FOB (Free On Board): A term in international trade indicating that the seller is responsible for the goods until they are loaded onto the ship. After loading, all responsibilities and costs are transferred to the buyer. — Documents Required for Obtaining Ship LAYCAN Documents Required from the Seller: 1. Q88: A form containing information about the ship. 2. CPA (Charter Party Agreement): An agreement outlining the terms of the ship’s charter. 3....Continue Reading
Prices:In Egypt, price increases have been observed ahead of the Indian tender. On December 13, sales were made at an FOB price of $384 per ton, but by the end of the week, this had risen to $393 per ton. This price has not yet reached the peak for 2024, which was $410 per ton FOB. Algeria has also experienced price increases, reaching a lower range of $390 per ton...Continue Reading
Urea (CO(NH₂)₂) is a widely used chemical compound with significant applications in agriculture and various industries. Urea types are categorized by purity, particle size, and production method. Below are some common types and their applications: Granular Urea: The most prevalent form, produced as small granules. Its ease of handling and storage makes it suitable for agricultural nitrogen fertilization. Prilled Urea: Smaller particles than granular urea, leading to faster plant uptake...Continue Reading
NOR stands for “Notice of Readiness.” This term is used in the shipping industry and international trade to signify the moment when a vessel arrives at the port and is ready to load or discharge cargo. This notification informs the employer or contracting party that the ship is prepared to commence loading or unloading operations. Relationship Between NOR and Other Terms 1. CPA (Charter Party Agreement): • CPA, or “Charter...Continue Reading
Dear colleagueI hope this message finds you well. We would like to inform you that we have 46% granular urea available in the UAE. The product is packaged in 50-kilogram bags and is prepared in Oman.* The purchasing process is as follows: Submission of Letter of Intent (LOI) Warehouse inspection Delivery and payment The price is set at $357, which includes a brokerage fee. For further details, please visit our...Continue Reading
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