SCO for supply of Steam Coal of South African Origin.
SCO for supply of Steam Coal of South African Origin.
ADDITIONAL INFORMATION
Delivery Terms: FOB – RICHARDSBAY
Price Terms: 4800kcal: $145/TON
Payment Terms: FOB.
Commodity: COAL 4800kcal EXPORT
Quantity: 55 000 MT +- 10% / month
Quality: 4800 kcal
Contract Duration: Buyer to Confirm 36 months
Payment Method: LC // SBLC
Loading date: TBC
Grade: 4800kcal Coal Specifications – (standard RSA export spec)
? Value Basis 4, 800 kcal/kg NCV
? Calorific Value Min 4, 600 kcal/kg NCV
? Total Moisture (arb) 10.0% max
? Volatile Matter (arb) 20.0% min 30.0% max
? Ash (arb) 35.0% max
? Sulphur (arb) 1.5% max
? Nominal Top Size 0-50mm, with "-1mm" 30% max & "+50mm" 5% max
Other Terms and Conditions
1. Taxes and Duties:
All taxes and duties applicable at the load port are in sellers account and at the discharge port
are to the buyers ‘account
2. Confidentiality:
All parties related to this pre-contract agree to keep the provisions and terms of this contract
strictly confidential
3. Force Majuere:
During the tenure of the contract if a situation of force majeure occurs due to natural
calamities, civil disturbance, commotion, riots and any other acts of God or manmade then
either party must inform the other within 7 days of such occurrence and if the situation
persists for 30 days or more the contract shall be deemed to be null and void without any
liabilities on either side.
4. Jurisdiction:
All parties agree to attempt to resolve all disputes in connection with the contract in the
course of execution through friendly discussion. if a dispute cannot be resolved in the above
manner, then the dispute is to be settled in South Africa, as per the arbitration laws of
international chamber of commerce. all fees and or charges incurred shall be to the loosing
party’s account, unless agreed otherwise.
PAYMENT METHODS:
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