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UREA 46%NITROGEN, PRILLED.
PRICING IS FOR ANY SAFE WORLD PORT [ASWP]
MINIMUM SHIPMENT IS 12,500 M/T
QUANITY AVALIABLE PER CUSTOMER PER YEAR= 1 MILLION M/T
PACKING: 50 KG PP BAGS
PRINTING: IF REQUESTED BY BUYER.
GUARANTEED SPECIFICATION
NITROGEN : 46.0% BY WEIGHT MIN
MOISTURE : 0.5% MAX FISHER METHOD - 0.3% MAX METHOD OF DRYING
BIURET : 1% MAX BY WEIGHT
ANTI-CAKING AGENT: TREATED AGAINST CAKING
FREE AMMONIA : 160 PXT, PPM MAX - PRILL 95% MAX
GRANULATION : DIMENSION FROM 1-4 MM 90% MIN,
DIMENSION SMALLER THAN 1 MM 5% MAX
DIMENSION BIGGER THAN 4 MM 5% MAX
MELTING POINT : 132 DEGREE C
COLOUR : PURE WHITE PRILLED –
RADIATION CERTIFIED: NON-RADIOACTIVE
FREE FROM : HARMFUL SUBSTANCES
100% FREE FLOWING
PAYMENT TERMS:
1. IRREVOCABLE, DIVISIBLE, TRANSFERABLE AND
CONFIRMED, MONTHLY AUTO-REVOLVING, MONTHLY [*OR FREQUENCY AT BUYERS REQUEST]
LC payable 100% at sight,
Documentary letter of credit basis.
2. NON TRANSFERABLE LC, $5 PER M/T IS TO BE ADDED.
3. PAYMENT BY BANK GUARANTEE *CONDITIONS APPLY.
DISCHARGE CONDITIONS:
THE DELIVERY PORT MUST DISCHARGE > 3000 M/T PWWD *[PER WEATHER WORKING DAY]
OR EXTRA CHARGES SHALL APPLY.
PROCEEDURES.
1. SELLER ADVISES OF SOFT QUOTE, [VALID 7 WORKING DAYS]
2. END BUYER ISSUES LOI AND BCL [OR ICPO] TO THE SELLERS. [*NO BCL, NO DEAL.]
3. THE SELLER ISSUES DRAFT CONTRACT CONTAINING THE DETAILS TAKEN FROM THE LOI.
4. THE BUYER COMPLETES THE DRAFT CONTRACT, SHIPING SCHEDULE, SIGNS THE DRAFT, WITH REASONABLE AMENDMENTS AND RETURNS.
5. THE FINAL CONTRACT IS DRAWN UP BY THE SELLERS LEGAL OFFICE. AND EXCHANGED BY COURIER.
6. THE PROOF OF FUNDS AND PROOF OR PRODUCT ARE ESTABLISHED BY THE BUYERS AND THE SELLERS BANKS, SIMULTANEOUSLY.
7. THE LC IS ACTIVATED AND THE SHIPMENTS BEGIN 45 DAYS FROM THE LC ACTIVATION.
*2% PERFORMANCE BOND GUARANTEE IS OFFERED BY THE SELLERS. AND ACTIVATED WHEN THE LC IS OPENED.
F.A.Q.
1. Q.
WHAT INFORMATION SHOULD THE LOI AND BCL CONTAIN?
1. ANSWER:
[CLICK LINK FOR LOI & BCL TEMPLATES]
2. Q.
IS THE BCL NECESSARY?
2. ANSWER:
YES, THE BCL INFORMS THE SELLER THAT THE BUYERS AND THEIR BANKS ARE READY TO PROCEED WITH A PURCHASE.
THE BCL IS NOT [POF] PROOF OF FUNDS; IT IS A BANK DOCUMENT OF ASSURANCE FOR THE SELLERS ONLY. IN MANY CASES THE CREDIT
INSURER WILL REQUIRE THE SELLERS PRODUCE THE DOCUMENT TO LEGALISE THE CONTRACT. ALL BANKS WILL ISSUE BCL AT THE BUYERS REQUEST.
3. Q.
IS PROOF OF PRODUCT GIVEN?
3. ANSWER:
PROOF OF PRODUCT CANNOT BE GIVEN PRIOR TO THE SELLERS BANK AND THE BUYERS BANK CONDUCTING THE PROCEEDURES REQUIRED TO
ISSUE THE LC.
4, Q
CAN OTHER DOCUMENTS OF PRIOR PERFORMANCE BE GIVEN, TO REASSURE THE BUYER THAT THE SELLER HAS THE PRODUCT AND HAS EXPORTED
BEFORE?
4. ANSWER:
NO! IT IS ILLEGAL FOR THE SELLER TO GIVE DOCUMENTS FROM OTHER TRANSACTIONS AS ANY PROOF OR PERFORMANCE OR PRODUCT. [REF.
ICC 500]. SUCH DOCUMENTS CAN BE USED TO FRAUDULENTLY OBTAIN FINANCE OR OTHER.
5. Q.
WHAT ABOUT THE LC?
5. ANSWER:
A, A DRAFT OF THE TEXT OF THE LC WILL BE GIVEN TO THE BUYERS BANK.
B. THE LC IS TRANSFERABLE SO THAT THE UREA CAN BE PAID FOR AND THE SHIPPING. [WE OFFER ASWP:]
C. THE LC MAY BE ISSUED BY THE BUYERS OWN BANK. BUT MUST BE CONFIRMED BY A TOP U.S.A. BANK OR TOP EUROPEAN BANK.
[THE SELLERS TO BE ADVISED OF USA BANK OR EU BANK TO USE THE CORRECT RECEIVING BANK FOR THE LC.]
6. Q
WILL THE PRICE CHANGE IF THERE IS AN INCREASE IN OIL PRICES?
6. ANSWER:
THERE MAY BE A CLAUSE IN THE CONTRACT THAT THE PRICE WILL BE REVIEWED AND THE NEW PRICE MUTUALLY AGREED BY THE BUYERS
AND SELLERS.
7. Q.
CAN WE CHOOSE THE ORIGIN?
7. ANSWER.
YES, THE BUYER CAN REQUEST A PREFERED ORIGIN; HOWEVER THE PRICE MAY VARY, AS LONG TERM SUPPLY CONTRACTS ARE IN PLACE WITH
SELLERS PREFERED PRODUCERS.
8, Q
IS THE PRODUCT GOOD QUALITY?
8. ANSWER:
THE QUALITY OF THE PRODUCT IS GUARANTEED BY THE SELLERS.
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