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SCO Urea EKP 105JP2 - Redacted

This document outlines terms for the supply of prilled urea from Russia. It specifies a price of $ per MT CIF for 12,500 MT per month over a 12 month contract. Payment would be via SBLC and inspection by SGS. The supplier provides documentation including a quality passport and requires a corporate purchase order and financial details from buyers. Loading and shipping procedures are described, including timelines for issuing letters of credit and performance bonds between banks to enable loading and payment. Commission terms are also specified.

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437 views

SCO Urea EKP 105JP2 - Redacted

This document outlines terms for the supply of prilled urea from Russia. It specifies a price of $ per MT CIF for 12,500 MT per month over a 12 month contract. Payment would be via SBLC and inspection by SGS. The supplier provides documentation including a quality passport and requires a corporate purchase order and financial details from buyers. Loading and shipping procedures are described, including timelines for issuing letters of credit and performance bonds between banks to enable loading and payment. Commission terms are also specified.

Uploaded by

ReCyo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Issue Date: 05th Jan, 2021.

Validity: 12'h Jan, 2021.


REF.: EKP/UREA/CIF/105
To:
Att.:

SOFf CORPORATE OFFER

We hereby confirm the Availability and Capability to Supply the under listed Products for Immediate
Spot and Contract sales. The Supply is guaranteed to meet the Specifications and pass through the
stringent requirements of SGS or Equivalent. Financial Statement from the Buyer's bank clarifying
buyer's financial capability will be requi red to consider buyer's negotiations. Only di rect negotiations
from End buyers will be considered.

TERMS OF NEGOTIATION
Commodity: PRILLED UREA N.46

-
Origin: Russian Federation
Payment Terms: SBLC-MT760 /DLCMT700, MT103 TT Wire Transfer
Inspection: SGS or Similar
Loading Port:
Delivery Terms: CIF
Destination Port: -/BRASIL
Quantity: 12,500 MT per Month
Price: CIF Gross er MT
Commission: USO $20 per MT, Seller side $5 (closed) & Buyer side $10, Intermediates $5
Specification: As attached below
Contract Term: 12 Months minimum (with rolls and extensions)
Performance Bond: 2% by the Seller
POP: Seller provide 2% PB Bank to Bank as per documents list in contract

GUIDELINES TO NOTE WHEN PREPARING DOCUMENTS ICPO

1. Freshly dated (not older than 2 working days)


2. The letterhead is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete
company name, address, phone number, fax number and email address.
3. The information's must be detailed and we need a specification.
4. The ICP0 must be addressed to "lbralog" for review before submitting to Seller for Draft SPA

IBRALOG EGYPT
Kornish El-Nile, El-sayad plaza, 1st tower, Third floor, Office D06, Damietta, Egypt
[email protected] | +2010 6101 3288
SPECIFICATION OF RUSSIAN PRILLED UREA N.46
Physical Condition
Description Free FlowinQ, white Qranules
Form Prilled or Granuler
Particle Size 90% of the material shall pass through 2.8 mm sieve and not less
than 80 percent by weight shall be retailed on 1 mm sieve
Total Nitrogen percent weight 46% Minimum
Biuret Percent by WeiQht 1.5% Maximum
Moist Percent by weight 1.0% Maximum
Packing 1 TON BIG BAG

OFFICIAL TRANSACTION CIF PROCEDURES:

1. Buyers issues Irrevocable Corporate Purchase Order (ICPO) addressed to the Seller Refinery along with company
profile and buyer passport.

2. Seller issues the draft SPA for buyer's review and signing

3. Seller legalizes and registers the contracts with insurance company and notarize it with the appropriate Authorities of
the ministry of energy along with the below PPOP document.
• Product Quality Passport-Quality Certificate. .
• Certificate of Product Origin.
• Product availability
• Commitment letter to supply the product from Ministry of Energy.
• Authorization to Sell and Collect (ATSC)

4. Buyer's bank issues SBLC to seller's nominated bank informing readiness to issue agreed financial Instrument SBLC.
Buyer's bank in accordance with seller's verbiage shall issue SBLC within six (6) working days for first shipment's
value to seller's financial bank to enable seller commence loading of product with the shipping company. Seller to
finalize loading within six (6) working days. But, if buyer fails to issue SBLC within six (6) working days, as an
alternative provision buyer pays $250,000 to seller nominated RUSSIA insurance company within seven days, which
will be deducted from the product's invoice value of product at destination port.

5. After confirmation by seller's bank, seller at own expense, charters with shipping/logistic company and alert buyer on
shipment ordered graphic/schedule accompanied with submission of nominated Vessel details to buyer.

6. Seller's bank responds with contractual operative 2% PB and full POP to buyer's bank within seventy -Two (72) hours
since buyer's instrument confirmed by seller's bank.

7. Upon successful product confirmation against SGS/CIQ Report of Quality and Quantity at destination port, buyer
makes payment by MT103.

IBRALOG EGYPT
Kornish El-Nile, El-sayad plaza, 1st tower, Third floor, Office D06, Damietta, Egypt
[email protected] | +2010 6101 3288
18�/\
8. Seller pays commission to all intermediaries involved in the transaction in accordance to the signed NCNDA/IMFPA
72 hours after confirmation of the Buyer's payment.

Kindly issue your ICPO upon acceptance of the above transacting terms and procedures.

With warm and best regards,

IBRALOG EGYPT
Kornish El-Nile, El-sayad plaza, 1st tower, Third floor, Office D06, Damietta, Egypt
[email protected] | +2010 6101 3288

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