Steam Coal

(Vinod Kaushik)

Best regards

Thanking you.

Further terms and conditions of sale shall conform to Sales/Purchase Contract.

Tentative delivery at Taboneo, Indonesia 1H March and 1H April 2009.

Other Terms :        Price valid for shipments in March and April 2009.

Beneficiary Bank for 100% of shipment value.

Payment                    : by irrevocable LC payable at sight expiring at the counters of

Unit Price                  : US$ 91.00/mt FOB Mother Vessel

Quantity                    : 50,000mt moloo per month March and April 2009

GROSS CALORIFIC VALUE KCAL/KG                    6,500 MIN                         < 6,300

SULPHUR                                              % 1.00 MAX                      > 1 %

FIXED CARBON                                     % BY DIFFERENCE              -

VOLATILE MATTER                              % 38.0 -44.0                   -

ASH                                                    % 14.0                             > 17 %

INHERENT MOISTURE                        % 6.0                              -

AIR DRY BASIS

SIZE 0 X 50 MM                                  % 95 MIN                         -

HGI                                                     40 MIN                             -

TOTAL MOISTURE                             % 12.0                             Finalty only

AS RECEIVED BASIS                     TYPICAL                            REJECTION

ACCORDING TO ISO /ASTM STANDARDS

Specifications           : CALORY: 6,500 KCAL/KG (ADB)

Loading Rate            : 8,000mt PWWD SHINC

Loading Port              : Taboneo Sea Anchorage, South Kalimantan

Delivery                     : March / April 2009

Quantity                    : 50,000mt +/- 10% moloo (anchorage loading)

Origin                       : KBP South Kalimantan, Indonesia

Commodity               : Indonesian origin Steam (non-coking) Coal

Specifications of our Coal are as below:

We have investment in Thermal Coal mines in Indonesia and can supply Thermal Coal/Steam from Indonesia with prompt shipments of 50,000mts.

Dear Sir,

Steam Coal 6500Kcal Indonesian Origin for March/April prompt Shipments