Sell Urea 46

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UREA 46 SPECIAL OFFER
NOVEMBER, 2004
THIS OFFER IMMEDIATELY SUBSTITUTES THE OCTOBER SPECIAL OFFER
Any deal that initiated during October but did not conclude as required in that Offer is to be considered under this new offer.
This Special Offer is valid for draft contracts ACCEPTED BEFORE NOVEMBER 15 and whose LC/PB is activated during the month of November, 2004

After the World Price Increases
WE CONTINUE TO BE THE LOWEST IN THE MARKET

UREA 46  ANY AMOUNT $109 OR LESS
CIF ASWP

Base Price:
25000 - $109
50000 - $107
100000 - $105
200000 - $102
300000 - $100
500000 -$ 99

Buyer side commissions not included.
Specifications, terms and conditions below.
If Transferable LC is used:
Option 1N: Cost: Basic price. Agent commissions shall not exceed $3 MT.
Example: 100,000 MT @ $105 + $3 commission = $108 final price to customer. Commissions paid by Sellers bank with FPA.
Option 2N: Cost: If the commission were to exceed $3, any amount over the basic price is to be shared 50/50. We will cover the additional cost of the PB. Commissions paid by Sellers bank with FPA.
Example: 100,000 MT @ $105 + $20 overprice = $125 cost to client. Total commission $10 (50% of $20 overprice)
(We reserve the right not to accept this option)

Option 3: For Non-transferable or transferred LC add $2 to the base price with no commission or final price limit.
Example: Following the past example where the final price you set is $125. 100,000 MT @ $105 + $2 Transferred LC fee = $107 cost. Commissions: $125 - $107 = $18. Commissions retained by you. We cover PB for $107. You cover the rest.

COMMISSION PROTECTION: An irrevocable commitment to instruct the paying bank to remit to the payees listed in the Fee Protection Agreements to the bank coordinates therein described, all entitlements under the pay order by shipment for the entire transaction named therein and extensions, rollovers, or negotiated transactions leading to new contracts by and between Buyer/Buyer Mandate and Seller/Seller Mandate.

SPECIAL OFFER ONLY FOR ORDERS CLOSED DURING NOVEMBER 2004

25000 MT minimum order.

ORIGIN: Russian Federation, Ukraine, CIS countries

PAYMENT TERMS : Banking Instrument issued and or confirmed by a top 25 prime Western World bank acceptable to the Seller. Confirmation through a third party bank is at buyers cost. The Letter of Credit will be a fully funded, irrevocable, transferable or non-transferable, divisible, unencumbered, payable 100% at sight Documentary Letter of Credit, payable at the counter of the sellers bank and must be acceptable to the seller to cover all shipments on a revolving basis to be activated by a 2% Performance Bond activated by the Seller, the LC to be negotiated with shipment documents.
For NON -transferable or transferred LC, add $2 to the base price with no commission or final price limit.
REQUIREMENTS: Send LOI/BCL to receive FCO.


NON NEGOTIABLE CONDITIONS: Please check
 LC must be issued or confirmed by a top 25 Western World Bank at buyers cost.
 LC to be negotiated without delay with shipping documents.
 Performance Bond shall not exceed 2% of shipment cost in any case.
 Performance bond to be opened after non-operative LC.
 Activation of performance bond activates LC.
 Inspection by SGS or similar at Sellers cost.
No deviations from these policies will be entertained.

Please, initiate the purchase process ONLY if you agree with the non-negotiable conditions.

PROCEDURE :

1. SELLER ISSUE DRAFT CONTRACT IN FAVOR OF THE BUYER
2. BUYER RETURNS THE DRAFT CONTRACT TO THE SELLER, VIA FAX OR EMAIL, DULY SIGNED AND SEALED WITHIN 5 DAYS OF RECEIPT. ALL CHANGES MUST BE MADE AT THE SAME TIME.
3. SELLER REVIEWS AND CONFIRMS ANY CHANGES MADE IN DRAFT CONTRACT, IF AGREED SELLER ISSUES FINAL CONTRACT
4. BUYER RETURNS FINAL CONTRACT TO THE SELLER, VIA FAX OR EMAIL, DULY SIGNED AND SEALED WITHIN 5 DAYS OF RECEIPT. ALONG WITH THE DRAFT CONTRACT THE BUYER WILL SEND THE DRAFT COPY OF THE PROPOSED TEXT OF THE LETTER OF CREDIT. FOR SELLERS APPROVAL.
5. BUYERS BANK ISSUES NON OPERATIVE, CONFIRMED LETTER OF CREDIT TO SELLERS BANK
6. SELLER ISSUES 2% PB IN THE FORM OF A STANDBY LETTER OF GUARANTEE/CREDIT
7. ACTIVATION OF THE PB AUTOMATICALLY ACTIVALES LC.
8. DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY AGREED.
Condition of Goods
new
Lead Time from Order to Shipment
30/45 days
Minimum Order Quantity
25.000 mt
Terms of Payment
L/C at sight
Terms of Sale
CIF ASWP