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Contoh FCO Steam Coal

1. The document presents a soft corporate offer for 500,000 metric tons of steam coal at a price of $80-85 per metric ton FOB. 2. The coal specifications include a gross calorific value of 5800 kcal/kg, total moisture of 22-28%, and total sulfur content of 0.6-1.0%. 3. Payment options include an irrevocable sight letter of credit or an irrevocable unconditional standby letter of credit with a 1% discount. Interested buyers should contact the specified representative for next steps.

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Erwin Rakasi
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306 views1 page

Contoh FCO Steam Coal

1. The document presents a soft corporate offer for 500,000 metric tons of steam coal at a price of $80-85 per metric ton FOB. 2. The coal specifications include a gross calorific value of 5800 kcal/kg, total moisture of 22-28%, and total sulfur content of 0.6-1.0%. 3. Payment options include an irrevocable sight letter of credit or an irrevocable unconditional standby letter of credit with a 1% discount. Interested buyers should contact the specified representative for next steps.

Uploaded by

Erwin Rakasi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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May 2011

STEAM COAL SOFT CORPORATE OFFER


End Buyer Sought for Competitively-Priced Steam Coal
Project Description
Company seeks end buyer for purchase of GCV 5800 kcal/kg steam coal at $80-$85/MT FOB. First trial load of 50,000 MT+/- 10%.
Product Specifications
Offered coal is of the following specifications:

Coal Specifications As Received Air Dried


Typical Rejection Typical Rejection
Chemical Analysis -- -- -- --
Total Moisture % -- -- 22-28 --
Inherent Moisture (IM)% -- -- 10-14 --
Ash % -- -- 10-14 --
Volatile Matter (VM)% -- -- 36-40 --
Total Sulphur % -- -- 0.6 –1.0 >1.0
Gross Calorific Value (GCV) kcal/kg -- -- 5,800 <5,600
Hardgrove Grindability Index (HGI) 45-58 -- -- --
Size (0 to 50mm) 95% min -- -- --
Ash Fusion Point >1250°C -- -- --

Transaction Details
Quantity Available — 500,000 Metric Tons (MT) total. First trial load of 50,000 MT+/- 10%, then 3x50,000MT x3-4 months
Delivery Method — FOB, loading rate of 7000-8000 MT PWWD
Delivery Lead Time — Within 30 days after buyer issues DLC or SBLC or as mutually agreed
Date of LAYCAN — At buyer option but to be confirmed by seller
Payment Options:
 Irrevocable, 100% at sight DLC/RDLC , transferable, issued from a Prime Bank acceptable by the seller’s bank settled based on
the SGS reports at loading port; or
 Irrevocable un-conditional SBLC of 110% one-month value issued from a Prime Bank acceptable by the seller’s bank, in their
format valid for 13 months as security for the shipment on presentation of shipping documents. A discount of $3 will apply to
the price.
Price Validity — Five days from SCO issue date
Inspection — Geo-services, Sucofindo or equivalent at the loading port at the cost of the Seller. Buyer may engage an
independent surveyor of their choice at their expense and do testing at time of loading if they wish. Buyer or their
representative is welcome at the loading port at time of their coal being loading.
Any difference in the quality between the two surveyors shall be sorted out at the loading port itself.
Order Procedure; Post-Acceptance of the Soft Offer
1. Buyer sends current, dated ICPO with details of required coal, Bank Details and Soft Probe Authorization, addressed to Seller;
2. Seller issues FCO via the Mandate for buyer or Facilitator;
3. Buyer signs, seals and returns FCO as acceptance;
4. Seller issues draft contract;
5. Buyer and seller sign final contract via electronic mail;
6. Buyer issues pre-advised LC for seller’s approval before the official LC is issued by buyers bank to seller’s bank;
7. Once seller has accepted the pre-advised LC, the buyer’s bank issues the LC to sellers bank;
8. Seller issues PB to the buyer’s bank; and
9. Coal delivery is scheduled for Shipment to commence as per contract-agreed timeframe.
Next Steps
Interested parties should contact Mateo Garcia: mgarcia@chinasolutionsllc.com
China Solutions LLC is a third party broker for equity investment and merger & acquisition activities for a worldwide network of clients.
+86 (21) 6471 0499 +1 (917) 591 1265 (f)
www.chinasolutionsllc.com

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