Coal

6) Shipments commence as per the terms and conditions of the Contract.

5) Seller issue a 1% Performance Bond in favor of Buyer toactivate the DLC

4) Buyers shall issue in favor of the Seller an Irrevocable DocumentaryLetter of Credit from a top bank for the full shipment quantity made assignable50% to the local Fiduciary and payable 50% at sight against shipping documents

3) Buyer & Seller upon mutual agreement of terms andconditions of the Contract shall sign and seal the Contract

2) Seller sends Contract to Buyer

1) Buyer issues ICPO / LOI with full disclosure

PROCEDURES:

PAYMENT: Irrevocable Documentary Confirmed Letter of Credit for eachmonthly shipment issued by a top 25 World Bank. *A Red Clause condition shallbe understood by both parties and noted on the Sales & Purchase Contact thatimmediately upon receipt and acceptance of the DLC, fifty percent (50%) of thetotal monetary value shall be assigned to a Fiduciary account in Colombiafor the weekly disbursement of funds directly to the miners and the truckdrivers

CURRENT MARKET CONDITIONS

PRICE PER MT WILL BE ADJUSTED EVERY THREE (3) MONTHS TO REFLECT

PRICE PER METRIC TON: USD $300.00per MT FOB

DESTINATION: FOB Any Safe World Port in the Asian market

LOADING PORT:Covinas, Colombia 

CONTRACT PERIOD: 12X30,000 MT beginning immediately, then every30-45 days

DELIVERY TERMS: Freight on Board (FOB)

QUANTITY: 30,000 MT per month

PACKING: Bulk.

PRODUCT: Hard Coking Coal

Our Remazon Company has the capacity to offer bases on FOB Colombia cooke coal 30, 000 M/ T at the price