Agreement of S&P Coal - 20 Jan 12
Agreement of S&P Coal - 20 Jan 12
Agreement of S&P Coal - 20 Jan 12
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PT.CEQUAL TEKI{OLOGI INDOI{ESIA
!
AS SELLER i
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AND i
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PT.ASIA NATURAL RESOURCES TbK
;
AS SELLER AGENT
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WUHAN S|LK " H|LL TRADI{G CO., LTD, ,
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AS BUYER
AND
THIS I..0.8.T CONTR-ACT FOR sAl-E AN,l PURCHISE OF COAL (the'Contrad ) r mrd. aod
crrcrcd ini,, ljecenber 03, 2011 byand belseen:
LLtFOSRift H€-5qrt:Atr (Tid'+AE") dt-l FiXi12011+12E03ll if i!:
,-\+
! ASIA NATUML RESOURCES TbK , a company.esktercd uidc.the laws otlndonesta.
!TT. I
and havins iLs regisrered dlfirc at Artha Ci;hd Burldrn!7snoor5ud tuan sn.\. L!nftl3 I
Dknic(SCBD), Jrn Sudjrdan Kav52 s3 la!Jrta 12190- lndonesi: r horc'
Agent of selle/ ) or second Party
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\4UI]AN SILK. HILL TMDINC CO, LTD, r .ompany duly incorpo.atsd under the laws ol
PcoFics Republic or China, havins its pnncipal plrcc of business at 21F rengDanBajLu
EuildrngYone QinE Rd., WuHa. P.R Chinahereinafter intlrk.asois rofor.pd athe"BItYFn-
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CHINA SHIPBUILDING I}IADINC (WtrHAX) CO., LTD, a .onpriy duly ro.orpomted uoder
!hc Laws oiPeoples Republic oiChiDa, having principal placeolbusiness at 250 JiangHa.
iLs
Road,wuhan P.R china ( The Agent o.21F F.ngDanBarl-u Eu dinsYonsQing Rd., WuHan
P.R. Chin: h..cirufte.jn this case is refeDed (ihe "The Agent ot Buyer! o. Fourtn Party )
WHERE]1s, BUYER wk[es to purchasc from SEl,l,ER and SELLER wkhes to sell io BUYEIT
certain quantities of coai.
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$ r', Iltfi+ E *rt€):ffirEt* 4 E !:,!S 6-i?&ftitH&.
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THEREFoRL rn.onside.ation ofthe undertakinEs olthc Partics hcrein .ontiinod, SELLER
ard SUYIjRaEree as tbllows:
ErL t 11,b lldid Lhr/t !t, X'F llll a-n.;Ltnt,
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1. DEFINITIONS f!
"Mr' mans mehr bn(t il'rual io 1,(]00 Kilqram ror (lal.uhtio. or..aL
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6 LClc Tp"r ih eLo &t,ppao,icro.f io..r
c.rr: '"'p1
*+E&sll d ,+uJ, FHld
17 "NCY .rcans Nctcaloriiicvatue As Receivcd
Bas[:
Ncv. #{t+rl4{t,9liti.€
'DLC means Documehtary Lererof Credirl
Dr.c, tE€,qii:
'BC neansBankCuarantee;
BG: #&trR*
110 "PB'mpans Pc.f0mran.c Bo.d
PB fiflTlRE
'lSO meJns tnremationat 5tJ ldard L,r grorzJrion
r\o Jt E bi& Htr &41tlhft
1.12 'ARB" de'nsAs Receivcd Basisi
ARB: fr&g#
113 AI'B', means At Dned Basis;
fA+f,+N*
^D3:
1.14'WetB6is"moaDscoatinils oatumtrvetstarc:
wsEdsis lEiXRfit #Efiff.
115 "Diy 8asis" n.ans .oat dri.d at 105 dpsrecs .utrsadcj
! DryBasis: f#& d= 10s ffiEH6t+fr1 ;ii
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116 "suitable Vessel shall means butk.oaturgo vessel wth ru
snbs and seaB,
s lors th.n 25 yca6 old and suftablc for rn.horage toading in lpeo sea tioh
! SELI-ER s loadincdevi.G (Earsesl;
! suitablevesseti 6iEA!A*H.EEn&lifitft i*t+*t(rt_t_t&igit+€.
