Criteria for Empanelment and Retention of Salvors

1. Empanelment Criteria

Applicants must meet the following criteria:

• Company Type: Indian Company or Joint Venture with Indian entity
• Paid-up Capital: Minimum 1 crore
• Financial Stability: Positive net worth and turnover of 5 crores
• Operational Set-up: Establish minimum operational set-up/stand-by locations on East and West Coast within 12 months
• Assets/Equipment: Mandatory evidence of assets/equipment available in India
• Manpower: Details of Salvage Master, Naval Architect, Chemist, Firefighting Expert, and other personnel
• Experience: Successful completion of minimum 4 salvage operations in last 5 years, and 2 in Indian Ocean Region, Red Sea, Gulf of Aden, and Persian Gulf in last 10 years
• Insurance: Adequate Professional Indemnity insurance
• Tie-ups: With MPROs and ship operators/owners/managers for emergency deployment of tugs within 24 hours
• 24x7 Availability: Point of Contact for salvage

2. Empanelment Procedure

Interested entities must submit applications to the Director General of Maritime Administration, following the checklist annexed to this notice.

Applications will be evaluated based on technical capability, operational preparedness, and financial soundness.