AGREEMENT

FOR SALE & PURCHASE OF COAL

BETWEEN

A.SUGIANTO As
“ SUPPLIER / CO-SELLER BENEFICIAY”

AND

PT……………………………..
As

“ BUYER “

REFERENCE

No : SGI-22092023
Date: SEPTEMBER 22, 2023
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1. SUGIANTO, A OWNER INCORPORATED UNDER THE LAW OF REPUBLIC OF

INDONESIA, HAVING ITS ADRESS AT, ……… INDONESIA HEREINAFTER REFFERED
TO AS THE “SELLER BENEFICIARY”;

2. …………………… CO.,LTD , A COMPANY INCORPORATED UNDER THE LAW OF

REPUBLIC OF …….., …………………., …………….. HEREINAFTER REFFERED TO AS
THE “BUYER”;

INDONESIA STEAM COAL CONTRACT

A.SUGIANTO, HEREINAFTER REFERRED TO AS "SELLER" AGREES TO SELL

AND………………..,LTD, HEREINAFTER REFERRED TO AS "BUYER", AGREES TO BUY THE
COMMODITY ACCORDING TO THE SPECIFICATIONS BELOW AND ON THE FOLLOWING
TERMS AND CONDITIONS.

1. COMMODITY : INDONESIA STEAM COAL (NOT COOKING COAL)

2. QUANTITY : 50,000 MTS +/-10% ON EACH VESSEL AT BUYER’S OPTION

3. LOADPORT : MUARA TABONEO SOUTH KALIMANTAN

4. SHIPMENT PERIOD : ........-...... DESEMBER 2016

EXACT 14-DAY LOADING LAYCAN IS TO BE MUTUALLY DISCUSSED AND
AGREED,MUTUALLY AGREED THAT ONCE LOADING LAYCAN IS
ACCEPTED, VESSEL CAN ARRIVE ANY DATE WITHIN THE LAYCAN.

5. QUALITY : ACCORDING TO ASTM STANDARDS BASED ON BUYER’S OPTION FOR

SAMPLING AND ANALYSIS: NON SPESIFICATION

6. MINING/IUPOP: PT. BINUANG MITRA BERSAMA

7. PRICE : PRICE SHALL BE FIXED AT US$ XX (US DOLLAR XXXXXX ONLY) PER METRIC
TONNE, FOBT MOTHER VESSEL 1 S/A MUARA TABONEO ANCHORAGE, SOUTH KALIMANTAN,
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INDONESIA BASIS XX KCAL/KG (GROSS CALORIFIC VALUE AIR DRIED BASIS) FRACTIONS PRO-
RATA INCLUDING ALL RELEVANT EXPORT DOCUMENTS.

8. WEIGHT DETERMINATION :
A DRAFT SURVEY BY PT. SUCOFINDO (LTD) SHALL BE CARRIED OUT AT THE PORT OF
LOADING. THE CERTIFICATE OF DRAFT SURVEY SO DETERMINED SHALL BE FINAL
AND BINDING ON BOTH BUYER AND SELLER. COST INCURRED PURSUANT TO THIS
CLAUSE SHALL BE BORNE BY THE SELLER.

9. SAMPLING/
ANALYSIS : SAMPLING AND ANALYSIS SHALL BE CARRIED OUT AT THE PORT OF
LOADING BY PT. SUCOFINDO (LTD) IN ACCORDANCE WITH ISO
STANDARDS AND SHALL BE DIVIDED INTO:
 1 (ONE) SAMPLE FOR CARGO ANALYSIS,
 1 (ONE) SAMPLE TO BE SENT TO THE BUYER,
THE CERTIFICATE OF SAMPLING AND ANALYSIS ISSUED BY PT
SUCOFINDO (“COA”) SO DETERMINED SHALL BE FINAL AND BINDING ON
BOTH BUYER AND SELLER. COST INCURRED PURSUANT TO THIS
CLAUSE SHALL BE BORNE BY THE SELLER.

