STC Seeks 95,000 MT of LPG: Bids for Supply Open Now

The State Trading Corporation (STC) has announced its intention to purchase 95,000 metric tons of Unstabilized Pressurized Liquid Petroleum Gas Mix for the period from November 1, 2024, to October 31, 2025. This followed the corporation’s acquisition of 80,000 metric tons of LPG from OQ Trading Limited during the 2022-2023 financial year.

For the upcoming cargo of this non-odorized liquefied petroleum gas mixture, STC is seeking to receive shipments in lots ranging from 5,000 to 6,000 metric tons, with a delivery rate of two consignments per month.

From November to December 2024, deliveries will be made in lots of 5,000 to 6,000 metric tons ± 5% at STC’s option.

STC may receive one or two consignments every month, with cargo sizes ranging between 5,000 and 6,000 metric tons ± 5% at STC’s option.

From January to October 2025, deliveries will be made in lots of 9,000 to 12,000 metric tons ± 5% at STC’s option.

STC may receive one consignment every 45 days, with cargo sizes ranging between 9,000 and 12,000 metric tons ± 5% at STC’s option.

According to the international tender document released by STC, bidders must indicate a premium per ton in US dollars covering all delivery-related costs on-site.

The DAP Port Louis Price will be based on the Saudi Contract Price (CP) for Butane valid for the month of delivery.

The premium will remain fixed for the entire supply period and the bidder will not be entitled to claim any increase in the premium for any reason whatsoever.

In case a vessel arrives outside the agreed laycan and reaches the discharge port in the following month, the applicable Saudi Contract Price (CP) for butane will be either that of the month of the agreed laycan or the month in which the Notice of Readiness (NOR) is tendered, whichever is lower.

If a supplier delivers contaminated or non-conforming products, they will be required to take back the products at their own expense within a seven-day period.

The supplier must also clean any installations in Mauritius that may have been contaminated at their own expense.

In case of force majeure, the supplier must notify STC promptly. They may also reduce the quantity of products they wish to take if an event of force majeure occurs, without incurring any liability towards the supplier or breach of contract.

It is noted that if an event of force majeure occurs, STC must also notify the supplier in writing that an event may question the delivery of goods within the prescribed timeframe.

The STC will designate a supplier for this new LPG cargo next August.

Source: Le Mauricien