Tender: No.: KPC-23-35
Invitation for Sale of Methanol
Dear All;
Please be informed that, KPC (Khark Petrochemical Co) is willing to sell a Spot Methanol to China as per following terms and conditions. You are kindly requested to complete the following form and send only to tender@khipc.com.
Should you have any further inquiries, please feel free to contact us via email s.shahbakhsh@khipc.com or via the under sign +98 21 26132171
Market China
Quantity 40,000 MT +/-10% at Seller’s option
Quality As per KPC guaranteed Specifications
Delivery Term CFR China
Shipment Time During End of November/Early December 2023
Payment Terms 10 % by CASH within two days after issuance of PI and 90% remained before vessel Arrival/berthing in USD,Euro or AED to a nominated account out of Iran
NOTE: if sales committee decide to make any changes on payment terms, it can be applied to above terms.
Loading Port Kharg Island
Discharge Port China Main Ports (South & Mid China )
Inspection The Seller"s appoint his own inspector (IEI) at load port. If not accepted Buyer can assign any other international reputed Inspector other than IEI at his own costs and expenses.
Pricing Formula
Pricing : CFR China =C X α
C =Average of mid-point of METHANOL spot prices CFR China in USD/MT quoted by ICIS SPECIFIC ORIGIN pricing (Methanol–Asia Pacific) publication under heading “SPOT PRICES” and Platt’s Asian Petrochemical scan publication under heading “Aromatics””.
3 issue will be taken for each Publication as per bellow :
Quotations to be applied shall be the average of the following published quotes: (1) the quote published one week before the week of the BL at loading port, (2) the quote published during the week of BL at loading port, (3) the quote published one week after the week of the BL date at loading port.
Alpha is to be submitted by bidder.
Validity This Tender will be valid till end of Sunday 29-10-2023, offers received after the due time would be discarded. Your proposal shall remain valid until Wednesday 01-11-2023 (COB Tehran Time) for our verification and obtaining board approvals.
Note
• Offers with incomplete information will not be deemed eligible for consideration.
• Participants shall complete the company registration in KPC sales system through following link: https://khargpetrochemical.ir/index.aspx?&siteid=2&&siteid=1&pageid=260
• KPC reserves the right to scrap the tender with no reasoning.
• KPC reserves the right to accept or reject the offers provided by bidders
• Week is defined to run from Monday to Sunday.
METHANOL
PRODUCT AT KHARG PETROCHEMICAL COMPANY
TEST ASTM METHOD RESULTS
1- PURITY WT% MIN. ASTM E-346 99.85
2- WATER WT%. MAX. ASTM E-1064 0.1
3-ACETONE & ALDEHYDE WT% MAX. ASTM D-1612 0.003
4-ETHANOL WT% MAX. ASTM E-346 0.004
5- SP.GR @ 20/20°C MAX. ASTM D-4052 0.7928
6- ACETONE WT% MAX. ASTM E-346 0.002
7-PERMANGANATE TIME ASTM D-1363 GREATER THAN 60 MIN
8-NON VOLATILE MATTER ASTM D-1353 LESS THAN 8mg /1000ML
9-DISTILATION RANGE °C ASTM D-1078 NOT MORE THAN 1°C AND SHALL INCLUDE 64.6°C+ 0.1°C
10-COLOR PT-Co Scale MAX. ASTM D-1209 5
11-CARBONIZABLE MAX. ASTM E-346 30
12-PH MAX ASTM D-1293 7.5
13-IRON PPM MAX. ASTM D-1068 0.1
14-CHLORIDE PPM MAX. ASTM D-512 0.2
15-APPEARANCE ____- CLEAR AND FREE FROM SUSPENDED MATTER
16-ODOR ASTM D-1296 CHARACTERISTIC NONRESIDUAL
17-MISCIBILITY ASTM D-1722 PASSES TEST
18-ACIDITY AS CH3COOH% MAX. ASTM D-1613 0.003
19-ALKALINITY AS NH3% MAX. ASTM D-1614 0.003
20-HYDROCARBONS ASTM D-1722 PASSES TEST
21-SULFUR PPM MAX ASTM D-5623 0.2
22-TMA PPb MAX ASTM E-346 50
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