Steam Coal

MK TRADING

Yours faithfully,

For further information please contact Mr. William Min

        f. Shipment commence

                             e. SKBDN open

d. Mining Inspection 1 week after issue MT799 from buyers bank, seller issues POP, yard inspection invitation.

                            c. Contract Sign

                            b. buyer send Draft Contract for review by both side

14. Procedure     : a. FCO ; buyer give confirmation with sign seal and return or ICPO

                            letter of confirmation order/purchase and draft contract

13. Others          : Term and condition, if any to be discussed after receiving     

11. Terms             : As per buyer Request ( min. 1 Year)

10.  Price Review  : Every Shipment

9.  Inspection      : Quality and Quantity determined at loading port by an   acceptable independent inspector (Sucofindo or Geoservices)

8.  Loading Rate   : 5000-8000 Mt/ day

7.  Loading point   : Jetty Serongga South Kalimantan

6.  Delivery          : 1^st Shipment 30-45 days after L/C open 2^nd Shipment 30-45 Days

5. PB                   : Seller will issue 2% PB after buyer open LC

4. Term of Payment : DLC/Transferable L/C

3. Price                :  USD 89  - PMT FOB MOTHER VESSEL

2. Origin               :  Indonesia

1. Quantity           :  50.000 MT + 10% / Seller option/Shipment/Month

9.          Size 0 mm-50 mm                           90%    

8.          GCV (Kcal/Kg) (ADB)                        5600Kcal/Kg      5800Kcal/Kg         (Rejected<6.100)

7.          HGI                                                  38 %                  42 %                  

6.          Fixed Carbon (ADB)                          By difference

5.          Volatile Matter (ADB)                      38 %                            45  %                    Approx

4.          Sulfur Content (ADB)                        0.8  %                1 %                 (Rejected > 1.2%)

3.          Ash Content (ADB)                           14 %                  17 %

2.          Inherent Moisture (ADB)     10 %                  12 %                 

1.          Total Moisture    (AR)                       12 %                 17 %                     (rejected >18 %)

                                                                  Minimum             Maximum                         Remarks

ORIGIN: Indonesia
PRICE: THE BEST PRICE FOB