Tender: No.: KPC-24-51
Invitation for Sale of Methanol
Dear All;
Please be informed that, KPC (Khark Petrochemical Co) is willing to sell a Spot Methanol FOB basis 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
Quantity 20,000 MT+/-10% at Seller’s option
Quality As per KPC guaranteed Specifications
Delivery Term Fob Kharg Island
Shipment Time During 2nd Half March or 1st Half April 2024
Payment Terms 20 % by CASH within two days after issuance of PI and 80% remained before vessel Arrival at Loading Port/berthing in 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
Inspection The Seller"s appoint his own inspector (IEI) at load port. The Buyer has the option to appoint an alternative inspector at their own expense,subject to the sellers approval.
Pricing Formula
Price : FOB kharg =C X alpha –FreightUSD/MT
C =Average of mid-point of METHANOL spot prices CFR India in USD/MT quoted by ICIS pricing (Methanol–Asia Pacific) publication under heading “SPOT PRICES” and Platt’s Asian Petrochemical scan publication under heading “Aromatics”” .
*2 issues 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during the week of BL at loading port.-In case that mentioned publications are not published or are not available, the unpublished quote shall be omitted.
-Alpha and Freight to be submitted by bidder.
Validity This Tender will be valid till Sunday 25-02-2024, offers received after the due time would be discarded. Your proposal shall remain valid until Wednesday 28-02-2024 (COB Tehran Time) for our verification.
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=2&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.
• The nominated vessel shall be confirmed by Seller
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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