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V 3 P. s. 5l
u -i'.r-.h-tr:41;::fi5;?ri;T:iT6ifrT.f,:Tr*"1:5:-.-*:T;;; - - "
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le,or ''Bord..hdgrn o h.,nr.
":
t_,,oJ.,.01", nd,..,"r;,, i
! dr loopdqd ot qo,.10 -.eo ^"tr
". J bd ro|t J.,d,o, i
g denlrrase/disFtch "
N iillF,*4:^*,r{l+&U&{_Lt44f*BH&ffrAi+.Gx#SlffjlnjE$r''
r +ftE.
,weather
worhng Day'' means day oi24 conse.uhve trours oo which work jr
loadin8coal on boa.d 3 vessel may be catried outwithou! toss oftime duc
ro
pAi4Ai{,lEdnFZ4, 24 /1.*Sti&gf!rrcE .
1.TERM trIqSR
Th. tcm ol th$ Conrraci shall be ior itz) no.ths commen.ins fDrn, Dccember 08,
2011 !!, D{ember 08,2012, unrjt rhe obtigations ofbdth parios under thk Contrad
hrve been tully.omplercd.This Conia.tshatl be cfiective rs pcr rtre rerm herein.
n,
-f s ldt!H&!S12f lA2o114r2Eoa1Azor2+\2n 0s E, d*.Hlrl+t,lti
r*n{ttrl{te4sElii+.,1rat4tt*sRAH{"
2. QUIN-rry *E
SLLLERshall sell and dclive.to the l.adingpodsnd RUyER sh3 purchas. aod
d cp 600.000vTrLl0.0".8ur-q pr,on.p,,rr rnor dt
"...-^d.J
-l l. LR dr'l p o"'l B oo. Ji' r B.hp r..m o .ir ..1r."d.-,..,."t q. "1,,l
orcoal deliv.r.d by SELLER may be ihftased o. dcc.eased ro the exrenr;f
10%lvhich is to be decided byBUYER atits sotc dis.edon
ir+aFtgRr!, *}-,rtlfi#tfi €+iElg. i{t,Et*E*!6*fi *!r *
*tfl+tii0!600,000rd[H ltTlYaro%, **lt*t) . l]dlritl]
l.rt tl#* ttl i d!#.UEHl,n4d,) 1o!,i..
33 the nrn 3 (three) shipncnb otcoal sha be or 50,000 itf (110% rt BUyDR s
optioh) wiih the 6rst shipment beine rhe rrial stjpmenL The oiJI shipmenr
shall be delive.ed nor Iarer than january 0s, 2012 t.hereaiicr 2 twol
shipmenL{of 50,000},1Tof .orlshallbedclive.edeachhonthro BUyER.
fi3Blistr,[H ( Lfet]1o%, d*t*t) . s-8b45/r rd#)!it +, *ry
82012+0lEosEiirEi*. 4,n=g+EEiIff tA, Etft sr[d€"
DELIVERY iq
SIjLLER shaLlsupplythe qua.tity ofcoalas hpnnoned he.ein jn Artj.lc 3.3 to BUyER
dunngthe period b.tueen lauar],05, 2012 to Decenbe.OB, 2012.
ir,itt&2012+01i0sEil2012+12Jl0sEHFtA, ri{itl{&+*t-J43.3*Jf
1I € fr'lft4fiH "
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OUALITY J6 FI
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it .o.d
; ]1. -, rdpr-hr. conuJ I .hdl r".p r"e,o,drrns.p".r."non. oer rJo ;
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rAFiri Fqg;1HEBA.1rflts rsort,r, . i
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I PRTCE 1'f* !
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{ 6.1 The base pnce 6r the coat deljvercd under rhis Contmct
shat! be 77.00
! USD/MT (Sewnty S€En Dollars Anericah Onty) MT FOBT Morher
Fer Vessel ar
4
! !ll
! FG+A Efletfltr:H ftj*itr{t}* ( FoB ti)rtt+n*ft*€a\q FoRr. t.
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I Vesselloading PoitCoo.dinares at MUAM SATUI_ South Katimantan i
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coo.diharesrpanrnaxarLat:03,, 58, sourh 155,, 32. 5, tasr
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! 6.2 Thebasep.iceshallbeadjustedina(ordancewjthArticteT. !
4i*rr'rd&fr*3tr* ? *tfriif .
