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What is Letter of Intent for Coal Purchase about?

Hengshan Holding Group Co., Ltd., a coal producer in China, has issued a letter of intent to purchase 250,000 wet metric tons per month of steam coal from Indonesia at a price of $6300-6100 per ton on a CIF basis. The coal must have a net calorific value of 3800-4600 and will be inspected upon loading in Indonesia and discharge in China. Payment will be made through a letter of credit with 95% paid upon loading and 5% upon arrival in China.

Author

rudiawan

Language

EN