Steam Coal

Ifthis offer has attracted your full attention and acceptance, so thendo proceed the issuance for the Irrevocable Corporate Purchase Order(ICPO) which is enable us to process the next step for this trading.

- Site visit: Can be arranged at buyers cost after ContractSigning.

- In case that the Indonesian Government impose coal Export Tax, theunit price will increase accordingly.

- Price should be evaluated in every month for annual contract

- Estimated Coal Reserve Volume: 6,000,000 MT

- Product Capacity: 50.000 MT/Month

- Coal Concession Area (Coordinates): to be informed later.

- Concession: Kuasa Pertambangan (4000 Ha)

- Coal Origin at Area Code: binuang, South of Kalimantan

Remarks:- Mining Name: PT.Batu Gunung Mulia, or substitud

Validity:Within 30 working days from issuing date

Inspection : Quality and Quantity determined at Mother Vessel by anAcceptable Independent Surveyor (GEOSERVICES LTD). All of costsand charges of inspection incurred will be distributed by Seller.

Anchorage:Tabone Anchorage Point, South Kalimantan

Loadingrate (Jetty): 2,500MT PWWD SHINC

LoadingPort:PIJAR, BASS,PELINDO Banjarmasin,South Kalimantan

Coalsource : PT.BATU GUNUNG MULIA,CV.CAHAYA ABADI Binuang

Transshipment:300 ft barge

Capacity:50,000 MT/shipment Depend wheather

Delivery:Within 40 after operative L/C

Priceadjustment: Every Shipment Depend the market price

Payment:By Letter of Credit at sight ( By HSBC Bank Only )

UnitPrice Cal 53-51: USD 46.00 PMT FOB ( Freigh on Vessel )

UnitPrice Cal 55-53: USD 53.00 PMT FOB ( Freigh on Vessel )

UnitPrice Cal 58-56: USD 60.00 PMT FOB ( Freigh on Vessel )

UnitPrice Cal 63-61: USD 80.00 PMT FOB ( Freigh on Vessel )

Specification: (Please find attachmenth)

Packing:Bulk

Origin:South Kalimantan, Indonesia

Commodity:Indonesian Steaming Coal

Termsand Conditions:

We hereby confirm with Full Legal Authority and Responsibility that weare prepared to enter into a contract to sell the commodity asspecified below as well as the permits needed to fulfill thistransaction ;

Remarks :- Mining Name: PT.Batu Gunung Mulia, or substitud
- Coal Origin at Area Code: binuang, South of Kalimantan
- Concessi