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{ The bas€ price for rhe coat delivded shalt bebasedon Netcatorific value/Nar
i (AR!) or4700(cal/kg. I
t t{ti!Hf!4i*ti*&*++ift1ntftE (&A#) i
qToo *+ /^ ft . !
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6.4 Tbe base price Day be adju$ed bythe parties ro reRedthc fluctuarions
trom i
'i rine to tine in rhe coat marker The base price should b. revjewed and
nutually asreed by rhe Panics eveq? 3 (n\.ee) honrhs.
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{ PRTCE ADJUSTMEm d RTJECTTON ttifj'd$&F{t !
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! Tl c hllowi rg p ." rdru.lmenB based or qua,b oer,m nddol. I dde in t!
.,.51
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='***n-treia?;fr A-ffi-$ffi Efl
€E:ters-i'%-:-:iEaA*iF:&-,18:.-.*.-.-.-
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Tl"'! hrl o" 10 J 1 p.,oa,rd ii h"r lol iudt.nr"d?i L,, t p,odr r"
r"'r d d- b-".e ".d.bn O.tpr,.F,,,e Br.. ^
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! remivingrh.prcducranda thetosses shall be in the a..ounrorthe se
er
! HiArJ!ZiitA.fr #Hr, Rft fl JFH&rnt)#l*,8, 6rU*rilE{t&trjgrtAll
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-"fri:f *s-L'y".fri.-iE?i"1i6a*fi
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ownexp.os.s
ifri;fifr Tffi fr
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fi';;Eiai,-,;f :?b-u.y"*R1"- -.* *
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I B(,YER or SELLEn.hatledgcs the results ot the
CeltiRcate orAnatysis, lvrthin
! fiftcen (r5) worrrnsdays afte.bcins advjsed orthe rcsutts
ot 3natvsk BUYFR
I d\ i fR,)\Fqd.r" Ir"."., Lr".alot".o.4po1.- tr,t_pn 1.o
! coal to whjch rhe c.nificatc oiAnalysis r.:ares bc forthwith
anJt),zcd by rn
"i indipendenthboniorymuiurlyagr.ed bySFLLERrndBUyr,R,su.hanatysis
! to bc undc.raken rn accordaice lvith the anatysh sLlndard.
\ and rhc resulLs
Lhe.eor to be r.co.ded in a w.itlen certjticat. ,cdrific.re
! qn.l,$\ ) Esued hy.n indLpendenr t.bocrurv aa of Furrhc.
i I r,, th,., &68 .h4d :... aeLd6E,, Rre.rcdnrs, r^ _(
t
t!ittr{** 6+rt{t E kfjrq nft*dlltf !6trj&J*A!rl H&S.}
IE I JH&ll+.tt *nst I6i. ul&rlifr,,tro#r frfii*fffi**il*
R Lrl+6
r/ Lre d4dr'..Fn. -0fl: ?b"mts..,.9r+,
4I*lJ+4ii4Bdlgiti{-try#6i tA+F"
IO, PAY]!{ENT fiAii
rl r wjthin 2 (rwo) wo*in8 days afte. signi.g rhe contrad, BUYER stra issue l
Application L/C forSELLER,s ap!.!rd and SELLERshalthsu. a Apptjcarion 20lo
PBlorBlJYijR'srpp.ov,l
:1t ,l$AE2+ t",it EA,\ jr1I F1"rHiiE,trfr ilflt, fi ir..r!':ttiz0,6R..r
fr6+#+nItlr]!fti.
112 After rc.crvirydre,,\pplicah.ns, both paftic. shll conn.m the comoots ot rhe
L/c and PB and.epiyro.ounterpadywithin 2 (tuo) workrnsdays
t+{ttJ 4, ni+,E-, &t ffi*.ifitlliE&&i!!Rts A afiffi ir.,+J ,q l" rit
!t lt
113 Wjrhin 5 Banking days atier signing otc.ntac SELL|Rt bank sha issue 2%
t.trlcontrad value oiopc.3tive pB ro BUyER s nominated Bank with a rcrns
io.onformirywithrhkCootrad, pBissuingbaoksha confirntobuyo.sbaDk
by swift. Buye.s Bank issuing operatrve 100 ./i L/c ro se eN Bank \{irhin 5
bankjns days aft er Fccipt operativc pB"
A4rS3,t' ! 5 tr1! !6, i.tiIlSitD]IE 2%l}Fj.e.frBrr(pSti,rtdR
4lRE SIiA1;. +i&ii+ rSli *rfifrt ltt cfi Sl ,fi;!/r #l ps flr swrFr.
