Coal

Authorized

The price to be reviewed every three  calendar months and fixed for three consecutive calendar monthly shipments.

Base Price. The Base Price for the Coal to be Supplied under this contract shall be US$ Eighty  Five only (US$ 85.00) per Metric Ton FOBT Mother Vessel and the price inclusive of your commission US$ 2.00/Mt.

FOBT Price / Payment Terms:

The buyer shall have the right to refuse and reject any cargo of that quality contains excessive amounts of any rejection term in the above contract specification and seller shall be responsible for promptly transporting the rejected cargo to an alternative destination determined by seller and, if applicable, promptly discharging such cargo and the seller shall reimburse buyer for all reasonable cost and expenses associated with the transportation, storage , handling and removal of the rejected cargo.

Hard                                        40min              50

GCV (ADB)               6,300 KcalIKg                        Rejection below 6,100 KcaIIKg

Fixed Carbon ( ADB)             45%                 Max

Total Sulphur                          0.6%                Rejection above 1% Max

Volatile Matter ( ADB)          45% approx

Ash (ADB)                               8%                 Rejection above 10% Max

Inherent Moisture (ADB)       10%                 Rejection above 12% Max

Total Moisture ( ARB)            15%                 Rejection above 17% Max

Typical                                                            Limits

The Coal Shipped by Seller shall meet the following minimum specifications:

Specification

The Loading  Laycan of each shipment shall be on or within 45 days after receive down payment 5% Red Clause L/C against the asset of 200,000 Mt of Coal at Pier/Port Silo be blocked and book/allocated  under bank  responsibility  as per to SGS  Q&Q confirmations  & insurance underwriting value of 200KMT  and Letter of Credit has been received and confirmed by Sellers bank.

LOADING LAYCAN

Dear associates  JV had been done yesterday with the Coal Mine Land Title owner for 20,000-50,000 Hectors  and Coal 200,000 Mt ready now at the port silo area ready for shipment each vessel berth 40,000-45,000Mt.