Detailed Product Description
Subject: Hard Coking Coal:
Also, known as “Coke” Hard Coal, Met Coal
Slang Name/ Terms: Black Coal, Black Coke
End users: Coke Oven Batteries, Steel Industry
Article 1 Commodity, Quality, Quantity, Price and Amount
- Commodity: Hard Coking Coal
- Size per client request-mm (%) passing 0.5 to 50 mm
- Calorific Valve- kcal/kg “Air Dried Air Dried 7751 Dry 7865
- Quantity: 25,000 metric tons per Month for 12 Months for a Total of 300,000 MT
$ 125 USD per MT- FOB-Port of Baltimore or Philadelphia, USA – Seller’s Choice
- Performance Bond:
2 % to be issued by Seller
- Payment Terms:
Buyer shall open a Revolving, Irrevocable, Non-Transferable, Confirmed Documentary L/C for the value of one months’ amount of desired quantity based on 25,000 metric tons per month.
- Documents required for payment
2. Seller issues Draft Sales Agreement/Contract.
4. Buyer to issue a Non-Operative Non-transferrable RDLC which will be made operative by the Sellers’ 2 % PB.
5. Initial/ first shipment to depart seller’s port 30 to 45 days after receipt of the Non-transferrable RDLC.