10. QUALITY ADJUSTMENT (NON BONUS & PENALTY):

11. PAYMENT : PAYMENT WILL BE MADE BY IRREVOCABLE USSANCE L/C ISSUED BY

FIRST CLASS BANK. THE LETTER OF CREDIT MUST BE OPENED BY THE
BUYER NOT LATER THAN 21 (TWENTY ONE) CALENDAR DAYS BEFORE
THE FIRST DAY OF LAYCAN.THE BENEFICIARY UNDER THE LETTER OF
CREDIT SHALL BE STATED AS PT. TRIMITRA SINERGI SAKTI ADDRES AT at
JL.CEMARA VI/25 KECAMATAN SERPONG UTARA, TANGERANG
SELATAN INDONESIA

Bank Coordinate:

Bank Name :PT. BANK MANDIRI TBK

Bank Address : Depok City
Swift Code : BMRIIDJA
Account Name : A.Sugianto
Account Number :xxxxxx USD
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Bank Officer : MR Juniar

Telephone Number : +6221 5372607 FAX +6221 5373144
Email Address : Sugianto.asl01@gmail.com

ALL BUYER’S BANK CHARGES TO BUYER’S ACCOUNT AND ALL SELLERS’ BANK CHARGES TO
SELLER’S ACCOUNT.

12. DOCUMENT
REQUIREMENT :
BENEFICIARY TO PRESENT THE BELOW FOLLOWING DOCUMENTS TO THE BUYER'S BANK
FOR BANK ACCEPTANCE BEFORE SHIPMENT:
1. SIGNED ORIGINAL COMMERCIAL INVOICE IN TRIPLICATE
2. FULL SET REPORT OF ANALISIS ISSUED BY SURVEYOR INDEPENDEN
AND AFTER SHIPMENT ADITIONAL REDACTION DOCUMENT FOLOW:
3. CERTIFICATE OF ORIGIN ISSUED BY THE AUTHORIZED LOCAL INSTITUTION OR
DEPARTMENT OF TRADE IN INDONESIA OR PT.GEOSERVICES IN ONE ORIGINAL AND TWO
COPIES.
CERTIFICATE OF SAMPLING AND ANALYSIS ISSUED BY PT. GEOSERVICES AT PORT OF
LOADING IN TRIPLICATE ORIGINAL, CERTIFICATE OF WEIGHT BY
DRAUGHT SURVEY ISSUED BY PT. GEOSERVICES/SUCOFINDO/SGS AT
PORT OF LOADING IN TRIPLICATE ORIGINAL

SELLER TO FAX/EMAIL ALL DOCUMENTS WITHIN 5 WORKING DAYS

AFTER BUYER ISSUED THE LC.

EXCEPT FOR THE FOLLOWING DOCUMENTS SELLER SHALL FAX/EMAIL

WITHIN 5 WORKING DAYS AFTER ISSUED THE LC.

13. MARITIME CONDITIONS:

A) NOMINATION OF VESSEL

BUYER TO NOMINATE TO SELLER THE VESSEL AND TONNAGE TO BE

LIFTED AT LEAST 7 (SEVEN) DAYS PRIOR TO ETA OF THE PERFORMING,
WHOSE ACCEPTANCE OF THE VESSEL AND LOADING LAYCAN SHALL
NOT BE UNREASONABLY WITHHELD. SELLER TO REPLY WITHIN 24
HOURS (INCLUDING ONE FULL WORKING DAY). NOMINATION TO
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INCLUDE CHARTER PARTY DETAILS SUCH AS DEMURRAGE/

DESPATCH.

B) NOTICES
BUYER SHALL NOTIFY SELLER AND HIS PORT AGENTS AT LEAST
SEVEN DAYS, FORTY EIGHT HOURS AND AGAIN AT LEAST 24 HOURS
PRIOR TO THE ESTIMATED ARRIVAL TIME OF THE VESSEL AT THE
PORT OF LOADING.

VESSELS SHALL BE CONSIGNED TO A LOADING PORT AGENT

APPOINTED BY BUYER AND RECOMMENDED BY SELLER DURING
VESSEL ACCEPTANCE. LOADING PORT AGENTS THAT ARE
ACCEPTABLE BY SELLER ARE AS FOLLOWS:

PT. INDO DHARMA TRANSPORT

JL. BERLIAN 10, BIDARACINA - JATINEGARA, JAKARTA 13330,
INDONESIA PHONE : +62.21 8591-4356 (EXT. 710) | FAX : +62.21 8591-
4360 / 61 (GENERAL) MR. DADANG SONDA. EMAIL ADDRESS :
dadangsonda@idt-shipping.co.id

C) NOTICE OF READINESS (NOR)

NOTICE OF READINESS TO LOAD SHALL BE TENDERED BY MASTER IN
WRITING TO THE SELLER OR ITS AGENTS ANY TIME ANY DAY.
SUCH NOTICE OF READINESS SHALL BE TENDERED WHEN THE VESSEL
IS SAFELY ANCHORED IN THE LOADING POINT AND IS IN ALL
RESPECTS READY TO LOAD THE CARGO.

