FTN EXPORTING SMICE EXCHANGE
© FTNX: Australian Business Number ABN:B2144654K
AGI: Education Division: Buyers/Sellers ABN:B2043651G
P.O BOX 468 CARLTON NORTH 3054
MELBOURNE, AUSTRALIA Facsimile: (61 03 ) 9347 0003
E-MAIL Private:
No phone numbers provided until contract issuance
XXXXXXXXXX Reg No XXXXXXXXXXXX
e-mail:XXXXXXXXXXXXXXXXXXXX
AUTHORIZED AGENT OF FTN EXPORTING
Offer to Sell Defined Product.
Offer Subject to Contract Issuance and Final Availability.
Transaction is registered via

I, Davide Giovanni Papa CEO of FTN Exporting as seller acting on behalf a undisclosed principal do hereby offer the following product, as per specifications terms and condition.

PRODUCT DETAILS
Transaction code FTN-GENDP-0095
Date of issue December 13th 2011
Validity December 20th 2011
Offer Black Coal NCV ARB 4754 Kcal/Kg
Equivalent to:GAR 5000/4800
Inspection: SUCOFINO
Origin Indonesia
Seller FTN Exporting
DESCRIPTION

No.Parameter BasisTypicalRejectionUnit
01Total MoistureARB22.9>25.0%
02 Inherent MoistADB9.3>12,0%
03Ash ContentADB7.2 >11.0%
04Volatile MatterADB42,2%
05Fixed CarbonADB41.2%
06TotalSulphurADB0.57Average %
07Gross Cal Val ADB5948 Kcal/Kg
08Gross Cal Value ARB5087Kcal/Kg
09Net Cal ValueARB4754 Kcal/Kg
10GrindabilityHGI 47
11Hydrogen (HD)Dry Basis5.47%
12Sizes 0-50mm92% plus
13Ash Fusion Temperature IDT1194 Degrees Celecius
14NitrogenDry Ash Free Basis0.88%
SIZE ABOVE 50 mm 4.8 % Under 2 mm 21.1%

QUANTITY
One Shipment: 50,000 MT -/+10% PER MONTH
Contract Period : 12 MONTH -/+ 10%
Total Contract Quantity : 600,000MT -/+ 10%
PAYMENT OPENING DLC VALUE AT PRICE OFFERED
Tolerance factor to the DLC Value as per UCP600 is set at -/+5%
DELIVERY INCOTERMS 2010
FOB INDONESIA
Loading International Bulk Terminal North Pulau Laut
Panamax Gear less vessel accepted
South Kalimantan Indonesia
FIRST DELIVERY 23 January 2012
45 days Final Offer/ Acceptance Date
DELIVERY DOCUMENTS
1/// Unless indicate otherwise to indicate BOL will be secured by the Buyer , the Seller will advise a Clean on Board marine Bill of Laden Marked to 'Order', Notify party FTN Exporting, endorsed in blank to End Buyer taking possession of goods.
2/// Sellers invoice defining all debits /credits
3/// Certificate of Origin applied as debit for the account of the Buyer
4/// SUCOFINO Certificate of Quality/Analysis
5/// Export Permit .
PAYMENT ADVICE (Mark One with X)
(a) Payable 100 % at sight of clean documents. Bank issued UCP 600 formatted DLC advised from top 200 world ranked bank Irrevocable Transferable active DLC. All transfer fee's payable as a cost made for the buyer on demand.
(b) UCP 600 formatted Irrevocable DLC not Transferable but advised as Confirmed to Seller bank. Please added operational expense of USD$2.75 per MT to price ( )
SELLERS BANK
WESTPAC CORPORATION MELBOURNE AUSTRALIA.
CONTRACT VALUE PAYMENT (A)
Unit Price: USD$92.00 Per MT FOB INCOTERMS
DLC issuance value: USD $4,600,000.00
Opening revolving value at 3: USD $13,800,000.00
Total DLC Issuance value: USD $55,200,000.00
PURCHASE PROCEDURES:
Internet Document Allowed . E-mail document allowed.
1/// Offer advise by seller . Buyer signs as accepted and legally binding .
Offer accepted within 5 days to ensure delivery date .
2/// Contract Issued via e-mail . Buyer signs as formal . Hard copies mailed.
7 days of less - Internet PDF contract copy keeps transaction valid and active.
3/// DLC advised- within 5 days of contract- Upon Acceptance;
4/// SMICE supplier declared.
6/// Buyer advises Vessel details/Name / ETA Arrival 72 / 48 / 24 / 12 hours
7/// Vessel details confirmed. Seller advises Lay can / Berthing / Wharf details.
8/// Delivery Clean on on board enacted. Delivery documents presented.
9/// Collection applied for . Transaction Done. Ship arrives.
10/// Buyer takes possession of goods at port of unloading, inspects such within 30 days and indicates goods arrival in good order without rejection.
11///Next shipment delivered 35 days from first thereafter.
PERFORMANCE GUARANTEE: LDD

LDD( Late Delivery Discount ) if offered by the seller of USD$2.50 Per MT for each shipment delivered late as per contract schedule. Discounted on sellers invoice to buyer against the price of goods or made payable directly to buyers nominated account , when such failed delivery is apparent , 7 days there after.
Note: Buyer and seller agrees whoever is at fault bears burden of any consequences related to matters of shipping as per Incoterms 2010 delivery. Please also note, any changes to the offer rejects the offer.
MINIMUM RULES OF TRADE:
UCP600, Incoterms 2010, URC522, English Language, English Foreign Law Governance, LCIA (London Court of International Arbitration Rules, for the settlement of disputes, Intermediaries transaction on this offer URPIB rules apply.

Offer made with good and honourable intent.
Davide Giovanni Papa
FTN EXPORTING

9/12/2011
END BUYER ACCEPTANCE
I/We the below said buyer do hereby accept this offer as legally binding once accepted , with good and honourable Intent.
CORPORATE NAME
IMPORT MANAGER NAME
POSTAL ADDRESS
CONTACT NUMBER
EMAIL
WEBSITE
BANK NAME ISSUING DLC
COUNTRY
PRINT NAME
SIGNED
DATED
SELAED
Please return to agent providing this offer and not FTN Exporting