:MT:700

:IO: CITI BANK INC

:EOH:
:27:1/1
:40A:IRREVOCABLE,TRANSFERABLE
:20:TO BE CONFIRMED
:31C: TO BE CONFIRMED
:40E:UCP LATEST VERSION
:31D: TO BE CONFIRMED
:50:SHANDONG SANFU GROUP CO.,LTD
NO.98 GUANZHONG ROAD LINZI
ZIBO,CHINA
:59: …................................................................( buyer )

:32B:USD4,150,000.00
:39A:10/10
:41D:ANY BANK
BY NEGOTIATION
:42C:SIGHT FOR 100 PERCENT OF INVOICE
VALUE
:42D:ISSUING BANK
:43P:NOT ALLOWED
:43T:NOT ALLOWED
:44E:ANY PORT IN INDONESIA
:44F:LAIZHOU PORT CHINA
:44C: TO BE CONFIRMED
:45A:COMMODITY:INDONESIA STEAM COAL OF GCV(ARB) 6300 KCAL/KG
REJECTION BELOW 6100KCAL/KG AT USD 83.00/MT
QUANTITY:50,000 MTS

GUARNATEE/LIMITED REJECTION
TOTAL MOISTURE(ARB) 16 % >18 %
INHERENT MOISTURE(ADB) 10 %
ASH CONTENT(ADB) 14 % >16 %
VOLATILE MATTER(ADB) 40 %
FIXED CARBON(ADB) BY DIFFERENCE
TOTAL SULPHUR(ADB) 1% MAX >1%
GCV(ADB) 6300KCAL/KG <6100KCAL/KG
NCV (ARB) 5434 KCAL/KG < 5250 KCAL/KG
HARD GROVE INDEX(HGI) 43
SIZE(MM) 0-50 MM MIN 90%

PRICE ADJUSTMENT:

1.FOR GROSS CALORIFIC VALUE (ADB)

THIS UNIT PRICE IS BASEND ON CONTRACTUAL SPECIFICATION GROSS CALORIFIC VALUE

6300KCAL/KG(ADB) BY SGS AT LOADING PORT .If THE ACTUAL GROSS CALORIFIC VALUE
INSPECTED BY THE SGS FALLS BELOW 6100KCAL/KG,THEN THE BUYER HAS THE RIGHT TO
REJECT THE CARGO.
.
IF THE ACTUAL GROSS CALORIFIC VALUE IS LOWER THAN 6300KCAL/KG, THE PRICE SHALL BE
ADJUSTMENT BY FOLLOWING FORMULAR

INVOICE PRICE = CNF PRICE x ACTURAL GCV

----------------------------------
6300
2. FOR TOTAL MOISTURE (ARB)

IN THE EVENT THE TOTAL MOISTURE EXCEEDS 16%, THEN WEIGHT SHOWN ON INVOICE WILL BE
FORMULATED AS FOLLOWS:

WEIGHT SHOWN ON INVOICE = CONFIRMED SGS WEIGHT BY LOADING PORT × [(100 – ACTUAL
TM (ARB)]/ (100-16)

IF TOTAL MOISTURE (ARB) EXCEEDS 18%,THE BUYER HAS THE RIGHT TO REJECT THE CARGO.
3. For other items

THE RIGHT OF REFUSING PERFORMACE OF PAYMENT IS GRANTED TO THE BUYER IF ITEMS

VALE CONTENT IN THE PRODUCT INSPECTED BY THE INDEPENDENT INSPECTION
ORGANIZATIONIS OUT OF REJECTION LIMITED.

:46A: 1. MANUALLY SIGNED AND STAMPED COMMERCIAL INVOICE IN ONE (1) ORGINAL
AND THREE (3) COPIES ISSUED BY THE SELLER SHOWING THE BASIS WHICH THE
PRICE IS CALCULATED;
2.FULL SET(3/3) “CLEAN ON BOARD”CHARTER PARTY BILLS OF LADING CONSIGNED
TO ORDER AND NONTIFY APPLICANT MARKED PAYABLE AS PER CHARTER PARTY;
3.MANUALLY SIGNED CERTIFICATE OF SAMPLING ANALYSIS IN ONE (1) ORIGINAL
AND THREE (3) COPIES ISSUED BY CCIC SINGAPORE AT LOADING PORT;
4.MANUALLY SIGNED CERTIFICATE OF WEIGHT IN ONE (1) ORGINAL AND THREE(3)
COPIES ISSUED BY CCIC SINGAPORE AT LOADING PORT
5.MANUALLY SIGNED CERTIFICATE OF ORIGIN IN ONE(1) ORIGINAL AND THREE(3)
COPIES ISSUED BY INDONESIAN CHAMBER OF COMMERCE AND INDUSTRY OR THE
RELEVANT INDONESIAN GOVERNMENTAL AUTHORITY AT LOADING PORT;
6.MANUALLY SIGNED DRAFT SURVEY IN ONE(1) ORIGIINAL AND THREE(3)
COPIES ISSUED BY CCIC SINGAPORE AT LOADING PORT.
:47A:+USD80,00 OR EQUIVALENT WILL BE DEDUCTED FROM THE PROCEEDS UPON
REIMBURSEMENT AGAINST A DISCREPANCY OR MORE APPEARING ON THE
REQUIRED DOCUMENTS. SHOULD THE DISCREPANCIES BEING ACCEPTED BY
THE APPLICANT, WE SHALL RELEASE THE DOCUMENTS TO THEM WITHOUT
FURTHER NOTICE TO PRESENTING BANK UNLESS THE INSTRUCTIONS TO
THE CONTRARY ARE RECEIVED PRIOR TO OUR ACCEPTANCE/PAYMENT.
+T/T REIMBURSEMENT CLAIM IS NOT ALLOWED.
+ALL DRAFTS DRAWN UNDER THIS CREDIT MUST BE ENDORSED.
+ALL DOCS MUST BEAR OUR L/C NO.
+BOTH L/C AMOUNT AND SHIPMENT QUANTITY 10 PCT MORE OR LESS ALLOWED.
+ALL DOCUMENTS TO BE ISSUED IN ENGLISH.
:71B:ALL BANKING CHARGES OUTSIDE THE
ISSUING BANK, IF ANY, ARE FOR
ACCOUNT OF BENEFICIARY.
:48:DOCUMENTS TO BE PRESENTED WITHIN
14 DAYS AFTER DATE OF SHIPMENT BUT
WITHIN THE VALIDITY OF THE CREDIT.
:49:WITHOUT
:78:+WE, THE ISSUING BANK, HEREBY UNDERTAKE THAT ALL DRAFT AND
ORIGINAL DOCUMENTS DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS
AND CONDITIONS OF THIS CREDIT WILL BE DULY HONORED.
+ALL DOCUMENTS SHOULD BE DISPATCHED IN ONE LOT BY COURIER TO
INDUSTRIAL AND COMMERCIAL BANK OF CHINA.SHANDONG ZIBO BR.
ADDRESS:NO.158 ZHONGXIN ROAD ZIBO SHANDONG CHINA,POST CODE:255040
+THIS L/C IS SUBJECT TO ICC UCP600.
-