CHARTERING ENQUIRY NO. : SHIPPING/PRODUCT/VOY/99/2011 DT: 12 DEC 2011

HPCL INVITES OFFERS AGAINST THE FOLLOWING ENQUIRY AS PER THE TERMS AND CONDITIONS STATED BELOW:

CARGO/QTY: BULK BITUMEN2 GRADES WVNS3.0 – 4.0 TMT (VG30 & VG 10)(UPTO FULL CAPACITY OF THE VESSEL CHOPTION)SUBJECT TO FRESH WATER DRAFT AT DISPORT.

LOADPORT: 1 SB/SPEAST COAST OF INDIA INTENTION VISAKHAPATNAM

LAYCAN: 25 – 30 DEC 2011(TO BE NARROWED DOWN TO 2 DYAS CHOPTION AFTER LIFTING SUBS)

DISPORT: 1 SB/SP EAST COAST OF INDIA INTENTIONHALDIA

LAYTIME: 72 HRS SHINC

DETAILED ITINERARY OF THE VSL (INCLUDING ETA VISAKHAPATNAM) TO BE PROVIDED WITH OFFERS ALONG WITH AVG. SAILING SPEED.

ALSO THE ATTACHED VESSEL DETAILS FORMAT (HPCL QUESTIONNAIRE) IS TO BE FILLED AND SENT ALONGWITH THE OFFER.

OTHER TERMS: AS PER HPCL ADAPTED ASBATANKVOY CP FOR THIS TRADE INCL. FLWG. . IF IN CONFLICT WITH CP, THE MAIN TERMS SHALL APPLY.

1.OWNERS CONFIRM VSL ABLE TO LOAD MIN QTY BSS RESTRICTIONS/REQUIREMENTS AT LOAD/ DISCHARGE PORT(S).

2.B/LS TO BE ISSUED AS PER TERMINAL PROCEDURE/REQUIREMENTS

3.IF VSL IS AVAILABLE PRIOR TO LAYCAN AND CHARTERERS HAVE NO OBJECTION LOADING HER PRIOR TO LAYCAN, THE TIME SAVED AT LOADPORT TO BE ADDED TO THE LAYTIME ALLOWED TO CHARTERERS.

4.OWNERS CONFIRM VSL ACCEPTABLE TO THE LOADING PORT TERMINAL(S) AND DISPORT(S) AND CONFORM TO INDIAN LAWS.

5.VSL TO BE PRESENTED IN FIT / READY CONDITION IN ALL RESPECTS TO LOAD INTENDED CARGO.

6.HEATING ARRANGEMENT: OWNERS CONFIRM VESSEL IS HAVING PROVISION TO HEAT, MAINTAIN AND DISCHARGE THE CARGO UPTO 140 DEG. C. (MINIMUM).

7.ACTUAL TIME AND COST FOR COASTAL CONVERSION INCLUDING CUSTOMS DUTY LEVIED ON THE VESSEL, IF ANY, WILL BE ON OWNERS’ ACCOUNT. NON-ACCEPTANCE OF THIS CONDITION WILL RESULT IN DISQUALIFICATION OF THE VESSEL.VESSEL TO TENDER NOR ONLY ON CONVERSION TO COASTAL RUN.

8.OWNERS CONFIRM VESSEL POSSESSES VALID STATUTORY LICENSES / CERTIFICATES AND APPROVALS / PERMISSION FROM STATUTORY / GOVT BODIES FOR INDIAN COASTAL OPERATIONS.

9.THE VESSEL OFFERED SHALL ONLY BE SBT (SEGREGATED BALLAST TANKS) VESSEL AND ABLE TO LOAD MIN 2 GRADES WVNS.

10.OWNERS CONFIRM VESSEL IS ABLE TO MEET ALL THE PORT LIMITATIONS/REQUIREMENTS/ CONDITIONS AT LOADPORTS/DISPORTS AND ACCEPTABLE TO THE RESPECTIVE TERMINALS.

11.IN THE EVENTUALITY OF BAD WEATHER, HALF TIME TO COUNT AS LAYTIME OR TIME ON DEMURRAGE.

13.OWNERS CONFIRM VESSEL/OWNERS COMPLY WITH ISPS CODE/REQUIREMENT. CHEVRON ISPS CLAUSE TO APPLY.

