Trading Corporation of Pakistan (TCP) awards Urea Contract
Posted by Labels: Fertilizer, Import, Pakistan, UreaTCP awards import contracts for 250,000 metric tonnes urea
Trading Corporation of Pakistan (TCP), in response to its international Gallop Tender Notice floated on January 11, 2012, awarded import contracts for a total of 250,000 Metric Tonnes (MTs) of Urea at $431.45 per metric tonne (PMT) C&F, to four different responsive bidders on the lowest bid price basis.
13 bidders participated in the tender and quoted prices ranged from $431.45 to $448.14 PMT (C&F). Eleven (11) bids were found responsive in terms of prescribed evaluation criteria. M/s. CHS Europe offered the lowest price of $431.45 PMT C&F for 50,000 MT which was accepted and the contract was awarded to them accordingly.
To complete the procurement of total targeted quantity of 250,000 MT Urea, the import contracts for balance quantity were awarded to three other bidders, who had quoted higher rates but agreed to match the lowest bid price of $431.45 PMT C&F.
They are M/s. Dreymoor Fertiliser Pte Ltd. Singapore, for 100,000 MT, M/s. Incitec Pivot Ltd. Australia and M/s. Globle Energy and Commodity Exchange, Italy for 50,000 MT, each. Permission to seek matching of the lowest price had been provided by the competent authority with a view to ensuring earliest arrival of imported urea in the country to cater for Rabi 2011-12.
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