Er
i6h. *t6!l&lif 5 +fi1t9 j! U BTA d I,'Fl:.Jf rtt 6!,E itFt pB r.
):i frii ffiF e,€ a 100%f{r{":Eiir4itlr!16.
( ,,,1
r\t ett - ) f
"' 'ir''T:,,o1,?,f ::iT;a-%1:*dr"y-ii*--:fl-;€ i.., -d-iF,.--tr: ? - - ", -
F 1d ni'"1eo,,d.r r.,. Li_ ir.F i\betow.
!
tl SEL|,ER fajts to tu1fil] drc confua.t oftaih to wholly @mplere
dre.ontn.tcd
shiphent wirhin rh. stated period, thr pB shal be pajd to
BUYER as
l _uU.P(
',oF2AO7 | l](]-rr"/ 0. t,, oLot. I.onNo.out
4Flt)cP Bit.ffiLj{/Jl lcc +, 6d0 /"i.
tv 10j q
-- *.lff t:r-t--t:,cT --t-:T;-i.-.ffi?fr.-"f,1*,ii, fr:,";i. *".f, -*- "
j:,6&#&U ir-iEh,n- 6lr (1) +a#Er'll,rffii .
12.2 Ba*d on BUyER,sadvice ofthe vdssel s arrivat, SLJ,LEn shalt, betbre such
|! i L f?)..
6UE e,i d 4 i Err
bJ$y,Fcg qdUq,
c $E'j d&
a6 .qnq t,tqFAE (efflE . Et,doq/^lE,!&dt-lh
r<"
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15. FORCEMAIEURT ACIfi'
No hilur. ordclay by eithe.farty he.eio ro perto.m jts obtigarions hereunde.who !,
or rn tart due to rh. o.(u.rence oiany evcnt oi !c For.e lllateurc shr be dee.ied r
br.rch oi thh Contrac! Uowever, thc pa.ty so affccicd, sha be obtigat.d to take ihc
rcasonable mcasur.s ro nrtic:re a.d.e{iuce rhe ihpact so that rh. perto.man.o ofirs
obligation maybe rcsuned assoonas porsjble.
JjBA4+$rEZ. dfi /]Sliiittf]11fj-i+f?rIjBEUf l.6rrii1ffi !4, TE&
,!*i-f lrFiint! " Is EA*fi t lj H \+nn*q\Aqfi ffi dk.1i iIfi ,ER, r_1rE
E+Jlf.E\*t181- .
ThF liorce llajeurc h..eiD shall mean su.h.venrs which rtu bevond the control orthe
d n lP.'Po 1nh|n.oepno ppfo' 1d.pdo- 1-l:d. r/."fiq.,. 1
.,1.1 .,o"b rord" ,lrorh"torto4'lg 'nr
r,ti{i flrT nr*il el:fi1trl ' Evr6t i! lrti,l'E6rlfig1+, aieJSi,|'zrililir,)!rrfi{ul
i:ti. Zialit:r#tlliEEt6uTR+uT*{,1,,
Acts otCod, war (dcdd.rd or undeclarcdl; r.rro.ism, civiLwar, civitdEnrrbanco,.iots
$rikes, and order of cour or adminisr.ative authoniy
Thc rward rend..ed in any arbftntioh that .onmenced hsreunder shal Le finat 3nd
bindrng upon thc padi.s. Both ,luYER and sEt_t.ER hcrcby r.ndlnce then righs n)
a!pcal tr.m the deckion ofrhe arbit.ators and waiv. ihe applicabjlty otrny,fovision
otlaw!ha!would otheMisc pcrhits a Pa.tyto apFeat the decisions otthc !.brt.aror.
Dcmurrage money shall be paid by SELLER ro BUYaR fo. time lost after expimtion ol
aLlowable lay rime ar the .ates jn acco.dance to ihe Vessel Chad.. Party AS.ccmcnr.
