LIST PRICE FERTILIZER UREA 46% – OCTOBER - 2010

 COMMISION US$2/MT

UREA PRILLED AND GRANULAR

Total Volume	Monthly	PRILLED	GRANULAR
Over 12 Months	Shipments	In US Dollars	In US Dollars
25,000 MT	01 time (SPOT)	$ 300.00	$ 310.00
50,000 MT	SPOT	$ 300.00	$ 310.00
75,000 MT	SPOT	$ 300.00	$ 310.00
150,000  MT	12,500	$ 300.00	$ 310.00
300,000  MT	25,000	$ 290.00	$ 300.00
600,000 MT	50,000	$ 280.00	$ 290.00
1,200,000 MT	100,000	$ 260.00	$ 270.00
1,800,000 MT	150,000	$ 240.00	$ 250.00
2,400,000 MT	200,000	$ 235.00	$ 245.00
3,600,000 MT	300,000	$ 225.00	$ 235.00
4,800,000 MT	400,000	$ 215.00	$ 225.00

 $10.00 less for using a BG / SLC/USANCE for part payment.

Payments forms:

By Irrevocable, Transferable Auto Revolving Letter of Credit at Value of one month shipment, guaranteed by the bank for the contract value. Payable 100% at sight against set of shipping documents. ( BL , SGS).

OR

The contract shall be secured by irrevocable BG /SBLC equal at value of 1 month shipments, valid for the period of 14 months and one (1) day from the date of issue. The buyer shall get SKR where the instrument will be lodged. The finance instrument will be returned at maturitiy day to buyer bank or cashed back by last month shipment.

OR

By Irrevocable, Transferable USANCE Letter of Credit Revolving shipment by shipment, guaranteed by the bank for the contract value. Payable after 90 days against set of shipping documents. ( BL , SGS).

NOTE:

Ø       Performance Bond cannot be more than 2%;

Ø       POP is provided Bank to Bank after receiving POF from buyers bank initially;

Ø       Pricing is based on the first year annual volumes;

Preliminary procedures:

Ø       Buyer sends LOI or ICPO with SOFT PROBRE FUNDS;

Ø       Seller’s issues sends FCO - Full Corporate Offer;

Ø       Buyer return FCO signed and seal (on each page) + BCL / RWA or MT 799;

Ø       Seller send DRAFT CONTRACT;

Ø       Buyer return DRAFT CONTRACT signed and seal (on each page);

Ø       Seller send HARD CONTRACT;

Ø       Buyer Open non operative payment instrument;

Ø       Seller send the 2% PERFORMANCE BOND which activates the payment instrument;

Ø       Shipment commences as per the terms of the contract.

Destination: CIF ASWP

Shipment: in 30/45 days and rest in every 30 days after receipt of payment instrument to the seller’s bank

Packing: 50 kg bags with polythene inner suitable for ocean transport

Inspection: SGS at loading port

PRODUCT NAME: UREA GRANULAR

GRADE: AGRICULTURA

CHEMICAL DATA	TYPICAL	GUARANTEED
Total Nitrogen, as N, Wt. %		46.0 min.
Conditioning Agent, Wt. %		0.6 max.
Biuret, Wt %		1.5 max.
Moisture, as H2O, W %		0.5 max.

PHYSICAL DATA	TYPICAL	GUARANTEED
Size Range, Tyler Mesh, Wt. % -5 / +16m	100
+5m		2.0 max.
-6 / +9m		85.0 min.
+16m		100
Tapped Bulk Density, lb/ft3
Size Guide Number (SGN):
Granular – Avg.	290
Range	270 – 300
Angle of Repose, degrees	27°