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Product detail:
Product: STEAM COAL
Source Origin: Indonesia
Volume : 40,000MT -Min order up to 300,000MT per month
Period : 12 Months
Price : GCV 63-61 USD 110.00/MT NET CIF ASWP. or USD90/MT NET FOB MV .
Prices will be reviewed and mutually negotiated once every three months.
Specification:
GCV | Total Moiusture (%) (ARB) | Inherent Moisture (%) | ASH (%) (ADB) | Volatile Matter (%) (ADB) | Sulphur (%) (ADB) | Gross Calorific Value (ADB) Kcal/Kg | HGI | Size 0-50 mm | ||||||||
| Min | Rej | Min | Rej | Min | Rej | Min |
| Min | Rej | Min | Rej | Min |
| Min |
|
58-56 | <28 | >28 | <10 | >15 | 15 | >15 | 43 |
| <1.0 | >1.0 | 5800 | <5600 | 45 |
| 90 |
|
63-61 | <18 | >20 | <12 | >15 | <12 | >15 | 35-45 |
| <1.0 | >1.0 | 6300 | <6100 | 42-50 |
| 90 |
|
65-63 | <12 | >15 | 5 | >10 | 12 | >15 | 42 |
| <1.0 | >1.0 | 6500 | <6300 | 40-45 |
| 90 |
|
Payment Term:
The BUYER shall open a 90 days After Sight Documentary Letter of Credit for each shipment to be established from World Prime Bank in favor of the SELLER covering the relevant shipment quantity with the tolerance of ±10%.
Performance Bond:
2% performance bond will be placed by the seller within 48 hours upon receipt of buyer’s acceptance against the credit given at the sellers counter
Procedure:
1. Buyer send ICPO with banking coordinates to secure the price.
2. Seller sends draft contract for signature, electronically signed.
3. Buyer reviews and makes request for changes in the contract. (Optional)
4. Seller approved requested change or negotiate to agreement.
5. Buyer signs and seals final contract.
6. Seller signs and seals.
7. Buyer received final signed contract and submit to bank for DL/C.
8. Seller received DL/C and issue 2% PB within 48 hours.
9. Delivery commence.
Limited Quantity, First come first serve.
Please confirm acceptance with the end buyer´s / importer`s ICPO and their banking information endorsed to Java Iron Ore Co. under the sales terms.
