The Trading Corporation of Pakistan (TCP), in a tender opened on Friday, awarded contract for import of 50,000 tons of urea at $419.39 per ton including cost and freight to the lowest bidder, Key Trade AG Switzerland.
According to a press release issued by the TCP, nine bids were received in response to the tender floated on July 13. The prices were quoted in the range of $419.39 to $447.39 per ton. Key Trade offered the lowest price of $419.39 per ton for 50,000 tons while conforming to technical specifications and terms and conditions of the tender.
Keeping in view the competitiveness and consonance of the price with international prices of urea, the offer was accepted and the contract was awarded to the lowest bidder, the TCP said. With the award of the tender, the TCP said it had completed procurement of the targeted quantity of 300,000 tons, given by the government, for the current Kharif sowing season.
According to the TCP, out of the earlier contracted quantity of 250,000 tons, around 110,000 tons have arrived and delivered to the National Fertiliser Marketing Limited (NFML). The rest of the shipments of the imported urea are in the pipeline.
Published in The Express Tribune, July 28th, 2012.
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