TCP awards tender to import 50,000 tons of urea

RECORDER REPORT

KARACHI: Trading Corporation of Pakistan (TCP) on Friday awarded tender for the import of 50,000 ton of urea at 419.39 dollars per ton.

TCP is importing urea on the directives of Economic Coordination Committee of the cabinet to avoid any shortage during Kharif season. A task to import 300,000 tons of urea was given to state ruin grain trader in April this year, out of which deals for the import of 250,000 tons have already singed with different parties and on Friday remaining quantity has also awarded to lowest bidder.

TCP’s urea import tender, floated on 13th of this month, opened on Thursday at head office and some nine international suppliers participated in the tender. The prices quoted in the tender ranged from 419.39 dollars to 447.39 dollars per tons (Cost and Freight).  All bids, submitted by pre-qualified suppliers, were found responsive in terms of prescribed evaluation criteria in the tender.

Key Trader Switzerland offered the lowest price of 419.39 dollars per ton (C&F) for supply of 50,000 tons and deposited a bid amount of 990,000 dollars. In additions, its bid was as per conforming to technical specifications and terms & conditions of the tender, issued by TCP. Accordingly TCP has accepted bid and contract was awarded to Key Trader being the lowest bidder.

Other bidders namely Transammonia A G Switzerland offered to supply 50,000 tons urea at 419.57 dollars per ton, Samsung C&T Corporation 426 dollars, Liven Agrichem Ltd 428 dollars per ton, Qountum 431.99 dollars per ton, Transfert FZ Corporation 432.95 dollars, Dreymoor Fertilizer Overseas PTE Ltd 437 dollars per ton, Teopfer International 439 dollars per ton and CHS Europe submitted bid for supply of 50,000 tons at 447.39 dollars per ton.

With award of this tender, TCP has completed procurement of total targeted quantity of 300,000 tons urea assigned by ECC for current Kharif-2012. Some delay was occurred in the urea import as Public Procurement Regulatory Authority (PPRA) did not allowed price matching in current urea import tender. Overall TCP has issued three tenders to finalise deals for import of 300,000 tons of urea.

Similarly, out of the earlier contracted quantity of 250,000 tons, around 110,000 tons urea has already reached Pakistan and delivered to National Fertilizer Marketing Limited (NFML), which is responsible for transportation and supply across the country.