The Trading Corporation of Pakistan (TCP) on Saturday awarded the second urea import tender of 50,000 tons to a Dubai-base supplier at a lowest price of $304.40 per ton. In pursuance of the Economic Co-ordination Committee (ECC) of the Cabinet decision to import 100,000 tons urea to meet the requirement of Kharif 2010, TCP opened second urea import tender on Saturday for the purchase of 500,000 tons of urea.
M/s. Swiss Singapore Overseas Enterprises Pte Ltd, Dubai, UAE was the lowest bidder, which offered a price of $304.40 per ton (Cost &Freight) and after examining the bidders' technical specifications TCP has awarded tender to the lowest bidder. With the award of this tender, TCP has completed its assigned task of importing 100,000 MT of urea. The shipments for this tender will start after opening of Letter of Credit (LC) as per tender terms.
TCP has claimed that the price received in this tender is strictly in accordance with the prevailing international market prices. While the first urea import tender was awarded at $311 per ton. Two vessels carrying 61,000 MT of urea under SABIC arrangement will start calling Gwadar Port from 20th April, 2010 and farmers will start receiving this urea well in time for Kharif Crop 2010.
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