Specific Voyage Insurance Policy for Delivery of INS Nipun (VC11191) to Indian Navy at Mumbai
Bid Value
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Closing Date
30 July 2026
Days Remaining
Expired
AI Tender Synthesis
Pre-generatedThis is a clear requirement for a specific insurance policy, but the estimated value is not specified, and detailed eligibility criteria are missing, necessitating a review of the full tender documents.
What's Being Procured
Hindustan Shipyard Limited (HSL) is inviting quotations for a Specific Voyage Insurance Policy. This policy is required for the safe delivery of vessel INS Nipun (VC11191) to the Indian Navy at Mumbai, covering the duration of the voyage.
Eligibility Criteria
- 01Financial: Not specified, but typically includes minimum turnover or capital requirements for an insurer.
- 02Technical: Must be a registered and reputable insurance provider with experience in marine or voyage insurance.
- 03Registration: Must be registered with the Insurance Regulatory and Development Authority of India (IRDAI).
Technical Scope
- 01Provide a Specific Voyage Insurance Policy for vessel INS Nipun (VC11191).
- 02Coverage for the duration of the voyage from the point of origin to successful delivery and handover to the Indian Navy at Mumbai.
Documents Required
- 01Quotation/Proposal for the voyage insurance policy.
- 02Company registration documents and IRDAI license.
- 03Company profile and relevant experience in marine insurance.
- 04Financial statements (implied for assessing insurer's capacity).
Watch Out For
- Estimated Value: Not specified, which makes it difficult to assess the potential revenue or contract size.
- Eligibility Notes: Stated as N/A, implying critical eligibility requirements are not detailed in this summary and would need to be reviewed in the full tender.
Bid Value
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Summary
Hindustan Shipyard Limited is inviting quotations for a Specific Voyage Insurance Policy. This policy is required for the safe delivery of vessel VC11191, identified as INS Nipun. The vessel is to be handed over to the Indian Navy at Mumbai. The insurance coverage will be for the duration of the voyage until its successful delivery and handover.