Step 1: INQUIRY
Coal requirement/inquiry/needs in a Letter of Intention (LOI) with details:
- Quantity (e.g. 50,000 MT/month)
- Coal Specs
- Target Price (if any)
- Destination Port & Incoterms (FOB/CIF)
- Payment Terms (L/C)
Step 2: INITIAL OFFER
Full Corporate Offer (FCO) or Initial Offer as the response of your Letter of Intention (LOL).
Step 3: COAL SAMPLE
Coal sample with the lab analysis.
Step 4: NEGOTIATION TIME
Negotiation between Buyer and Seller to reach mutual understanding between both parties.
Step 5: DRAFT CONTRACT
Draft and review the Sale and Purchase Agreement (SPA) until both sides agree and sign the contract.
STEP 6: PAYMENT INSTRUMENT OR OPENING L/C
Advice regarding the L/C clauses, ensure the terms are match with the contract, etc.
STEP 7: PRE-SHIPMENT MONITORING
We will monitor the production progress at the mine, the stockpile quantity, arrange third party inspection (SGS), etc and do the real time report.
STEP 8: SHIPMENT MONITORING
Monitor flow of the goods, start from stock pile to jetty, barging process to mother vessel and do the real time report during the loading process.
STEP 9: POST-SHIPMENT SUPPORT
We will ensure all the documents are proper, fully strict compliance to the L/C requirements, and follow up to Seller to make sure all sent to the Bank on time and send the copies needed to you.
Coalterra Indonesia 