STEAM COAL GCV 5.500 - 5.300 KCal / kg

Banjarmasin, April 01, 2009
Duration : Until April 30, 2009

Dear Sir,

I would like to inform you the following your demand of Indonesian Steam Coal as follows :

1.   Commodity : Steam Coal in Bulk of Indonesian Origin

2.   Quality : GCV (ADB) 5.500 rejected 5.300 Kcal/ kg

3.   Quantity : 80.000  Metric Tons +/- 10% of Coal delivered 1 shipment only

4.   Period of Contract : 12 Months

5.   Loading Port : - PT. KPP/ HASNUR Port at Sei. Putting South Kalimantan

                                 - PELINDO Banjarmasin Port at Sei. Barito South Kalimantan

6.   Port Capacity : 300 feet (+/- 8.000 Metric Tons)

7.   Loading Rate : min 8.000 Metric Tons / Day PWWD SHIC

8.   Anchored Vessel : Tabunio Banjarmasin

      E :   030     41     300

      S : 1140     28     010

9.   Price : $49 USD / metric ton

10. Payment System : FOBT MOTHER VESSEL at Tabunio Banjarmasin Anchorage point,

      of South Kalimantan Coast of Indonesia

11. Payment : 100% Irrevocable Transferable confirmation Letter of Credit at Sight

12. Performance Bond : 2% from Prime Bank
13. Steam Coal Specification :
      TM (AR) : 30 - 33%
      IM (ADB) : 15 - 18% Approx
      ASH (ADB) : 4 - 6%
      FC (ADB) : 38 - 43%
      VM (ADB) : By Different
      TS (ADB) : 1% max
      GCV (ADB) : 5.500 - 5.300 KCal/ kg
      HGI : 50 - 60
      Size ( 0 - 50mm ) : 80 - 90%