IF THE VESSEL IS PREVENTED FROM ENTERING LOADING POINT BY

ORDER OF ANY COMPETENT OFFICIAL BODY OR AUTHORITY, AND
THE MASTER WARRANTS THAT THE VESSEL IS PHYSICALLY READY IN
ALL RESPECT TO LOAD, HE MAY TENDER NOR BY RADIO FROM THE
USUAL ANCHORAGE, WHETHER IN FREE PRATIQUE OR NOT AND/OR
WHETHER CUSTOM CLEARED OR NOT. IF THE VESSEL IS FOUND NOT
TO BE READY, THE TIME LOST FROM DISCOVERY THEROF UNTIL SHE
IS READY SHALL NOT COUNT AS LAYTIME OR TIME ON DEMURRAGE.
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NOTICE OF READINESS TO LOAD SHALL NOT BE TENDERED BEFORE

THE LC SWIFT HAS BEEN RECEIVED.

D) LAYTIME
LAYTIME FOR LOADING SHALL COMMENCE 12 HOURS AFTER NOR IS
TENDERED UNLESS SOONER COMMENCED IN WHICH CASE ACTUAL
TIME USED TO COUNT.

IN THE EVENT THAT THE VESSEL ARRIVES AT THE LOADING PORT

BEFORE LAYCAN DATE, THEN NOTICE OF READINESS WILL BE
TENDERED ON THE FIRST DAY OF LAYCAN. IN CASE THE VESSEL
ARRIVES AT THE LOADING PORT AFTER LAYCAN, THE LOADING WILL
BE ON FIRST COME FIRST SERVE AND LAYTIME WILL COUNT FROM
COMMENCEMENT OF LOADING.

LOADING SHALL BE DEEMED COMPLETED AND LAYTIME AND/OR

TIME ON DEMURRAGE SHALL STOP WHEN THE SELLER GIVES THE
PEMBERITAHUAN EXPORT BARANG (THE “EXPORT DECLARATION
FORM” OR “PEB”) TO THE BUYER’S SHIPPING AGENT OR THE LOADING
AND TRIMMING IS COMPLETED, WHICHEVER IS LATER.

TIME USED FOR FIRST OPENING AND LAST CLOSING HATCHES SHALL
NOT COUNT AS LAYTIME OR TIME ON DEMURRAGE.

TIME USED FOR INITIAL AND FINAL DRAFTSURVEY AND

INTERMEDIATE DRAFTSURVERY REQUESTED BY BUYER/OWNERS
SHALL NOT COUNT AS LAYTIME OR TIME ON DEMURRAGE.

PERIODS OF BAD WEATHER, DULY CONFIRMED BY THE STATEMENT

OF FACTS, SHALL NOT BE COUNTED AS LAYTIME UNLESS THE VESSEL
IS ALREADY ON DEMURRAGE.

ONCE ON DEMURRAGE ALWAYS ON DEMURRAGE TO APPLY.

E) LOADRATE
I). THE SELLER SHALL LOAD THE COAL ABOARD HANDY SIZE OR
HANDYMAX GEARED VESSEL AT THE AVERAGE RATE OF 8,500
METRIC TONNES PER WEATHER WORKING DAY OR PRO-RATA FOR
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ANY PART OF A DAY OF TWENTY-FOUR (24) CONSECUTIVE HOURS,

SUNDAY INCLUDED EXCEPT MAJOR INDONESIAN NATIONAL
HOLIDAYS.

II). THE SELLER SHALL LOAD THE COAL ABOARD PANAMAX GEARD
VESSEL AT THE AVERAGE RATE OF 12,000 METRIC TONNES PER
WEATHER WORKING DAY OF TWENTY-FOUR (24) CONSECUTIVE
HOURS, SUNDAY INCLUDED EXCEPT MAJOR INDONESIAN
NATIONAL HOLIDAYS.

