India’s STC seeks global bids for urea delivery

28 March 2008 17:29  [Source: ICIS news]

NEW DELHI (ICIS news)--The State Trading Corporation of India Limited (STC) is seeking global bids for the supply of an unspecified amount of urea for delivery during April 2008-March 2009, the body said on Friday.

 

Prospective bidders could specify the minimum order quantity that would be acceptable to them, it added.

 

The selected bidders would have to ship cargo in a parcel size of 25,000-40,000 tonnes plus minus 10% at the option of STC, the agency said.

 

The last date for the submission of bids was 7 April, it said.

 

STC said the prospective bidders should submit offers “at a discount” on a “fair market price” on a FOBT (free on board trimmed) basis.

 

The company has entered the global market after a gap of a few years for the purchase of fertilizer under the government account. Another state trading house, MMTC Limited, has been regularly importing urea on behalf of government for the last few years.                                  

ICIS Copyright © Reed Business Information 2009

Author: Naresh Minocha
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