The Sudan Cotton Co. ltd.
The Sudan Cotton Co. ltd.
THE S.C.C.L. INVITES BIDS FOR THE PURCHASE OF ACALA COTTON ---/--- CROP ON THE FOLLOWING TERMS AND CONDITIONS IN ADDITION TO THOSE STIPULATED IN THE UNIFIED CONTRACT OF SALE :-
(1) ITEM LIST AS BELOW :
(A) GEZIRA ACALA ( SG ) :
ITEM NO. GRADE BALES
1 1SG --
2 2SG --
3 3SG --
TOTAL ---
(B) GIRBA ACALA ( SG ) :
4 1SG --
5 2SG --
6 3SG --
TOTAL --
G. TOTAL --
(2) BIDS SHOULD BE MADE FOR EACH ITEM SEPARATELY AND FOR ANY QUANTITY OF THE ITEM.
(3) BIDS SHOULD BE EXPRESSED IN U.S. CENTS/LB. FOB NET PORT SUDAN (LINER TERMS) AND THE SELLERS HAVE THE OPTION TO CLAIM THE INVOICE VALUE IN EURO , OR ANY OTHER CURRENCY ACCEPTABLE TO BANK OF SUDAN , AT TIME OF SETTLEMENT WHENEVER NEEDED .
(4) METHOD OF PAYMENT:
BY SIGHT IRREVOCABLE L/C TO BE OPENED WITH FIRST CLASS INTERNATIONAL BANK WITHIN 15 DAYS ( FIFTEEN DAYS ) FROM THE DATE OF CONFIRMATION OF BUSINESS). THE L/C SHOULD BE PAYABLE AT TIME OF SHIPMENT AGAINST SHIPPING DOCUMENTS OR LATEST AT 30/6/2011 AGAINST WAREHOUSE CERTIFICATES AND/OR DELIVERY ORDERS AND PROVISIONAL INVOICES. THE L/C SHOULD REMAIN VALID UPTO --/--/-- .
(5) IN CASE OF BUYER’S FAILURE TO OPEN THE L/C AS STATED IN PARA (4) WITHIN THE SPECIFIED PERIOD, SELLER WILL HAVE THE RIGHT TO CANCEL THE DEAL/DEALS WITHOUT RECOURSE TO THE BUYER AND THE SELLER RESERVES THE RIGHT TO CLAIM COMPENSATION FOR ANY CONSEQUENT LOSSES AND/OR DAMAGES INCURRED.
(6) DELIVERY : MARCH / JUNE -- B.O.
(7) STORAGE FEES :
FOR ALL COTTON PAID FOR AND REMAINING UNSHIPPED AFTER --/--/-- A STORAGE FEE AT THE RATE OF ½% (ONE HALF OF ONE PERCENT) PER MONTH PRORATA WILL BE LEVIED AS FROM --/--/-- TILL DATE OF SHIPMENT. INSURANCE FOR COTTON REMAINING UNSHIPPED AFTER CUT-OFF DATE SHOULD BE ARRANGED BY BUYERS.
(8) WEIGHTS : CAN EITHER BE :
(1) CERTIFIED LANDED WEIGHTS
OR
(2) CERTIFIED SHIPPING WEIGHTS
(9) NO ARBITRATION ON DISCOLOURATION WILL BE ACCEPTED.
(10) THE SCCL DIRECTOR GENERAL (D/G) RESERVES THE RIGHT TO ACCEPT ALL/PART OR NONE OF ANY BID SUBMITTED AND HE IS NOT BOUND TO ACCEPT THE HIGHEST OR ANY OTHER BID.
(11) THE SCCL (D/G) HAS THE FULL RIGHT TO IMPOSE ON SUCCESSFUL BIDDERS WHENEVER NEEDED, SECURITY BOND OF 40 ( FORTY ) US DOLLARS PER BALE TO BE PAID WITHIN 10 DAYS FROM CONFIRMATION OF BUSINESS TO BE DEDUCTED FROM INVOICE AND/OR INVOICES VALUE . THE SECURITY BOND SHOULD BE IN THE FORM OF SWIFT TRANSFER (S/T) .
(12) THE SCCL DIRECTOR GENERAL RESERVES THE RIGHT TO REFUSE NEW SALES TO BUYERS WHO FAILED TO HONOUR THEIR PREVIOUS COMMITMENTS IN CONFORMITY WITH THE ADOPTED POLICIES AND TERMS AND CONDITIONS OF THE RELEVANT TENDER AND/OR TENDERS.
(13) BIDS SHOULD BE MADE DIRECTLY TO SCCL REPEAT DIRECTLY TO S.C.C.L. FAX NO. 770703 OR E.MAIL SCCL@SUDANMAIL.NET.SD LATEST DAY --/--/2011 (00.00 ) HRS P.M. ( S.L.T.) AND SHOULD REMAIN VALID UPTO DAY --/--/-- .
(14) ALL OTHER TERMS & CONDITIONS AS USUAL .