IOCL Vendor Registration : Indian Oil

Organization : : IndianOil/Indian Oil
Service Name : Vendor Registration

Website : https://www.iocl.com/Talktous/VendorRegistration.aspx

IOCL Vendor Registration

Import / Export:
IndianOil not only imports crude oil, LPG and LNG, but also imports and exports other petroleum products through tendering procedure from suppliers / parties registered on its approved mailing list(s).

Related / Similar Facility : IOCL Chhotu 5 Kg Gas Cylinder

To register on IndianOil’s approved mailing list(s) as a direct supplier or buyer for import or export of crude oil, LPG, LNG and petroleum products, please use the links given below for respective categories

Ship Chartering:
** Ministry of Petroleum & Natural Gas has permitted IndianOil to charter ships for its own oil import. The procedures to be followed by IndianOil in this regard have been developed in accordance with the relevant guidelines prescribed by DG (Shipping), Ministry of Shipping.
** To know more about the procedure on ship chartering, please visit the ‘Chartering Procedure’ on this page. The registration form for brokers empanelment for ship chartering is also available for visitors.

Chartering Procedure:
Enquiry (Market Entry):
1. Enquiry shall be sent simultaneously to all the empanelled brokers and Indian Ship-owners through e-mail/fax. Copies of the enquiry shall also be sent to DG (Shipping) and Indian National Ship owner’s Association (INSA) through email / fax.
2. Owners / Brokers will be advised to keep offers valid till a specified time/date indicated in the enquiry.

Receipt of Offers:
1. Receipt of offers shall be through either of the following modes:
Dedicated email box with password protection. Separate mailboxes shall be provided for receipt of offers against each enquiry.
A dedicated fax in a locked room would also be available as an alternate mode.

2. The offers will be printed / collated after the email box is opened at the designated time for receipt of offers specified in the enquiry or at the expiry of the extended time as provided in sub-clause (e) of this clause, as the case may be.
3. Unsolicited / Mid way offers will not be considered.
4. As a standard procedure, bidders will be required to submit hard copy of the offer and other related communications for records.
5. The time for submission of offers may be suitably extended, if required.

Evaluation of Offers:
The offers will be ranked on the basis of freight. Demurrage rate and other terms & conditions will also be negotiated.

Negotiations/Counters

The process of negotiation will be as given below:

1. No Indian Ship-Owner has quoted:
** Negotiation will be held with all the technically acceptable bidders indicating their respective ranking. Whereas a ‘firm’ counter will be given to L1 bidder, the counter to other bidders will be ‘open’ (i.e. Open1, Open2 etc.).
** During negotiations, the original rankings of the bidders can change depending upon their response to the counter (s). In case, agreement is not reached, IndianOil would explore other alternatives.

2. Indian ship-owner (s) has also quoted:
In case offers (s) are received from Indian ship-owner (s) also, the Indian ship- owner(s) will have the ‘first right of refusal’.

3. Indian ship-owner is L1:
In case, counter is to be given, the same shall be offered ‘firm’ to the technically acceptable L1 Indian ship-owner (and ‘open’ to other technically acceptable Indian ship-owners, in case there are other Indian ship owners in addition to the L1 Indian Ship owner, irrespective of their ranking) alongwith ‘open’ to all technically acceptable foreign ship-owners.

The respective rankings of all the bidders shall be disclosed. In case, negotiations are successful with the foreign ship-owner, Indian ship-owner(s) will be asked to match the rate failing which the ship will be fixed with the foreign ship-owner.

FAQ On IOCL Vendor Registration

Here are some frequently asked questions (FAQ) about IOCL Vendor Registration:

What is IOCL Vendor Registration?
IOCL Vendor Registration is a process by which Indian Oil Corporation Limited (IOCL) pre-qualifies vendors for the supply of goods and services. This process is designed to ensure that IOCL only deals with reliable and qualified vendors.

Who can register as an IOCL vendor?
Any company or individual who is capable of supplying goods or services to IOCL can register as a vendor. However, there are some eligibility requirements that must be met. For example, the company or individual must have a valid business registration and must be able to meet IOCL’s quality and delivery standards.

How do I register as an IOCL vendor?
To register as an IOCL vendor, you must complete the online registration form. The form can be found on the IOCL website. Once you have submitted the form, IOCL will review your application and will notify you if you have been pre-qualified.