date:Sep 10, 2013
ue has been resolved or relaxed enough to enable them to make a purchase, one European trader said.
But the tender terms are still incredibly tough, with a one million euro bid bond. I do not think major trading houses will be willing to offer under such terms in the uncertain framework of sanctions.
A bid bond is a form of guarantee which tender participants must give to ensure they will deliver under the terms of their offer.
Traders have said Syria should relax its tender terms in light of