14.INDIAN INCOME TAX ON FRT/DFRT/DEM, TO BE ON OWNERS’ ACCOUNT. PAYMENT OF FRT/DFRT/DEM SHALL BE MADE AFTER DEDUCTING APPLICABLE INDIAN INCOME TAX AT SOURCE.

15.OWNERS TO PROVIDE TAX RELATED INFORMATION IN THE ATTACHED HPCL QUESTIONNARIE.

16.FOREIGN VESSEL OWNER WILL HAVE TO FURNISH INFORMATION REQUIRED FOR REMITTANCE TO NON RESIDENTS AS PER INDIAN INCOME TAX ACT BEFORE PAYMENT OF FRT/DFRT/DEM.

17.OWNERS CONFIRM THAT IF IN THE OFFER FOR THEIR VESSEL, ANOTHER VESSEL IS OFFERED UNDER ‘OWNERS’ OPTION’ AND IN CASE ONLY ONE OF THESE VESSELS IS ACCEPTED BY THE LOADPORT TERMINAL, THE VESSEL SO ACCEPTED WILL NECESSARILY BE THE PERFORMING VESSEL.

18.VESSEL DIMENSION: SHOULD BE SUITABLE FOR BERTHING AT VISAKHAPATNAM

AND HALDIA.

19.NOR/LAYTIME COMMENCEMENT RIDER CLAUSE 18.

20.FREIGHT : OWNERS TO QUOTE ON PER MT BASIS

21. OWNERS TO MENTION IN THEIR OFFER WHETHER THEIR SHIP IS ELIGIBLE FOR ‘RIGHT OF REFUSAL’ AS PER GUIDELINES OF DG-SHIPPING, INDIA. (THE INDIA FLAG VESSELS SHALL HAVE THE RIGHT OF FIRST REFUSAL AS PER POLICY OF GOVERNMENT OF INDIA. IN THE EVENT OF THE RIGHT OF FIRST REFUSAL NOT GETTING EXERCISED BY ANY BIDDER, RIGHT OF REFUSAL WILL BE EXERCISED BY THE FOLLOWING TWO CATEGORIES OF VESSELS IN THAT SEQUENCE: (1) INDIAN CITIZENS / COMPANIES / CO-OPERATIVE SOCIETIES, HAVING BBCD VESSELS, FAILING WHICH (2) ANY OTHER OWNER OR HIS AGENT OFFERING FOREIGN FLAG VESSEL BUILT IN INDIA )

22.INDIAN SHIPOWNERS PARTICIPATING IN THIS ENQUIRY DIRECTLY OR THROUGH SHIP-BROKERS MUST BE REGISTERED WITH DG-SHIPPING.

23.ADDRESS COMMISSION 2.5% PAYABLE TO HPCL.

OFFER FIRM BY : 1430 HRS ON 13 DEC 2011

OFFER TO REMAIN VALID UPTO :1800 HRS ON 13 DEC 2011

E-mail ID :

Fax No. : 00 91 22 22822300

Telephone No(s) : 00 91 22 22822400

OFFERS SHOULD BE SENT ONLY TO THE E-MAIL ADDRESS AND FAX NO GIVEN ABOVE.

PLEASE SEND YOUR RESPONSE AT THE EMAIL ID AND FAX BOTH, ENCLOSING Q-88 ALONG WITH DETAILED ITINERARY OF THE VESSEL, LAST 3 GRADES/CHARTERERS.

IN CASE OF VARIATION BETWEEN MORE THAN ONE OFFER FROM THE BIDDERS FOR THE SAME VESSEL, THE LOWEST OFFER SHALL BE CONSIDERED FOR EVALUATION AND THE SAME SHALL BE BINDING ON THE BIDDERS.

OFFERS RECEIVED ON ANY OTHER EMAIL ID / FAX NO. SHALL NOT BE CONSIDERED BY HPCL. PLEASE ENSURE THAT YOUR OFFERS ARE RECEIVED BY US WITHIN THE OFFER TIME STIPULATED ABOVE. LATE OFFERS WILL NOT BE CONSIDERED.

IT IS MANDATORY FOR ALL BIDDERS TO PUT ALL COMMUNICATION PERTAINING TO THE OFFER AND SUBSEQUENT NEGOTIATIONS ON E-MAIL / FAX FOR RECORDS.

REGDS.

CHARTERING CELL

HPCL, MUMBAI