Product Description

Urea 46%: Urea 46% - agriculture purpose Prices: 25,000 MT/year $150/MT CIF 50,000 MT/year $144/MT CIF 100,000 MT/year $159/MT CIF 300,000 MT/year $154/MT CIF Specifications: Nitrogen: 46 % min. Agricultural grade. Moisture: 0.5 % max. By method of drying Free ammonia:160 pxt, ppm max. Biuret: 1.0 % max. Colour: standard white or pure white, prilled Free flowing:100 % anti-caking treated Melting point:132 degrees celsius Granulation:1 - 4 mm min.90% Physical: free from harmful substances internationally accepted standard for urea - 46% Biuret: 1.0 % max. Prill: 95% max. Radiation: non- radioactive Non-clotted: Free from harmful substances Packaging:50 kilo bags, with 2% extra bags. Payment terms: Payment for quantities of 25,000 MT or 50,000 MT: Payment must be by standby letter of credit (sblc) or bank guarantee (bg) for full contract amount. The financial instrument remains in the buyer\'\'s possession, the instrument is deposited in a blocked safe keeping account (ska), and remains in the account until the last shipment has been loaded and the seller has presented the proper documentation to the bank. See below, payment terms for quantities of 100,000 MT and greater/year, for more detail on the blocked ska. Payment terms for quantities of 100,000 MT and greater/year: Payment for the first 4 to 8 months (depending upon the number of shipments required for a specific yearly amount) can be by monthly wire transfers, monthly lc, or by revolving letter of credit, whichever is best for the buyer. Payment for the last four months must be by a sblc or BG equal to 4 months\'\' shipments. Buyer\'\'s financial instrument remains in the buyer\'\'s possession, buyer Deposits it in a blocked safe keeping account (ska) at a western European branch of a world top 25 bank. The sblc or BG remains in the buyer\'\'s blocked ska account for 12+ months. Funds can be withdrawn only upon presentation by seller of the proper documentation as described in the contract between buyer and seller and required by the performance bond. Financial instruments must be irrevocable, non documentary, assignable, and 100% available. Proof of product is issued only after the buyer\'\'s pre-advise has been received - see below. The sequence of documents and events is as follows: Buyer - issues letter of intent (loi) and bank comfort letter (bcl) according to the seller\'\'s format (a template with the acceptable wording for both documents will be provided). Seller - issues a contract. Buyer - signs contract and returns it to seller Seller - signs contract and issues buyer a copy. Buyer - buyer\'\'s bank issues a pre-advise for a 4 month sblc or BG, for seller\'\'s approval Seller - approves the wording of the financial instrument Buyer - buyer\'\'s bank issues a swift MT 760 to seller\'\'s bank indicating that the sblc or BG is on deposit in safekeeping for the seller Seller - issues a 2% performance bond from one of the world\'\'s top 25 banks. Seller - issues proof of product (pop). Urea is loaded within 45 to 60 days of operative sblc or BG.