Government Commercial Shipbuilding Programme - Medium Range Tankers and Container Vessels

planned

The government is conducting tenders for building Medium Range (MR) tankers and container vessels under its commercial shipbuilding programme. Local shipbuilders, represented by the Shipyards Association of India (SAI), are seeking changes to the tender terms to ensure balanced risk allocation and encourage wider participation by Indian shipyards. Key demands include inclusion of an Exchange Rate Variation clause, a cap on liquidated damages, revision of delivery schedules, standardization of commercial evaluation methodology, steel price indexation, rationalization of bank guarantee requirements, balanced termination provisions, and progressive billing linked to milestones.