Quantcast
Saturday , August 19 2017
Breaking News
Home / TCP, TDAP, EPB / TCP awards tender for import of 75,000MT Urea
TCP awards tender for import of 75,000MT Urea

TCP awards tender for import of 75,000MT Urea

KARACHI: Despite being self-sufficient in Urea production, Pakistan has to import the fertilizer primarily because of acute shortage of natural gas in the country.

Consequently the Trading Corporation of Pakistan (TCP), in response to its tender opened on 22-07-2013 has awarded contract for import of 75,000 metric tonnes (MTs) of Urea to the lowest bidder M/s. Swiss Singapore Overseas Enterprises PTC at US$ 317.00 per metric tonne (PMT) C&F.

The tender was floated on 10-07-2013. Overall 13 bids were received, out of which 12 were found responsive in terms of prescribed evaluation criteria. The prices quoted in the tender ranged from US$317.00 to US$ 338.87 PMT (C&F). M/s. Swiss Singapore Overseas Enterprises PTC offered the lowest price of US$317.00 C&F for 75,000 MT, conforming to technical specifications and terms and conditions of the tender. Keeping in view the competitiveness and consonance of the price viz-a-viz the international price of Urea, the offer was accepted and the contract was awarded to the lowest bidder accordingly.

The TCP is importing 300,000 MT Urea in pursuance of the decision of the ECC of the Cabinet. A fresh tender for the balance quantity is being issued separately, to complete the total targeted quantity.