Steam Coal

We, PT.Dwijaya Abadi International, with full legal and corporate responsibilities confirm that we are ready, willing and able to offer for sale the following commodity in accordance with the terms and conditions set out as follows:

Commodity              : Indonesia Steam Coal Origin South Kalimantan

Origin                    : Indonesia , South Kalimantan

Proximate Specification :

Gross Calorific  Value          = 6300- 6520 Kcal/Kg (ADB)

Total Moisture                        = 13.1  %                   (ARB)

Inherent   Moisture                  =  7.1   %                   (ADB)

Ash Content                           =  3.9   %                   (ADB)

Volatile Matter                        =  44.1 %                   (ADB)

Fixed Carbon                          =  44    %                   (ADB)

Sulphur                                   =  0.89 %                   (ADB)

HGI                                       =  42

Size                                        =  0- 50 mm

Price                       : US$ 36  /MT FOB Vessel  South Kalimantan , Indonesia.

Price Validity           : 1 Monthly Regulation

Payment                  : Irrevoccable, divisible, transferable Letter of Credit issued by ABN AMRO Bank

Performance Bond   : 2%

Delivery                  : Early December 2004

Contract period        : 1 Years Regulation

Quantity                  : 30.000 – 40.000 MT / Shipment or / month

Loading Rate           : 7.500  MT PWWWD SHINC

Loading Port            : Sadikin Port  , open sea Tanjung Pemancinagn South Kalimantan , INA

Export Document     : Included Only

Analysis                  : By SGS / Sucofindo - weight and quality to be final at  loading port

                                   at Seller’s account.

Shipping Schedule    : ……………or 35 Days When LC Received / Contract Signed

Calorivic 5.300 -5500