Supply The Steam Coal CIF China Port, 100% Paid At Discharge Port

Product detail:

WE ARE IN POSITION TO SUPPLY THE INDONESIAN STEAM COAL NCV 5500-5300 IN TERMS OF CIF CHINA MAIN PORT, 100% PAID AFTER CCIC AT DISCHARGE PORT.

ORIGIN : South Kalimantan, Indonesia.

QUALITY :

• NCV 5500-5300 Kcal/Kg
• TM (ARB) 16%-18%. 18% Max.
• IM (ADB) 8%-14%
• Ash Content (ADB) 15%-17%. 18% Max.
• Total Sulfur (ADB) < 1%. 1% Max.
• Volatile Matter (ADB) 38%-45%. 45% Max.
• HGI (ADB) 42-50. 40 Min.
• Fixed Carbon (ADB) by Difference
• Size: 0-50 mm > 90%

QUANTITY : 50,000MT per month.

INCOTERMS : CIF China Main Port.

PAYMENT : By Irrevocable, Non-Transferable LC 100% paid after Inspection at Discharge Port.

PAYMENT PROCEDURE (NOT NEGOTIABLE) :

1. Buyer issues Irrevocable, Non-Transferable, 100% contract value 15 days After Sight Documentary Letter of Credit (Non Operative LC).
2. Seller will swift via bank for the documents to be presented (pre-shipment document) to the Buyer’s bank for Bank Acceptance of Payment (MT799).
3. Buyer's bank issues Bank Acceptance of Payment (MT799) and swift to Seller's bank.
4. After the buyer’s bank has issued Bank Acceptance Of Payment (MT799), the Seller’s bank will provide the 2% Performance bond to the Buyer’s bank within 5 working days to activated the Draft of DLC (Non Operative LC) becomes Operative LC.
5. NOTE : MT799 IS A MUST. WE CAN NOT PROCEED THE TRANSACTION WITHOUT MT799.

PRE-SHIPMENT DOCUMENTS :

1. Signed Pro-Forma Invoice in 1 (One) original and 3 (three) copies.
2. Scancopy of Sales Contract in 2 (two) copies.
3. Beneficiary’s Certificate, certifying the Buyer that Seller will deliver the good in good order as per agreed delivery schedule and will send document directly to Buyer by mail, this letter will be in 1 (One) original and 3 (three) copies.

INSPECTION (NOT NEGOTIABLE) :

1. Inspection at discharge port must be carried out by Independent Surveyors such as CCIC, SGS, or others.
2. We can not accept CIQ for inspection at discharge port.
3. Buyer can appoint CIQ only for terms of the customs.
4. The final result shall be subject to Independent Surveyors, not CIQ.

DELIVERY TIME :
The trial shipment loading shall take place within 35 days after the Buyer’s bank has officially accepted the pre-shipment documents. Subsequent deliveries will be made within 15 days there after.

 

The Contract Draft and LC Draft must use the standards of ours.

IF YOU HAVE ANY REQUIREMENTS IN ACCORDANCE WITH THE ABOVE TERMS AND CONDITIONS, PLEASE SEND SIGNED LETTER OF INTENT OFFICIALLY IN YOUR COMPANY’S LETTER HEAD, AND WE WILL SEND YOU ASAP THE CONTRACT DRAFT AND OTHER SUPPORTING DOCUMENTS.