PT. BENDERAKU Indonesia

We, PT. BENDERAKU, on behalf of the Seller, with full legal and corporate responsibilities confirm that we are ready, willing and able to offer for sale the following commodity in accordance with the terms and conditions set out as follows: COMMODITY STEAM COAL in Bulk. ORIGIN South of Kalimantan, IndonesiaQUANTITY 50. 000 MT per month. DURATION 12 (twelve) monthsSPECIFICATION As per attached per belowPRICE USD 75 / mt, FOB MVLOADING PORT Batulicin South KalimantanSHIPMENT First Shipment As Soon As PossiblePAYMENT Cash and Irrevocable Confirmed L/ C At sight from International prime bank (preferable issuer HSBC) INSPECTION Sucofindo or GeoserviceSTEAM COAL SPECIFICATIONISO / ASTM Testing method: Parameters TestGuarantee Rejection LevelTotal Moisture (arb) 14% > 16% Inherent Moisture (adb) 8% -Ash Content (adb) 12% > 16% Volatile Matter (adb) 45% -Fixed Carbon (adb) By different-Total Sulfur (adb) 1% max > 1. 1% Gross Calorific value (adb) 6, 300Kcal / KG < 6, 100 kcal / KGHGI (adb) 45-Size 0 50mm < 50 mm Min 85% Max 15% Price IDR 600. 000 per MT FOBT BargePayment CashIndependent Surveyor PT. GeoservicesSpecificationAll on ADB Basis Type AA. Total Moister (ARB) 28% Rejection above 30B. Inherent Moister (ADB) 13% C. Ash content (ADB) 10% Rejection above 9D. Volatile Matter (ADB) 38-42% ApproxE. Fixed Carbon By DifferenceF. Calorific Value (ADB) 5800-5600 Kcal / KGG. Total Sulphur (ADB) 1% MaxH. Hard Grove Index (ADB) 50 ApproxI. Size 0 50 MM 90% MinimumQUANTITY 100. 000 MT per month. PRICE IDR. 500. 000 / mt, FOB BargePAYMENT 50% After singing Contract and visit to mine site40% After cargo loading on barge10% After all document completeINSPECTION Sucofindo or GeoserviceSTEAM COAL SPECIFICATIONISO / ASTM Testing method: Parameters Test Guarantee Rejection LevelTotal Moisture (arb) 31% > 38% Inherent Moisture (adb) 13% -Ash Content (adb) 10% > 14% Volatile Matter (adb) 45% -Fixed Carbon (adb) By different-Total Sulfur (adb) 0. % max > 1% Gross Calorific value (adb) 5, 500Kcal / KG < 5, 300 kcal / KGHGI (adb) 45 min-Size 0 50mm < 50 mm Min 85% Max 15% COMPANY: PT. BENDERAKU (Mining and Trading) ADDRESS: Jl. Parakan Mas I No. 12 IndonesiaTELP: 62 21 7054 8888FAX: 62 21 62203111