We have a end buyer of Urea 5,000,000 MT.
The urea should comply the following
specifications :
Agricultural grade urea fertilizers
Nitrogen - 46% min,
Moisture - 0.5% max,
Biuret - 1% max,
Melting point - 132 degrees C,
Granulation- 1 to 4 mm 90% min,
Prilled, free flowing and treated against
caking,
Free from radiation and harmful substance.
We need the full supply on FOB basis.
Monthly delivery of 500,000 MT is quite good.
But if you can do 1,000,000 tons to be
delivered every month at your port also it is
o.k. We accept it.
Our procedures:
1. First we need copy of a valid allocation
letter and a guarantee letter for the supply of
at least 5,000,000 MT of urea.
We need it before issuing the LOI to write the
subjects of both the letters in the LOI.
2. Buyer issues his LOI to the seller.
5. The seller issues full corporate offer (FCO)
to the buyer. The buyer counter signs the FCO
6. The seller issues draft contract to buyer
for comments and acceptance, the buyer signs
and returns the draft contract showing all
amendments required and adds full banking
coordinates as set out within
7. The seller amends where necessary the hard
copy contract, signs, seals and issues to the
buyer for his completion, the buyer signs the
hard copy contract and returns it to the
seller. Any facsimile copy shall be considered
as the original
8. Within five (5) banking days after the final
hard copy contract signature, the buyer opens a
financial instrument in their own bank and then
provides to the seller a non-operative letter
of credit to seller for approval and then
forwards it to the seller's bank. In return,
within seven (7) international banking days,
the seller provides proof of product to the
buyer's bank.
9. Within seven (7) banking days after the
receipt and confirmation of a letter of credit
acceptable to the seller the seller issues a
fully active two percent (3%) performance bond
of the letter of credit value.
10. Delivery and shipment commence as per the
terms and conditions of the contract.
Please, note that we cannot change our
procedures.
Quantity: 5,000,000 MT