<Draft for GCV 5300arb> COAL SALES & PURCHASE AGREEMENT No. This agreement made this date ………….. between : SELLER: , anized and existing under the laws of , (hereinafter referred to as “Seller”), having its registered office at and BUYER: DEFINITIONS In this Agreement unless the context otherwise requires: i “adb” means air dried basis.
ii “arb” means as received basis. iii “Bill of lading” means the bill of lading issued by the vessel owner to the Seller in respect of the stated amount of Coal in a particular shipment. iv “Business Day” means the period between the hours of 8am to 4pm on a day other than Saturday, Sunday or any public holidays. v “Cargo” means cargo of approximately 50,000 MT +/-10% as per Seller’s option. vi “Coal” means legal steaming coal produced for the Seller from South Kalimantan area, Indonesia. vii “Contract Quantity” means approximately 50,000 MT +/- 10% as per Seller’s option. viii “Delivery Point” means the free on board vessel at the Loading Port. xi “Demurrage” means a charge payable in the event the Seller is unable plete loading a ship within Laytime. x “Dispatch” means the charge payable in the event the pletes loading the ship before the end of Laytime. xi “Loading Port” means the vessel anchorage at Tanjung Pemancingan, Indonesia, or such other port as the parties may agree to in writing. xii “Kcal/Kg” means
