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    Loi 63-61

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    arbi82
    Charter Limited expresses its intent to purchase coal from Indonesia in a letter of intent dated July 14, 2010. The letter specifies the company intends to purchase 210,000 metric tons of steam coal per month for one year. The coal must meet specifications for moisture, ash content, volatile matter, fixed carbon, and sulfur outlined in ASTM standards. The price per metric ton is IDR 550,000 and payment will be made on a 50%:40%:10% schedule. Documentation including bills of lading for past shipments over 30,000 metric tons and SGS certification are required to authenticate the transaction. Charter Limited awaits a prompt response and relevant documents from the seller.

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    Loi 63-61

    Uploaded by

    arbi82
    54 views2 pages
    Charter Limited expresses its intent to purchase coal from Indonesia in a letter of intent dated July 14, 2010. The letter specifies the company intends to purchase 210,000 metric tons of steam coal per month for one year. The coal must meet specifications for moisture, ash content, volatile matter, fixed carbon, and sulfur outlined in ASTM standards. The price per metric ton is IDR 550,000 and payment will be made on a 50%:40%:10% schedule. Documentation including bills of lading for past shipments over 30,000 metric tons and SGS certification are required to authenticate the transaction. Charter Limited awaits a prompt response and relevant documents from the seller.

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    loi 63-61

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    Charter Limited expresses its intent to purchase coal from Indonesia in a letter of intent dated July 14, 2010. The letter specifies the company intends to purchase 210,000 metric tons of steam coal per month for one year. The coal must meet specifications for moisture, ash content, volatile matter, fixed carbon, and sulfur outlined in ASTM standards. The price per metric ton is IDR 550,000 and payment will be made on a 50%:40%:10% schedule. Documentation including bills of lading for past shipments over 30,000 metric tons and SGS certification are required to authenticate the transaction. Charter Limited awaits a prompt response and relevant documents from the seller.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    54 views2 pages

    Loi 63-61

    Uploaded by

    arbi82
    Charter Limited expresses its intent to purchase coal from Indonesia in a letter of intent dated July 14, 2010. The letter specifies the company intends to purchase 210,000 metric tons of steam coal per month for one year. The coal must meet specifications for moisture, ash content, volatile matter, fixed carbon, and sulfur outlined in ASTM standards. The price per metric ton is IDR 550,000 and payment will be made on a 50%:40%:10% schedule. Documentation including bills of lading for past shipments over 30,000 metric tons and SGS certification are required to authenticate the transaction. Charter Limited awaits a prompt response and relevant documents from the seller.

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    of 2

    CORPORATION

    Date: 14th July 2010

    Attn :To Whom This May Concern

    RE :Letter of Intent to Purchase Coal

    We, Charter Limited, acting with full corporate and legal authority and responsibility, hereby
    indicates our intention to purchase the following coals based on the following terms and
    conditions:-

    1. PRODUCT / ORIGIN :
    Indonesia

    2. SPECIFICATIONS:
    As per ASTM Standard: On Air Dried Basis (ADB), unless otherwise specified (ARB
    means on “As Received Basis”) – Steam Coal

    Parameters Typical Rejection


    Total Moisture (ARB) 14 % max Above 16 %
    Inherent Moisture (ADB) 8 % max Above 9%
    Ash Content (ADP) 15 % max. Above 16 %
    Volatile Matter (ADB) 27 % Above 40%
    Fixed Carbon (ADB) By Difference
    Total Sulfur (ADB) 1 % max Above 1 %
    Gross Calorific Value (ADB) 6,300 kcal/kg Below 6,100 kcal/kg

    3. SHIPMENT QUANTITY
    By Vessel : Tonnage deliverable per month: 70,000 Metric Tons per type, total to
    be delivered per month is 210,000 Metric Tons, for a period of 1 year.

    4. FULL CORPORATE OFFER BASED ON


    FOB Barge

    5. TARGET PRICE
    IDR 550.000,- Per MT

    6. PAYMENT TERM
    By Cash 50%:40%:10%

    Rasuna Said Kav.5-4 Jaksel 1


    7. DOCUMENTS REQUIRED FOR AUTHENTICATION
    Bills of Lading of previous trades to quantity above 30,000 metric tons.
    SGS Certification of the commodity.
    Other documents pertaining to previous trades of similar quantities.
    Corporate Profile of Supplier

    We trust you will be able to meet the above requirement, and we await your prompt
    response with the relevant documents at your earliest opportunity.

    This Letter of Intent is signed by Authorized Representative of the Buyer as evidenced below
    which is an integral part of this commitment.

    For and on behalf of the said Buyer: For and on behalf of the said Seller:
    Charter Limited

    --------------------------------------------- ------------------------------------------------
    Authorised Signature Authorised Signature
    Name: (Zulkifli Idris) Name:
    Designation: Managing Director Designation:
    Date: 14/07/2010 Date:

    CP.081350751734 (Sayyed Muchtar Al Syathrie)

    Rasuna Said Kav.5-4 Jaksel 2

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