March 03, 2008
Mr. Spencer G. Cooper
CEO
Unimarc Holdings Inc.
7305 Woodbine Ave., Suite 62
Markham, Ont., L3R 3V7, Canada
Dear Sir,
We have received firm order to supply 300 000 MT Granular Urea. We are Buyer mandate.
I am sending you at below Buyer's ICPO terms for your kind perusal and evaluation. We will provide you Buyer's signed & sealed ICPO with Buyer's Bank coordinates for soft probe upon your confirmation.
SPECIFICATION:
UREA N 46% CARBAMIDE (NH2CONH2) GRANULAR
Nitrogen 46 %
Biuret 1 % max -
Bunter - 1 % max by weight
Moisture 0,5 % max by Fisher 1 % max by weight 0,3 % max dryer
Anti-caking agent 0,5 % max treated against anti caking
Prilled 95 % -
Free ammonia 160 pxt ppm max 160 pxt ppm max
Granulation 2 - 4 mm, 90% min Less than 1mm : Nil
Color standard white or pure white
Free flowing 100 % anti caking treated -
Melting point 132 degrees Celsius
Ph Value 8.0 - 8.5 -
Radiation Certified non-radioactive 100 % free flowing
Physical: Free from harmful substance, impurities, dust
Packing : Bags of 50kgs in HDPE bags with 2% empty bags provide free.
Quantity & Condition : 300,000 M/T (+/- 5%), 25,000M/T/ ÷ 2 /monthly x 12 month (+/- 5% as per port of
Loading SGS certificate).
Shipping Schedule : Individual shipments of 12,500 M/T x 2 /month.
Origin : Commonwealth of Independent States (CIS), Ukraine, Russia, Egypt, or at Seller's options
Target Price : USD 215 per M/T CIF Leamchabang Port, Thailand
Inspection : SGS at loading port at Seller’s cost.
Payment : Payment shall be made by an Irrevocable, transferable, divisible, confirmed letter of Credit. Letter of Credit will be payable 100% at sight for each shipment value. L/C will be issued monthly by increased amendment MT 700 + 707 X 12 months
Performance Bond : 2% issued by Seller’s bank.
Documents: One set of the following documents will be supplied:
1.Signed Commercial Invoice, three (3) originals and five (5) copies.
2.Full set of Clean Onboard Ocean Bill of Lading issued by the shipping company and or the Captain of the vessel, made out To Order notifying the Buyer or Buyer’s agent, bank endorsed, mark “Freight Prepaid”, three (3) originals and five (5) copies.
3.Packing list showing gross/net weight and the number of Ocean Bill of Lading and packing conditions, one (1) original and three (3) copies.
4.Certificate Non-Radiation, one (1) original and three (3) copies.
5.Certificate of Origin issued by or endorsed by the Chamber of Commerce, Department of Trade or Ministry of Industry and Trade for the country of origin, one (1) original and three (3) copies.
6.Certificate of Quality, Quantity and Weight issued by SGS confirmed in the port of discharge, one (1) original and three (3) copies.
7.Statement from the shipping company stating that the vessel is not older than twenty (20) years of age.
8.After signing contract, Seller must send sample 5 kg along with relevant documents to us follows.
(1)SGS reports
(2)Name and address of the refinery
(3)Specification
9.Seller to issue Pro Forma Invoice and sign final contract with buyer in Bangkok and bring along 5kg sample of ordered goods with SGS report After final contract signed within 3-7 days buyer will issue Non Operative L/C to seller bank within 10-12 days
10.Seller to issue invitation letter to the buyer and at least 2 stuffs to visit country of product origin for viewing Loading of cargo.
Procedure Offer
1.Buyer accepts and agrees to the terms and conditions of the FCO by counter signature, affixing seal on this Offer and returning the same within validity.
2.Seller issues Draft Contract and Buyer fills in their (issuing & confirming) bank details, signs and returns same to Seller within 3 banking days via E-mail.
3.Seller will then issue the Original Contract by express courier and e-mail. Buyer will sign and return theSame by express courier and E-mail. Meanwhile, electronic copies will be considered as original. Both Buyer and Seller will lodge copies of the contract with their respective Banks.
4.Buyer’s Bank will within 5 (five) working days from the date of signature of the Original Contract open the Non-0perative Bank Payment Instrument & send a copy to Seller for approval prior to sending to Seller’s Bank, Seller will respond within a day.
5.Within 7 ( seven) working days after receipt of acceptable Non-operative Bank Payment Instrument via SWIFT in strict accordance with approved draft, Seller’s Bank shall issue the Operative Performance Bond (PBG) for 2%, L/C value in favor of the Buyer along with Proof of Product (POP) approve by Seller bank in favor of the Buyer and send it by SWIFT to Buyer’s Bank and this shall automatically activate the Buyer’s Bank Payment Instrument.
6.Delivery and Shipment commence after receipt of L/C 30-45 day as per the terms and conditions of the Contract.
Kindly let us know your interest and how you want to proceeding.
If you have any questions or suggestions, pls don’t hesitate to write me e-mail urgently.
Thanks and best regards,
Kazi Waliar RASHID
General Manager
Al-Fayasel Trans World Trading Group Co.
P.O. Box 20006 Safat, 13061 Kuwait
Tel: +***/2490130
Cell: +***
Fax:+***/2440079
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