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Description

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•Commodity : Steam Coal in bulk.

•GCV ***0/.***0 Calories per Kilo. Rejection below ***0% Calorie per Kilo.

•Origin : South Kalimantan, Indonesia.

•Mine Location : Asam Asam and Batu Licin, South Kalimantan.

•Jetty Port Capacity : 3 (Three Jetty Port: capacity **0 – **0 feet):-
*Satui Baratama Batu Licin (Sungai Dua)
*Liang Anggang Cemerlang Batu Licin (Sungai Danau) 
*MCM, DTBS and CENKO (Asam Asam)

•Loading Rate : ***0 Mt per working day.

•Terms : FOB MV South Kalimantan Port,Indonesia ONLY (NO CIF).

•Packing : In Bulk.

•Quantity : Minimum order of *0,**0 Mt x *2 months with possible rollovers .

•Price :USD $ **0 per Mt (One Hundred United States Dollars) on South Kalimantan FOB Mother Basis. Upon the signature of the contract, the price shall be frozen until the first trial delivery.

•Anchorage : Anchorage shall be in accordance to Jetty Port that will be chosen for loading.

•Shipping Schedule : 1st shipment lay can shall be approximately *0/*0 days after receiving a fully operational Letter of Credit from the Buyer’s Bank . 

•Inspection : CCIC, Geoservice, SGS, SUCOFINDO or any other official authorized Surveyor agreed with Buyer.

•Payment Terms : Documentary Letter Of Credit, Confirmed, Irrevocable, Transferable or Non Transferable at Buyer’s choice, **0% at sight at Loading Port, issued by issued by Hong Kong Shanghai Banking Corporation (HSBC), payable for the full amount of each delivery against presentation of the Shipping Documents. The validity of the Letter of Credit shall be *5 days from the date of receiving of the details of the LC meeting all the requirements and shall be issued by the Buyer at least *0 days before each delivery date. The list of documents necessary to cash the LC shall be specified in the contract.

•PB issued by the Seller in favour of the Buyer for 2% of the value of the Letter of Credit.

•Selling Company & Beneficiary of the Letter of Credit : as per contract;: due to the incoming establishment of a New Company in Singapore Fincomit reserves the right to change the Company that shall sell the goods at same conditions as stated in this SCO.



SUMMARY OF PROCEDURES


•The Buyer issue Letter Of Intent (LOI) to Seller.

•The Seller issue Full Corporate Offer (FCO) to Buyer.

•The Buyer signs the Full Corporate Offer (FCO) for acceptance and sends it back to the Seller.

•The Seller and the Buyer shall sign the draft contract. Any facsimile or electronic copy shall be considered as the original.

•After both parties shall sign contract, the Buyer shall send to the Seller the text of the draft of the Letter of Credit for the Seller’s approval and the Seller shall send Non Operative Performance Bond (PB) text to the Buyer for his approval. Once the Letter of Credit shall be issued, the Seller shall proceed to release in favour of the Buyer the Performance Bond Guarantee of the 2% of the value of the Letter of Credit. Letter of Credit and Performance Bond texts shall be the ones approved respectively by the Seller and by the Buyer. The Buyer and Seller shall proceed to open the Letter of Credit as well as the Performance Bond within 7 (Seven) Bank working days from the date of the signature of the contract.

•Buyer's representatives are invited to visit the Mine site whenever they wish and to be present during all loading operation.



 

Payment
L/C

Delivery
FOB

Origin
INDONESIA

Minimum Order
*0,**0MT

Packaging
BULK

Inspection
SGS,CCIC,SUCOFINDO,Geoservice