COAL

FAX              : 62 21 62203111

TELP            : 62 21 7054 8888

ADDRESS    : Jl. Parakan Mas I No.12 INDONESIA

 COMPANY   : PT. BENDERAKU ( Mining and Trading )

 HGI                            (adb)     45 min              -

Gross Calorific value  (adb)    5,500Kcal/kg           <  5,300 kcal/kg

 Total Sulfur                (adb)    0. % max        > 1 %

 Fixed Carbon             (adb)   By different      -

Volatile Matter            (adb)   45 %                -

 Ash Content           (adb)   10 %                >  14 %

 Inherent Moisture  (adb)   13 %                 -

 Total Moisture       (arb)   31 %                 > 38 %

Parameters Test        Guarantee          Rejection Level

PRICE                          IDR.500.000 /mt, FOB Barge

QUANTITY                    100.000 MT per month.

G.    Total Sulphur             (ADB)           1            % Max

H.    Hard Grove Index        (ADB)          50          Approx

F.     Calorific Value           (ADB)     5800-5600   Kcal/kg

E.     Fixed Carbon            By Difference 

D.    Volatile Matter           (ADB)           38-42     % Approx

C.    Ash content              (ADB)             10        %  Rejection above 9

B.    Inherent Moister        (ADB)             13        %

A.    Total Moister            (ARB)             28        %  Rejection above 30

 All on  ADB Basis Type A

Independent Surveyor        PT. Geoservices             

Payment                         Cash

 Price                              IDR 600.000 per MT FOBT Barge

Size  0 50mm <50 mm     Min 85%    Max 15%

 HGI                            (adb)     45                        -

 Gross Calorific value    (adb)    6,300Kcal/kg      < 6,100 kcal/kg

Total Sulfur                  (adb)    1 % max           > 1.1 %

 Fixed Carbon              (adb)   By different       -                 

 Volatile Matter           (adb)   45 %                  -

 Ash Content               (adb)   12%                 >  16 %

 Inherent Moisture      (adb)   8 %                    -

 Total Moisture           (arb)   14%                   > 16 %

Parameters Test       Guarantee         Rejection Level

PAYMENT           Cash and Irrevocable Confirmed L/C At sight from   International             prime bank (preferable issuer HSBC)

LOADING PORT  Batulicin South Kalimantan

PRICE                 USD 75/mt, FOB MV

QUANTITY           100.000 MT per month.

ORIGIN                South of Kalimantan, Indonesia

COMMODITY       STEAM COAL in Bulk.

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 :