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TOLEDO CEBU 2x8_500 SUAL CFTPP

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TOLEDO CEBU 2x8_500 SUAL CFTPP Powered By Docstoc
					March 14, 2008

MANYPLUS ENTERPRISES SDN BHD
Lot 2559 – 2560, 2nd Floor, Jalan Bulatan Prk
Bulatan Commercial Park
P.O. Box 2167, 980088 Miri
Sarawak, Malaysia
c/o Toledo Cebu International Trading Resources Corp.
10t h Floor, GT Tower International
6813 Ayala Ave. Cor. H. V. dela Costa St.
1227 Makati City
Tel. No. 818-5931/Fax No. 856-0193


Attention    :       Mr. YII MING SUNG
                     President Director

Subject      :       NOTICE OF AWARD OF CONTRACT
                     Suppl y and Delivery of 2x8,500MTs±10% Imported Steaming
                     (Blending) Coal to SUAL CFTPP for the period April to May 2008

Gentlemen:

        National Power Corporation is awarding the contract for the above
requirement in your favor at the contract price of US$130.00/MT C&F (FOB:
US$97.00/MT; Freight: US$33.00/MT) with a guaranteed GCV of 6,090 kcal/kg (GAR),
TM: 13.00% (ARB), TS: 1.00% (ADB) and Ash: 14.00% (ARB) or approximately
US DOLLARS TWO MILLION FOUR HUNDRED THIRTY ONE THOUSAND AND 00/100
(US$2,431,000.00) equivalent to approximately PHILIPPINE PESOS NINETY NINE
MILLION TWO HUNDRED THIRTEEN THOUSAND NINE HUNDRED SEVENTY TWO AND
00/100 (Php99,213,972.00) inclusive of loading tolerance with delivery schedule as
follows: (Forex Rate : P 40.812/US$)

                         VOLUME                       Delivery Schedule
                  1 x 8,500MTs +/-10%                     April 2008
                  1 x 8,500MTs +/-10%                 May to June 2008*
             * - should exert best effort to deliver the 2 nd shipment in May 2008

Manyplus Enterprise SDN BHD should send one (1) Combustion Engineer to the Plant
and make his services available during the trial burn of the cargo(es).

Kindly coordinate with the Bids and Contracts Services Department (BCSD) for the
timely preparation and finalization of the contract. Note that you are required to
submit to the BCSD within ten (10) days upon receipt of this Notice of Award th e
following:

    1. Original Letter of Authority of the signatory to the contract issued by
       Manyplus Enterprise SDN BHD to bind the company. The letter of authority
       must be authenticated by the Philippine Embassy.
NOTICE OF AWARD OF CONTRACT in favor of Manyplus Enterprises SDN BHD c/o Toledo Cebu International
Trading Resources, Corp.
Supply and Deliv ery of 2 x 8,500MTs±0% Imported Steaming Coal for Sual CFTPP from April to May 2008
Page 2 of 2



     2. A Performance Security which shall remain valid and effective for the entire
         duration of the contract and additional sixty (60) days from NPC’s
         acceptance of the coal. The Performance Security may be in any of the
         following forms:

        a. Cash, Manager’s check, irrevocable letter of credit (5% of total contract
           price); or

        b. Bank Guarantee (10% of total contract price).

            Irrevocable Letter of Credit/Bank Guarantee issued by a foreign banking
            institution acceptable to NPC shall be confirmed by a reputable local
            bank.

        c. Surety Bond issued by GSIS (30% of Total Contract Price).


Your non-submission within the prescribed time of the performance security may
indicate that you are no longer interested to accept the award.

Please indicate your conformity to this award by affixing your signature on the
space provided below and returning a copy to us.



                                                                  Very truly yours,



                                                                  CYRIL C. DEL CALLAR(SGD.)
                                                                        President

CONFORME:



                NAME: _____________________________

                DATE: _____________________________

				
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