Contract of Sales and Purchases of Indonesia Steaming Coal This Contract is made and entered into on this by and between The Seller: Address: The Buyer: Address: By this Contract the Seller agrees to sell and the Buyer agrees to buy the following coal under the terms and conditions listed below: 1. Commodity: Indonesia Steaming Coal 2. Quantity: 70,000mt +/-10% At Buyer’s Option 3. Specifications(Based on ISO Standards): Typical Total Moisture (as received) 36% Inherent Moisture (air dried) 15%min Ash (air dried) 6%max Volatile Matter (air dried) 39~43% Sulphur (air dried) 0.5%max HGI 45min Gross Calorific Value (air dried) 5400kcal/kg Net Calorific Value (as received) 3800kcal/kg Size (0~50mm) 95% 4. Unit Price USD per metric ton CIF Huangpu, or other southern safe port, China 5. Premium/Penalty Total Moisture If Total Moisture (as received) of any shipment of coal exceeds 36%, the weight of that shipment shall be adjusted as follows: Invoice Weight = B/L weight × 〔1-(actual total moisture – 36%)〕 Gross Calorific Value If actual Net Calorific Value (as received) of coal varies from 3800kcal/kg (gad), the price for that cargo of coal shall be adjusted by using the following formula: Actual Net Calorific Value (as received) Invoice Unit Price = USD /mt × ———————————————————— 3800kcal/kg (gad) 6. Shipment: 70,000mt +/-10% at buyer’s option 7. Loading Terms: 7.1 The Seller shall deliver coal in bulk to the Buyer, free on board vessel spout trimmed at the loading port. 7.2 Notice of Readiness may be tendered during office hour(Monday – Friday:09:00-17:00, Saturday:09:00 – 13:00) after the vessel has arrived at the loading port, whether in berth or not, whether in port or ...
