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Coal Trading Standard Operating Procedure
International Market
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1. Letter of Intent
- Specification Requirement
- Quantity per Shipment
- Payment Terms
- Contractual Duration
2. Irrevocable Confirmed Purchase Order
3. Contract Finalization
4. Issuance of LC by Buyer
5. Counter Issuance of Performance Bond (PB)
6. Vessel Nomination
7. Acceptance of Cargo
Regional Market
1. Company Profile
2. Full Corporate Offer
- Coal Specification
- Capacity Production
- Price & Condition
- Payment Condition
- Independent Inspection
- Port of Loading / Anchorage
3. Draft Contract
4. LC Reviewed and Finalized
5. Acceptance of LC by Both Sides
6. LC Activated
7. Operational Timeline and Planning
8. Logistics Preparation
9. Delivery of Coal and Loading Process
10. Completion of Shipment
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