Offer Details

Enquiry No. : 6102656 Osaka (Japan)

Description :Urea for BCIC in Bangladesh
My agent in Bangladesh wants to supply urea to BCIC. Each year
buyer purchases about 12,00,000 MT urea both Granular and
Prilled. Presently they will purchase 200,000 MT Prilled urea
and 100,000 MT Granular Urea. Payment is 100% at sight by
confirmed, irrevocable and non-transferable L/C for each
shipment.

Now the problem is getting the mandatory bid bond/earnest
money (US$2/MT) and 10% Performance Bond that must be
provided by every bidder in the form of bank of guarantee.
Most Urea suppliers will only offer the standard 2%-5% PB,
no more and no bid bond.
Bid Bond is a guarantee that after winning the order seller
will issue PB and if does not; loses the money. PB is high
because it has experienced by the buyer that when the price
increase more than 2%-5% in international market; seller
sacrifices this 2%-5 PB and sales urea to some where else
which produces crisis of urea within the country and hence
feminine/shortage of crops.

The challenge is now to find a Urea supplier, or indeed any
financial consultant/services provider that can package an
offer of US$2/MT bid bond,10% performance bond.

Price can be higher to cover Bid Bond and extra PB cost. I
will prepare all the documents. This is a confirm business.
Please do not hesitate to contact me for further information.