Purchase of a Tanker Vessel, Maldives Tenders Global

Summary : Purchase of a Tanker Vessel

Organization Name : State Trading Organization plc

Organization Details:

Notice Details:
Organization Name:	State Trading Organization plc
Country:	Maldives
Address:	Boduthakurufaanu Magu, Maafannu, Malé 20345 Republic of Maldives
Contact Person:	Mr. Abdul Wahid Moosa E-mail: tenders@sto.mv
Notice Type:	Expression of Interest
Bidding Type:	International Competitive Bidding
Notice No:	60-ADM/2024/229
Description:	State Trading Organization Plc (STO) invites interested and eligible parties meeting the requirements set out in this announcement to submit written Expression of Interest (EOI) for a Product Tanker (20,000 MT – 25,000 MT carrying capacity). The shortlisted applicants will then be invited to submit a more detailed proposal through a restricted Request for Proposal process. 1. Criteria for shortlisting applications. a. Applicant must be a shipowner or a shipbroker. b. If the applicant is a Shipbroker, the applicant must have experience in the sale of minimum 3 (three) tanker vessels with each 20,000 DWT or above. c. Participation by joint ventures is not allowed. Only individual entities (Brokers or Owners) are authorized to submit Expressions of Interest (EOI) for consideration. 2. Submission of EOI. a. Applications for this EOI will only be accepted from individual companies, not joint ventures. b. The EOI shall be type written and signed by the applicant or a person or persons, duly authorized by the applicant to submit the proposal. c. The applicant shall submit their EOI via email to tenders@sto.mv clearly subjected "Purchase of a Tanker Vessel." d. Deadline for submission is 22nd July 2024, 1600hrs, Maldives Time. e. STO may, at its discretion, extend this deadline for the submission of the EOI, in which case all rights and obligations of STO and applicants previously subject to the deadline will thereafter be subject to the deadline as extended. f. Any EOI received by STO after the deadline for submission of EOI will be rejected. g. The applicant may withdraw its EOI after submission, provided that written notice of the withdrawal is received by STO prior to the deadline for submission. No EOI may be modified after passing of the deadline for submission of EOI.
Deadline:	22 Jul 2024
Updates:
Soft Copy:	document (546.4KB)
About Authority:	State Trading Organization Plc. (the “STO”), Head Office in the capital city of Maldives, Male’, began operations in the year 1964. STO group, with its subsidiaries, joint ventures and associates, is a national leader in business. It has significant and focused interests in petroleum, cooking gas, construction materials (including cement and roofing material), medical supplies and pharmaceuticals, home appliances, electronics, supermarket products and insurance. The company is geographically diverse with operations and developments throughout Maldives and operations in Singapore. This has been achieved by direct procurement and distribution as well as forming joint ventures to effectively trade in areas where it presents greater opportunity.