Steam Coal

                                      Issued by first class international bank 30 days before loading PB 1%

7. Payment Term         : 100% of cargo value by L/C at sight, Transferable Irrevocable Letter of Credit

                                      For invoice purpose.

                                      The result of quality and weight at the loading port should be final and Binding

6. Weighing & Quality : At loading Port by independent Surveyor (Intertek)

5. Loading rate             : 8,000 MT/day

4. Loading Port                                    : TBA

         Hard Grove Index (HGI)                                  : 51 approx

         Gross Calorific Value (ADB)                          : 5800 - Reject below 5600

         Sulfur (ADB)                                                : max 1%

         Volatile Matter (ADB)                                  : by difference

         Ash (ADB)                                                 : max 15%

         Inherent Moisture (ADB)                              : 8% approx

         Total Moisture (ARB)                                  : 14% approx

                                                                              Basis

3.      Specification :

2.      Quantity        :     40,000MT(+/-10%)

1.      Commodity   : Steam Coal

Steam Coal