UREA: THE REQUIREMENTS OF THE BUYER
Specifications
PRODUCT 1
Commodity: Prilled Urea 46 N
Quantity: 600,000 MT
Target Price: Negotiable, maximum US $87.00/MT
Delivery: CIF South Korean Port (GUNSAN)
Packing: As required by Purchaser in ¡§bulk¡¨ &
50Kg tri-ply bags
Payment: Payment will be made
by irrevocable, transferable revolving, confirmed by, Prime Western
Bank, documentary Letter of Credit, payable ¡§at sight¡¨, issued in
accordance with the UCP500. Subject to inspection, at Sellers cost, by
SGS at port of loading.
Specifications:
ć Nitrogen: 46% min
ć
Moisture Content: 0.4% max, by method of drying
ć Binret: 1.0% max
ć
Colour: Pure White
ć Free Flowing: 100%
anti-caking treated
ƒá Melting point 132¢XCelius
ć Granulation 1-4mm-94%
PRODUCT 2
Commodity:
Granular Urea 46N
Quantity: 600,000 MT
Target Price: Negotiable, maximum US $87.00/MT
Delivery: CIF South Korean Port (GUNSAN)
Packing: Bulk
Payment:
Payment will be made by irrevocable, transferable, revolving, confirmed
by Prime Western Bank, documentary Letter of Credit, payable ¡§at
sight¡¨, issued in accordance with the UCP 500. Subject to inspection,
at Sellers cost, by SGS at port of loading
Specifications:
ć
Nitrogen: 46%
ć Moisture Content: 0.4% max. by
method of drying
ć Binret: 1.0% max.
ć Colour: Pure White
ć
Free Flowing: 100% anti-caking treated
ć Melting
Point: 132¢XCelius
ć Granulation: 2-4mm. Min 94%
The stated quantities will be delivered over a
period of twelve months as required by the Purchaser. Monthly deliveries
will be per the Purchaser¡¦s delivery order/schedule.
The Purchaser is prepared to enter into a
long-term contract, which contains options for additional quantities of
both commodities.
The following documents will be
required as proof of a valid ¡§offer¡¨, and an uninterrupted supply of
product.
1. Draft Contract from Factory, or
Seller
2. If the Draft Contract is from a Seller
other than the Factory, the Client will require a letter from the
Factory certifying the validity of the ¡§offer¡¨ and the Factory¡¦s
written commitment to comply with the Contract Terms.
3. A Performance Bond in the amount of 2 percent,
(2%), of the full value of the Letter of Credit, to be issued by the
Factory/Seller.
The above ¡§Confirmation¡¨
request is issued exclusively to the recipient of this document, to whom
it is addressed, and shall not be copied, or circulated without the
consent of the Sender.
Terms of delivery,
(Delivery schedule)
March 2003 50,000MT
April 2003 100,000MT
May
2003 100,000MT
June 2003 100,000MT
July 2003 100,000MT
August
2003 100,000MT
September 2003 100,000MT
October 2003 100,000MT
November 2003 100,000MT
December 2003 100,000MT
January 2004 100,000MT
February 2004 100,000MT
TOTAL 1,150,000MT
Condition of Delivery CIF South Korean Port
(GUNSAN)
Performance Bond. A Performance Bond in
the amount of 2 percent, (2%), of the full value of the Letter of
Credit, to be issued by the Factory/Seller.
Letter of Credit. Payment will be made by
irrevocable, transferable, revolving, confirmed by Prime Western Bank,
documentary Letter of Credit, payable ¡§at sight¡¨, issued in accordance
with the UCP 500. Subject to inspection, at Sellers cost, by SGS at port
of loading
Price. Maximum US $87.00/MT
Contract Quantity Total 1,150,000 MT to be
delivered over a period of 12 months as required by the Purchaser/Buyer.
Monthly deliveries will be per Purchaser¡¦s/Buyer¡¦s Delivery Order,
value of vessel consignments 50,000MT ships. The stated quantities will
be delivered over a period of twelve months as required by the
Purchaser. The Purchaser is prepared to enter into a long-term contract,
which contains options for additional quantities of both commodities.
DIRECTOR
SERG I. COUPATCH
. FAIREY MANAGEMENT LLC
SUIT 606, 1220 N Market Str.
WILLMINGTON, 19801 USA