III). THE SELLER SHALL LOAD THE COAL ABOARD PANAMAX GEARED
VESSEL WHICH HAVING MORE THAN 7 HOLDS – 7 HATCHES
MAXIMUM 9 HOLDS – 9 HATCHES AT THE AVERAGE RATE OF 10,000
METRIC TONES PER WEATHER WORKING DAY OF TWENTY-FOUR
(24) CONSECUTIVE HOURS, SUNDAY INCLUDED EXCEPT MAJOR
INDONESIAN NATIONAL HOLIDAYS

IV). THE SELLER SHALL LOAD THE COAL ABOARD PANAMAX GEARED
VESSEL AT THE AVERAGE RATE OF 10,000 METRIC TONNES PER
WEATHER WORKING DAY OR PRO-RATA FOR ANY PART OF A DAY
OF TWENTY-FOUR (24) CONSECUTIVE HOURS, SUNDAY INCLUDED
EXCEPT MAJOR INDONESIAN NATIONAL HOLIDAYS

F) STEVEDORES DAMAGE
STEVEDORES AT THE LOADING POINT APPOINTED BY THE SELLER
SHALL BE UNDER THE DIRECTION AND CONTROL OF THE MASTER OF
THE LOADING VESSEL. THE MASTER IS TO NOTIFY THE STEVEDORES
OF DAMAGE CAUSED BY STEVEDORES, IF ANY, IN WRITING WITHIN 24
(TWENTY-FOUR) HOURS AFTER OCCURRENCE OTHERWISE THE
STEVEDORES SHALL NOT BE HELD LIABLE. SUCH NOTIFIED DAMAGE
IS TO BE SETTLED DIRECTLY BETWEEN THE VESSEL OWNER AND THE
STEVEDORES BUT IN THE EVENT THAT THE VESSEL OWNER CANNOT
REASONABLY OBTAIN SETTLEMENT WITH THE STEVEDORES THE
SELLER SHALL ENDEAVOUR TO WORK OUT A SETTLEMENT BETWEEN
THE VESSEL OWNER AND THE STEVEDORES. ANY STEVEDORE
DAMAGE EFFECTING VESSEL’S SEAWORTHINESS TO BE REPAIRED
IMMEDIATELY AND ANY TIME THEREBY LOST TO COUNT AS LAYTIME
OR TIME ON DEMURRAGE
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G) DEMURRAGE AND DESPATCH

CALCULATION OF LAYTIME ALLOWED IS BASED ON BILL OF LADING'S

QUANTITY AND THE LOADRATE SPECIFIED IN CLAUSE 13.E. IF THE
VESSEL IS LONGER DETAINED BEYONG THE LAYTIME ALLOWED, THE
SELLER SHALL PAY THE BUYER DEMURRAGE, OTHERWISE, THE
BUYER SHALL PAY THE SELL DESPATCH.
DEMURRAGE/DESPATCH RATE AT LOADPORT TO BE ADVISED AT THE
TIME OF BUYER’S NOMINATION OF THE VESSEL.
DEMURRAGE/DESPATCH TO BE SETTLED PROMPTLY WITHIN 30 DAYS
AFTER COMPLETION OF LOADING AND AGREEMENT BETWEEN BUYER
AND SELLER ON CORRESPONDING LAYTIME CALCULATION.

H) ALL OTHER MARITIME TERMS AND CONDITIONS SHALL BE AS PER

THE GOVERNING CHARTER PARTY.

14. TAXES : ALL TAXES, EXPORT DUTIES AND LICENCES OR LEVIES IN INDONESIA ON
THE EXPORTED COAL ARE FOR THE ACCOUNT OF THE SELLER.

