Commodity: Indonesia Steam Coal Kcal: GCV ADB 4900-6800 kcal/kg Supply Ability: 50.000 MT/ month up to 300.000 MT/Month Port of loading: South Kalimantan or East Kalimantan Price Guarantee: Price held firm for 3 month (excluding government increases in taxes). Delivery Schedule: According to mutual agreement Term of Payment: We accept payment through: -100% Irrevocable, Confirmed, Non-Transferible, Documentary Letter of Credit at sight or -100% Stand buy Letter of Credit or -100% Bank Guarantee We issued 2% Performance Bond after receiving some or above payments. PROCEDURE: 1. Buyer sends Letter of Intent LOI; 2. Seller issued FCO in favor of the buyer; 3. Buyer issued ICPO with soft probe permission according Seller conditions written in FCO; 4. Seller verifies Buyer ICPO through Seller Bank and sends NCNDA and IMFPA. 5. Buyer signs and seals NCNDA and IMFPA and return to Seller; 6. Seller would release draft contract to Buyer. 7. Contract negotiation begins over emails between Buyer and Seller; 8. Final draft contract sign electronically by both sides - Buyer and Seller; 9. Mine site visit would be arrange within 1-2 days after the final contract is signed and sealed if requested by the end buyer; 10. Within seven (7) banking days the Buyers bank sends the non-operative, non-transferable Documentary Letter of Credit; 11. Within seven (7) banking days Seller would provide 2% performance bond which would automatically activate the DL/C. 12. Delivery and shipment commence as per schedule mutually agreed in the contract. We are waiting for your ICPO with soft probe permission
Coal.
