COMMODITY: UREA N 46% GRANULAR REFERENCE PLATTS PRICE: FOB - REF. PLATTS MINUS $120 per tonne CIF - PLATTS MINUS $90 per tonne CONTRACT QUANTITY: From 25,000 to 100,000 tonnes / month CONTRACT DURATION: SPOT trade or ROLLING CONTRACT TOTAL QUANTITY: Annually max. One million and two hundred Thousand (1,200,000) metric tonnes 5% PACKAGING: 1000kg bags / 50kg bags / bulk (TBC by Buyer for each shipment) PAYMENT TERMS: 100% DLC (MT700) subject to T&C, Confirmed, Irrevocable, non-Transferrable PBG: 2% - Mutual Performance Bond DELIVERY DATE: Thirty (30) days after confirmation of Contract INCO TERMS: FOB or CIF - INCOTERMS 2010