Videocon Industries, the flagship company of Videocon Group, had a glass division factory at Chavaj in Bharuch, for making colour televisions. The company placed a purchase order with Caterpillar Motoren GmbH in Germany for Caterpillar diesel engine generator sets and accessories. The consignment was packed in 24 containers and despatched by ship from Hamburg Seaport in France to Indira Seaport in Mumbai, from where it was to be transported by road to Chavaj.
The consignments were insured with Oriental Insurance under a Marine Cargo Policy for Rs 80 crore, for which a premium of Rs 4,53,001, including service tax,
The consignments were insured with Oriental Insurance under a Marine Cargo Policy for Rs 80 crore, for which a premium of Rs 4,53,001, including service tax,
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