Term Sheet For Plastic Tubing For Shopping Bag Production
Contract Code: 234-001-003-26-303A
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Attribute |
Value |
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Product |
Plastic tubing suitable for manufacture of shopping bags in multiple colors (black, orange and blue) with surface treatment to enable printing. |
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Quantity |
500 kg/Month (or as modified by mutual agreement) |
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Purpose |
Production of plastic bags (after sealing, cutting and punching) |
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Variety |
Plastic tube rolls for shopping bags |
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Delivery Type/Form |
Rolls of blown plastic tubing |
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Freshness |
Product must be free of defects and must have been produced to specification no more than 15 days prior to delivery.
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Delivery Frequency |
Monthly |
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Delivery Start |
Within 2 weeks of Contract Agreement |
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Contract Duration |
12 Months |
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Delivery Day |
Saturdays (or other days by mutual agreement) |
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Delivery Location |
Aba, Abia State
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Pricing Terms |
Pricing from vendor shall be all-inclusive to cover ALL charges including transportation & delivery to specified location. However, BUYER shall be responsible for off-loading of produce from delivery vehicle at the delivery location. |
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In-Transit Handling |
Vendor shall ensure that the plastic tube rolls are delivered free from contamination or exposure to deleterious substances or environmental influences. |
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Acceptance Terms |
Buyer may issue a purchase order in favor of vendor, backed by a bank guarantee. Any defective product shall be excluded from the final tally for payment. |
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Credit Terms |
Vendor shall not extend credit to buyer for items ordered. Conversely, buyer shall not prepay for products prior to inspection and verification at the delivery location. |
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Inspection & Visitation Terms |
Vendor may elect to visit (or assign a designee to visit) buyer’s facilities to ensure that the operation utilizing the product is indeed in existence. Similarly, buyer may request to visit vendor’s facility to ascertain the availability and viability of the product being requested. |
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Payment Terms |
Vendor is to be paid immediately upon offloading & weighing at the delivery point. The amount due shall be determined by the product of the verified amount delivered (using a suitable scale on the premises) and the price per kilogram pre-specified and agreed to, as part of this agreement.
Payment may be by cash or bank transfer to vendor’s account while vendor (or representative) is present at the point and time of delivery.
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Delays, Contingencies |
In the event that vendor is unable to supply products at a pre-agreed time, buyer may, at his absolute discretion, cancel that particular delivery to ensure stability and continuity in buyer’s manufacturing operation. In that event, vendor will be able to resume delivery at the next agreed delivery period. |
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Suspension Or Termination |
In the event that any circumstances, business considerations, or external factors force, require, or advice the reduction, suspension, or termination of buyer’s manufacturing operations, buyer reserves the right to suspend or terminate the supply agreement with 15 days’ notice. |
How To Submit A Bid:
Interested and qualified candidates should submit their bid and cover letter to: