KARACHI: Trading Corporation of Pakistan (TCP), in response to its international tender floated on April 18, has awarded import contract for a quantity of 100,000 metric ton urea at $ 522.86 per metric ton (PMT) C&F, to the lowest bidder M/s. Gavilon Fertilizer LLC, USA.

According to TCP here Monday, 14 bids received in the tender and all were found responsive in terms of prescribed evaluation criteria.

The prices quoted in the tender ranged from $ 522.86 per metric ton to $ 549.00 per metric ton (C&F). M/s. Gavilon Fertilizer LLC, offered the lowest price of $ 522.86 for 100,000 metric ton. As the offer conformed to all technical specifications and was the lowest, the contract was awarded, to the lowest bidder for a total quantity of 100,000 metric ton.

TCP is importing urea in pursuance of the directive of ECC of the Cabinet to avert any shortage and ensure smooth availability of urea fertilizer to the farmers in the current Kharif-2012.

As per tender terms and conditions shipments of the urea procured against this tender would start soon after opening the L/C.