ONGC defends oil vessel hire tender, norms aimed at increasing competition
State-owned Oil and Natural Gas Corporation (ONGC) has defended its tender for charter hire of an oil vessel with company sources saying safety certification norms in the tender were aimed at increasing competition.
The tender for hiring a vessel to transport diesel along the Indian coast provides for the ship being seaworthy with valid certifications on the date of deployment after its selection in the bidding process.
