ONGC's vessel tender: Too many bidders, many changes – 26 Aug 2024

ONGC has decided to imposed a hefty fine if last moment changes are made in vessel substitution

The downtime provisions have been changed too

Fuel consumption norms have undergone changes

No compromises will be made on the age of the vessel either

The vessel business has become crowded as was evident from those who have shown interest in a tender for offshore vessels of ONGC

A full analysis is carried here