India's FACT issues fresh ammonia tender as it chases July cargo

24 June 2013 13:54  [Source: ICIS news]

LONDON (ICIS)--India's Fertilisers and Chemicals Travancore (FACT) has issued its fifth ammonia tender of 2013 as it looks to secure a 7,000-tonne cargo to arrive in the first half of July, market sources said on Monday.

Under the terms of the tender, the ammonia parcel must be delivered to the west coast port of Kochi - formerly Cochin - between 8 and 14 July. The tender is scheduled to close at 14:30 local time on 27 June.

In late May, a similar tender by FACT for 8,400 tonnes of ammonia was awarded to Indian trader CIFC at $576/tonne (€438/tonne) CFR (cost and freight).

That cargo of Iranian ammonia was delivered on LPG tanker the Gas Cat on 14 June.

($1 = €0.76)

By: Richard Ewing
+44 208 652 3214

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