India's Fact modifies details of tender to buy 15-15-15

Indian fertilizer importer Fact has adjusted the quantities and arrival dates under its reissued tender to buy NPK 15-15-15.

The company had sought two 20,000t cargoes of 15-15-15, with a tolerance of plus or minus 10pc of the respective quantities.

Under its adjusted terms, Fact will accept 18,000-25,000t lots, inclusive of quantity tolerances.

The firm is now seeking arrival at discharge ports on or before 10 November. It had previously sought arrivals on 15-31 October, before adjusting the terms to on or before 31 October.

All other terms are unchanged, including destination ports — Fact is requesting one cargo to be delivered to Kakinada and the other to Tuticorin, both on India's east coast.

The reissued tender closes on 29 August.

Fact received no offers against its initial tender, which closed on 9 August.

By David Maher