15. TITLE/RISK : TITLE AND RISK TO PASS FROM SELLER TO BUYER AS THE CARGO HAS
LOADED ONBOARD MOTHER VESSEL.

16. FORCE MAJEURE : NEITHER SELLER NOR BUYER SHALL BE LIABLE IN DAMAGES OR
OTHERWISE FOR ANY FAILURE OR DELAY IN PERFORMANCE OF ANY
OBLIGATION HEREUNDER OTHER THAN OBLIGATION TO MAKE
PAYMENT, WHERE SUCH FAILURE OR DELAY IS CAUSED BY FORCE
MAJEURE, BEING ANY EVENT, OCCURRENCE OR CIRCUMSTANCE
REASONABLY BEYOND THE CONTROL OF THAT PARTY, INCLUDING
WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING,
FAILURE OR DELAY CAUSED BY OR RESULTING FROM ACTS OF GOD,
STRIKES, FIRES, FLOODS, WARS (WHETHER DECLARED OR
UNDECLARED), RIOTS, DESTRUCTION OF THE MATERIAL, DELAYS OF
CARRIERS DUE TO BREAKDOWN OR ADVERSE WEATHER, PERILS OF THE
SEA, EMBARGOES, ACCIDENTS, DISRUPTIONS OR BREAKDOWNS OF
PRODUCTION OR REFINERY FACILITIES, OR PREVENTION OR DELAY IN
LOADING OR DISCHARGING OF VESSELS OR BARGES DUE TO SUCH
DISRUPTIONS OR BREAKDOWNS, RESTRICTIONS IMPOSED BY ANY
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GOVERNMENTAL AUTHORITY (INCLUDING ALLOCATIONS, PRIORITIES,

REQUISITIONS, QUOTAS AND PRICE CONTROLS). THE TIME OF SELLER
TO MAKE OR BUYER TO RECEIVE DELIVERY HEREUNDER SHALL BE
EXTENDED DURING ANY PERIOD IN WHICH DELIVERY SHALL BE
DELAYED OR PREVENTED BY REASON OF ANY OF THE FOREGOING
CAUSES, UP TO A TOTAL OF THIRTY (30) DAYS. IF ANY DELIVERY
HEREUNDER SHALL BE SO DELAYED OR PREVENTED FOR MORE THAN 30
DAYS, EITHER PARTY MAY TERMINATE THIS CONTRACT WITH RESPECT
TO SUCH DELIVERY UPON WRITTEN NOTICE TO THE OTHER PARTY.

17. LAW &

ARBITRATION : THIS CONTRACT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH SINGAPORE LAW AND ANY DISPUTE ARISING OUT
OF OR IN CONNECTION WITH THIS CONTRACT INCLUDING ANY
QUESTION REGARDING ITS EXISTENCE, VALIDITY OR TERMINATION,
SHALL BE REFERRED TO AND FINALLY RESOLVED BY ARBITRATION IN
SINGAPORE IN ACCORDANCE WITH THE ARBITRATION RULES OF THE
SINGAPORE INTERNATIONAL ARBITRATION CENTER (“SIAC RULES”) FOR
THE TIME BEING IN FORCE, WHICH RULES ARE DEEMED TO BE
INCORPORATED BY REFERENCE IN THIS CLAUSE.

THE TRIBUNAL SHALL BE COMPOSED OF THREE ARBITRATORS, ONE OF

WHOM SHALL BE CHOSEN BY THE BUYER, ONE BY THE SELLER AND A
THIRD BY THE TWO ARBITRATORS SO CHOSEN. THE THIRD
ARBITRATOR SHALL ALWAYS BE A PRACTICING BARRISTER OR
SOLICITOR. HOWEVER, IT IS UNDERSTOOD THAT BOTH PARTIES SHALL
BE ENTITLED TO TAKE ANY REASONABLE MEASURES FOR THE
PROTECTION OF RIGHTS ACCRUED TO THEM BY THIS CONTRACT
WITHOUT PREJUDICE TO THE PROVISIONS OF THIS CLAUSE.
THE LANGUAGE OF THE ARBITRATION SHALL BE ENGLISH. THE
ARBITRATION AWARD SHALL BE FINAL AND BINDING ON THE PARTIES,
AND THE PARTIES AGREE TO BE BOUND THEREBY AND TO ACT
ACCORDINGLY. THE COSTS OF ARBITRATION SHALL BE BORNE BY THE
LOSING PARTY, UNLESS OTHERWISE DETERMINED BY THE TRIBUNAL.
THE TRIBUNAL SHALL STATE IN ITS AWARD IN DETAIL THE FACTS OF
THE CASE AND THE REASONS FOR ITS DECISION. THE AWARD SHALL
NOT BE SUBJECT TO APPEAL.
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18. LIABILITIES : IN NO EVENT SHALL BUYER OR SELLER BE LIABLE FOR INDIRECT OR

CONSEQUENTIAL DAMAGES OR FOR SPECIFIC PERFORMANCE.

