Scribd
Upload
286 views3 pages

Indonesian Coal FCO Details

The document outlines a full corporate offer for the sale of XXXXX MT of Indonesian steam coal. Key terms include a July 2022 laycan for loading at Bunyu anchorage, Indonesia within specified quality parameters. The base price is USD XX PMT with adjustments based on calorific value. Payment is by irrevocable letter of credit and quality analysis will be conducted by PT Sucofindo. Other standard terms around weighing, shipping nomination, demurrage and additional conditions apply, with the offer valid until early July 2022.

Uploaded by

Vicky Saputra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
286 views3 pages

Indonesian Coal FCO Details

The document outlines a full corporate offer for the sale of XXXXX MT of Indonesian steam coal. Key terms include a July 2022 laycan for loading at Bunyu anchorage, Indonesia within specified quality parameters. The base price is USD XX PMT with adjustments based on calorific value. Payment is by irrevocable letter of credit and quality analysis will be conducted by PT Sucofindo. Other standard terms around weighing, shipping nomination, demurrage and additional conditions apply, with the offer valid until early July 2022.

Uploaded by

Vicky Saputra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

FULL CORPORATE OFFER (FCO)

1. Commodity and Quantity


XXXXX MT plus or minus 10% sellers option of Steam (non-coking) coal of Indonesian
origin in bulk

2. Load Port Laycan


Any 10 days mutually agreed laycan between July 2022 – July 2022

3. Load Port
Bunyu anchorage, North Kalimantan, Indonesia.

4. Specification
The Coal sold under this Contract shall have the following typical specifications as per
ASTM standard, as follows:

  No. Parameter Basis Typical Rejection Unit

1 Total Moisture ARB 52 - %

2 Inherent Moisture ADB 28 approx - %

3 Ash Content ADB 7 >9 %

4 Total Sulphur ADB 0.5 >0.6 %

5 Volatile Matter ADB 40-45 - %


approx

6 Fixed Carbon ADB By - %


Difference

7 HGI 50-55 - Index


approx

8 Gross Calorific Value ARB 3000 <2800 Kcal/Kg

9 Size 0-50 mm 90 approx - %


5. Base Price
USD XX PMT (US Dollar per metric tonne) Basis Typical Gross Calorific Value (ARB)
3000 Kcal/Kg

6. Payment
100% value of shipment by an irrevocable & confirmed, at-sight letter of credit

7. Premium / Penalty
Gross Calorific Value (ARB)
If the actual Gross Calorific Value (ARB) basis Certificate of Analysis issued by IIA at
Loading Port falls below or exceeds typical Gross Calorific Value (ARB), then adjusted
FOB Price shall be derived basis the following formula, till rejection limit:

Actual Gross Calorific Value (ARB)


Adjusted FOB Price = -------------------------------------------------------- x Base Price
3000 Kcal / Kg
No others price adjustments.

8. Quality Analysis
The Independent Inspection Agency (IIA) at the loading port shall be PT Sucofindo
appointed at loading port

9. Weighment
As per Bill of Lading (based Draft Survey & certificate of Weight being carried out by
Independent surveyor, appointed by the Shipper at Load port). This will be final and
binding for all commercial purposes.

10. Shipping/Vessel Nomination terms


Should be applicable rules and regulations in Indonesia 

11. Demmurage/Dispatch
Demurrage / Dispatch rate, as per prevailing market rate, shall be quoted at the time of
the vessel nomination. The laytime calculation shall be done basis statement of Facts
(SOF) at load port, demurrage /dispatch as applicable shall be settled within 30 days of
mutual agreement of laytime calculation.

12. Other Terms and Conditions


To be strictly in line with Seller's standard FoB sale/purchase contract.

13. Validity
Our above offer is valid until 1st week of July and thereafter subject to seller’s re-
confirmation and cargo being unsold. Deal is subject to counter-party approval of
Buyer by Seller.

You might also like