commodity: urea n46 prilled origin: middle east at seller's option quantity: 1,100,000 metric tons specifications: quality: nitrogen: 46% min moisture: 0. 50% max biuret: 1% max granulation: 1-4 90% min melting point: 132deg c color: pure white prilled treated against caking shipment: 75,000mt - 100,000 mt per month for 11 months or as agreed between the buyer and the seller. Price: usd 80. 00 fob packing: in 50kg bags inspection: by sgs or equivalent at port of loading at seller's cost. Payment: by documentary, transferable, revolving letter of credit issued and confirmed by a prime world bank. Performance bond: 2% issued by seller's bank. Shipment: within 20-45 days after financial instrument is in place at seller's bank. Thereafter shipments of 100,000mt per month procedures: 1. Seller issues fco (this document). 2. Buyer accepts fco by signing & returning it and issueing loi. 3. Seller issues draft contract to buyer for his approval. 4. Upon approval of the draft contract by the buyer, seller issues final contract to buyer for signing, stamping and sealing. 5. Buyer signs, stamps and seals contract and returns it to seller for his signature, stamping and sealing. 6. Hard copies of contract are exchanged between buyer and seller. 7. Buyers issue bcl or other acceptable format finance letter. 8. Buyers bank & sellers bank communicate directly to verify format and issuance of revolving letter of credit, performance bond and proof of product within 7 banking days of execution of contract. 9. Once the banks are in agreement, they issue respective letters of credit and performance bonds thereby effecting the contract of sale. 10. Shipments begin according to contract and continue until fully contracted quantity is shipped and delivered. This full corporate offer is valid for 4 (four) international banking days from the date of issue. After the expiry date the fco is null and void and of no legal or other value.