Despath money shall bc paid by BUYDR to SELLIR for lay rime saved ar dre ores or
01"l.r' ..r
'0".R"-.1 .tbppadfroa.b-
o 'rdtr ( I/
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*'*-'qfrb-d*;F-E'4:ii?-;?f,q,,-;.?ffifr":-,n?!.--.:i.f":-r-+.r,-,FE-:;..-^
' :/r .r€X[rbr!n* ApJfl,Bsi._'t,F'trdqqq€!]Ji .,F,1.;
" TE Xtjjt!4tnftM+4"
Such dcmurage or dkpltch mohey.hx be sctded bcrw.e. the BUyER and SELLER
srthin rhiny (30) dtrrs after rhe c.npletion of l..ding of rhe Vesset srblcct to drc
paftiesha!ing.eachedag.eementondicamornrofsuchdenurrageordkpatchmo0ey
.nd shall not constitute any part olthe Faymenr as provided for;n gni.t"s r, ona i
hpr..r
fr$Ai{* j€*!yitAf t{l*+t4HZ Ei!30 E Ur(n j*#
si{c*is&it&A!hi{n)E. ss{fi *isafi^4X*{r,.2-@{{.t,
{l.}^{rri^ +HilJE )i. L*fr,
,! illli'rr {tt.
DElDFRETGHT ?tld
lhe owncr/naster/agents ot th. vessotnonjnated to SELLER bv BUyfRsha Jc.Ldr.
1".osrg.oldr'o..,lR"ro.rr.".,oEq, .., o",-. t r, p o oJ \.r
ih. vesscl at th.loadjngpo( on.e ihc *ow:ge plan is decta.ed, SELLER shat tord th.
o, ",| '\"ordr. no,,l"r'd11'1" r {dsdoJ 4 on,.tor"g, ot ..".r/
o" l ll P r,l p"J d""o g1' ., l r .rpry, A r
sh.rta8e oiquandry hy rhc licighrolrhc vcssel nomih:tion toSELLtn.
jlt#;!4i6#lg,lf , R'r.4ft44df jiB6i[*8"[, UHl.ftlltlii€11f{rnt {ra
*'d,{fi4l.tgfE*+gl. -EiEh rma+njl, 4il\yJfr RArd*i'l{d,i,it
tuf!&s:&&. *t+,t*ffi h't*&, rt;fill{tJf6/}" +At{ l+ft*)ba
E{t B'!fr 6* rtlH;€fi tEfu Ef ft S"
NOTICES iE"
Unless mutually agr.rd t,.r
speciffcallyothcrutse p.ovided to. rtl noiices ro bc gtvcn
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b P.rtyshall bo in MitjnB ahd sent to the other pa.gr's addrcss sp..ified below or to
n,ch otheraddrcs a P:.q' h:yspeciv and shaLl bc deened to be prop.nyqiven {j) ir
0"tr- d011- L pur r" qDr , ,. \p l,,rid.-"d1Jr 1,: r,r In":r. ror'
\rith po$rge prcpajd, upon receiptiand {iir) il grvcn by facsrmild, relryrrm or relex,
cmail, on the day ilvhich r a workng day at ih. pbce ol addrest inmediarely
followjnE the date on whi.hthe fa$imile,telesram or tolcx, cmarl rsscnt:
[+]F,J!tilE rt96€rrl*p, fra+ -)il1!Jfrn$4f"fi6{eri:+[a 9 t r.
il4l i "IF:fi 414t&it, iI.il/t:dtlniEjSi{it i) 4rR/\f :r!tr,
lfi h!fr (
qianEhaoTl@sailcoh
MTZHAOQIANC
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'I o SELLER
4*t
PT. CEQUAI, TEXNOI,I)CI INDONESIA
(onpLek Pe.iantoEh lTc Dut: Ilas
RaF latmalvf
Telcpbo.e Number illiil
rp 'u ')l
'p:f 4:a-dtu?ft fl Fsffi :,,"ffi .fr ti"is"*,.-,ft rdG j-h;FF.-.-.*-5
i*"-'i""]?ffi .r ha\" ro rctrfo, roPrrry4.
'I *tst,"x*tE^*trtt4&. *E'&tift fi R*t8tsHlE,fl*, F**t**
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ll,-YIEss
hrs_LorFrct io b. ehrlld by th€ir tuty.urlork d ^cEr{T oF BlryER hlre eu.d
I! FprsenratieEs s of Demb.r
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(d.r.)-*aEEU*t.
0q/2011
q08E (Et ) +tt.
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! PI. N$A M11'M! RESOURCES !'bK
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