Contract of Sales and Purchases of Indonesia Steaming CoalThis Contract is made and entered into on this by and betweenThe 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 Coal2.Quantity: 70,000mt +/-10% At Buyer’s Option3.Specifications(Based on ISO Standards): TypicalTotal Moisture (as received) 36%Inherent Moisture (air dried) 15%minAsh (air dried) 6%maxVolatile Matter (air dried) 39~43%Sulphur (air dried) 0.5%maxHGI 45minGross Calorific Value (air dried) 5400kcal/kgNet Calorific Value (as received) 3800kcal/kgSize (0~50mm) 95%4. Unit PriceUSD per metric ton CIF Huangpu, or other southern safe port, China5. Premium/PenaltyTotal MoistureIf 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 option7. 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 not, provided the vessel is in all respects ready to loa...
