India’s MMTC solicits global bids for urea imports

21 August 2007 17:51  [Source: ICIS news]

NEW DELHI (ICIS news)--India’s state trading house MMTC Limited said on Tuesday that the prospective suppliers of urea would have to ship the offered quantities during September-mid-October at any Indian port excluding Mundra in Gujarat and Haldia and Kolkata ports in West Bengal.

 

“Preference will be given for earlier shipments subject to price competitiveness,” the company added.

 

The state trading house MMTC on Tuesday, made public its tender document dated 17 August, soliciting bids from overseas companies for unspecified amount of urea on Indian government’s account.

 

The last date for submission of bids is 24 August. The bidders would have to keep their offers valid till 31 August.

 

MMTC said that the winning bidders would have to give it and the Chief Controller of Chartering (CCC), Ministry of Shipping & Transport, a firm schedule showing quantities available and the dates from which they would be available in each month.

 

“Sellers shall make available a minimum of 15,000 tonnes of fertilizer 5% more or less at the buyer’s option at a time to enable the buyer to charter the vessel. The buyer/ CCC have also the option to call the additional parcel of ¾,000

to enable them to charter full loaders (subject to approval of MMTC),” it added.

 

MMTC Limited proposes to purchase prilled urea (bulk) 46% nitrogen minimum (fertilizer grade) on FOBT (free on board trimmed)/C&FFO (credit & freight free out) basis.

By: Naresh Minocha
+65 6780 4359

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