period
(Foreign
for
Currency
which
and
Rupees
required
equivalent)
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VII
A.
NIL
B.
NIL
(b)
I)
May be taken
II)
NIL
III
& IV) Project is Self financing. However, whatever funds are required,
they will be met from existing credit facilities.
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(C)
Other facilities
I. Whether site office/s / liaison
office are required, and location thereof
II. Whether foreign currency bank
accounts are required ? If more than one account is required, places where
these are required and reasons therefor.
III. Whether foreign exchange for
meeting initial / mobilisation expenses are to be remitted from India. If
so, please indicate the amount and reasons therefor.
The
following details should be furnished.
I. Name/s of the banker/s from
whom financial facilities for export are sought
II. Nature of facility
III. Amount
IV. Security (Details should be
furnished for each type of facility).
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I. Yes at site. However same shall
be provided by customer considering civil works in their scope.
II. Yes for remittances of
allowance etc. to our Technicians in Country name .
III. Yes. Remittances are also
required to be made from time to time to meet local expenses like site
allowance, local travel etc. of our /sub-suppliers staff.
I. ................................
II. Bank Guarantees, Fund based limits
etc.
III. BG’s : US$ US $
................ Million.
IV. Security in form of BG only.
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XI.
Provisions in respect of the following:
(i) Penalty / Liquidated damages
(ii) Price escalation
(iii) Pre-shipment inspection
(iv) Force majeure
(v) Arbitration
(vi) Law governing the contract
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(i)
Yes.
(ii)
Nil
(iii)Yes
(iv)Yes
(v)Yes
(vi)
English Law.
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XII.
Documents to be attached with the
Application(Attach certified true copies)
a) Balance sheets and profit and
loss accounts of the exporter for the last 3 years
b) Export contract with
amendments, if any ( 6 copies)
c) Letter of credit or Letter of
guarantee received by the exporter.
d) Agreements with
sub-suppliers/other members of consortium
Note :
If the exporter is a sub-supplier or a member of a consortium/joint bidder
copies of recent Annual Reports and write up on activities of the leader and
other members of the consortium/joint bidders and information as per Annexure
II should also be furnished.
e) Letter, if any, from the
exporter’s banker communicating the terms of sanction, of guarantee and/or
credit facilities for the contract.
f) The following further
statements are to be attached.
(i) Statement of cost and
profitability of the export transaction on the lines indicated in Annexure
-III.
(ii) Statement of probable period of
utilisation of the post-shipment credit as per Enclosure.
(iii) Cash flow statements in the
case of turnkey projects
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a) Attached
b) Attached
c) Attached
d) Purchase orders are yet to be
placed.
e) Not
Applicable
f)
See
Annexure -III
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Any
other relevant information
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We apply for grant of approval for exports on deferred payment
terms/turnkey basis as per details furnished above.
We hereby certify that the particulars given above are true to the best
of our knowledge and belief.
.........…………………. ……….
(Signature of Authorised Official)
Place: ..................
Name:
.........................
Date:
..................
Designation: ...................
...................
Note: Where
applicable, amounts are to be stated in foreign currencies and also their
Indian rupee equivalent.
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