19. ASSIGNMENTS : NEITHER SELLER NOR BUYER SHALL ASSIGN THE WHOLE OR ANY PART
OF ITS RIGHTS AND OBLIGATIONS HEREUNDER DIRECTLY OR
INDIRECTLY WITHOUT THE PRIOR WRITTEN CONSENT OF THE OTHER
PARTY.

20. LIQUIDATION
CLAUSE : WITHOUT LIMITING ANY OTHER RIGHTS THAT MAY BE AVAILABLE TO
THE LIQUIDATING PARTY (AS HEREINAFTER DEFINED), IN THE EVENT
THAT A PARTY HERETO (THE “DEFAULTING PARTY”) IS THE SUBJECT OF
A BANKRUPTCY, INSOLVENCY OR OTHER SIMILAR PROCEEDING OR
FAILS TO PAY ITS DEBTS GENERALLY AS THEY BECOME DUE, THE
OTHER PARTY HERETO (THE “LIQUIDATING PARTY”) SHALL HAVE THE
RIGHT, EXERCISABLE IN ITS SOLE DISCRETION AND AT ANY TIME, TO
LIQUIDATE THIS CONTRACT THEN OUTSTANDING BETWEEN THE
PARTIES (WHETHER THE LIQUIDATING PARTY IS THE SELLER OR BUYER
THEREUNDER) BY DECLARING ANY OR ALL SUCH CONTRACTS
TERMINATED (WHEREUPON THEY SHALL BECOME AUTOMATICALLY
TERMINATED, EXCEPT FOR THE PAYMENT OBLIGATION REFERRED TO
BELOW), CALCULATING THE DIFFERENCE, IF ANY, BETWEEN THE PRICE
SPECIFIED THEREIN, AND THE MARKET PRICE FOR THE RELEVANT
COMMODITY (AS DETERMINED BY THE LIQUIDATING PARTY IN A
COMMERCIALLY REASONABLE MANNER AT A TIME OR TIMES
REASONABLY DETERMINED BY THE LIQUIDATING PARTY) AND
AGGREGATING OR NETTING SUCH MARKET DAMAGES TO A SINGLE
LIQUIDATED SETTLEMENT PAYMENT THAT WILL BE DUE AND PAYABLE
UPON DEMAND THEREFORE.

21. NOTICE :
ALL NOTICES BY THE BUYER AND SELLER, AS THE CASE MAY BE, AS
WELL AS CORRESPONDENCE IN CONNECTION WITH THIS AGREEMENT
SHALL BE DEEMED TO HAVE BEEN DULY GIVEN BY SELLER/BUYER
UPON HAVING BEEN SENT BY FACSIMILE, OR FOUR DAYS AFTER
HAVING BEEN MAILED BY REGISTERED LETTER, TO THE ADDRESSES
SET OUT BELOW:
 PAGE 11 No : TSS-09052018-1

SELLER

ADD: ……. INDONESIA

NO. TELPON :+
EMAIL : sugianto.asl01@gmail.com
CONTACK PERSON : MR.A.SUGIANTO

BUYER
................................,LTD
ADD: ………………………………
TEL: ……………..Fax: ………………

22. OTHER
CONDITIONS : WHERE NOT IN CONFLICT WITH THE FOREGOING, INCOTERMS 2010
EDITIONS INCLUDING SUBSEQUENT AMENDMENTS AS APPLICABLE ON
THE DATE OF THIS CONTRACT TO APPLY.

23. ENTIRE
AGREEMENT : THIS CONTRACT CONTAINS THE ENTIRE AGREEMENT BETWEEN THE
PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF AND ALL
PROPOSALS, NEGOTIATIONS AND REPRESENTATIONS WITH REFERENCE
THERETO ARE MERGED HEREIN.

SELLER BUYER
FOR AND ON BEHALF OF FOR AND ON BEHALF OF
OWNER ………………………………

A.SUGIANTO ................................................
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DIRECTOR AUTHORISED SIGNATURE