Urea *6%

RFQ Details

WE ARE LOOKING FORWARD TO BUY UREA N-46 WHERE THE RESPECTED SELLER CAN POST A PRE-ADVICE OF 15% PERFORMANCE BOND AND ISSUE THE BILL OF LADING IN 20 DAYS FROM THE L/C DATE.
WE COMMIT TO PAY A PENALTY OF 15% COVERING NON PERFORMANCE FROM OUR SIDE ON SIGNING THE CONTRACT.

A QUANTITY OF 50,000 xxxxx IS REQUIRED FOR GRANULAR UREA AND 25K FOR PRILLED. OR, WHATEVER AVAILABLE.

PROCEDURE:
- SELLER ISSUES FULL CORPORATE OFFER AND DRAFT CONTRACT.

- BUYER SENDS SIGNED DRAFT CONTRACT BACK TO SELLER.

- SELLER ISSUES FINAL HARD COPY CONTRACT BY COURIER.

- BUYER SENDS SIGNED, HARD COPY CONTRACT TO SELLER.

THE CONTRACT WILL HAVE A PENALTY CLAUSE OF 15% ON BOTH PARTIES COVERING NON-PERFORMANCE.

- BUYER'S BANK SENDS THE LETTER OF READINESS ASKING
15% PERFORMANCE BOND + xxxxx BANK TO BANK.

- SELLER'S BANK CONFIRMS THE ABOVE MENTIONED BY SWIFT.

- BUYER'S BANK ISSUES L/C WHICH WILL BE ACTIVATED AUTOMATICALLY AS PER THE PRE-ADVICE OF PBG AND AUTHENTIC xxxxx ISSUED BY SELLER'S BANK.

- SELLER ISSUES VISA INVITATION TO BUYER'S REPRESENTATIVE FOR OBSERVING THE LOADING STARTED BY THE SELLER AS PER THE CONTRCT TERMS.