PT.

PANCARAN SURYA ABADI

Jalan Serindit I No. 19 Samarinda Kalimantan Timur, Indonesia 75117
Telp/Fax : (62) 541 736019

05 February 2016

PT. MADHUCON INDONESIA

Menara Bidakara 1 3rd Floor
Jalan Jenderal Gatot Subroto Kav 71-73
Pancoran Jakara Selatan DKI Jakarta 12870

To.

Attn.;

Mr.
Subject : FULL CORPORATE OFFER

Dear Sir,
Hereby, PT. PANCARAN SURYA ABADI, willing to offer and enter into off-taken
agreement to supply the commodity as mentioned below, under the following
terms conditions;
1. Overview
Type of KP :
KP Owner
:
Concession :
Owner Ship :
IUP-OP Code :
CNC Code
:
ET Code
Geologycally

IUP PRODUCTION
PT. PANCARAN SURYA ABADI
991 Ha
H. Himawan Nuryahya
540/025/IUP-OP/MB-PBAT/IX/2009
458/Bb/03/ 2014
: 03.ET-04.15.0008, 20 January 2015
: Two formation separately at Balikpapan formation and
Kampung Baru
formation, with dipping 8 up to 12 deg.

2. Commodity and Place of Origin

Commodity of Name
: Indonesian Crushed Steam Coal
Place of Origin
: Selo Lai, Kutai Kartanegara East Kalimantan
Province
Transhipment places
: Muara Berau, distance about 32 mile from jetty
PT. PSA,
9 - 12 hour time distance from jetty PT. PSA
3. Specification Of Coal
Non Specification, No Penalty, No Bonus.
4. Term Of Refference
Shipment Quantity : Max. 50.000 MTons per month, Plus/Minus 10 Percent
of
Operational Telerence.
Coal Mining

PT. PANCARAN SURYA ABADI

Jalan Serindit I No. 19 Samarinda Kalimantan Timur, Indonesia 75117
Telp/Fax : (62) 541 736019

Target Shippment
Price of Coal
Time of Period
February 2017
Payment Term
quantity offtake.

: One month after signed by contract or the offtake agreement

: Rp. 260,000 per MTons
: 12 Month starting from March 2016 upto

: A. 10% After signing contract with total

With total = 50,000 Mtons x 12 month x 10% =

60,000 Mtons
Total Price = 60,000 Mtons x Rp. 260,000 =
15,600,000,000,B. Payment condition each transshipment 30,000
MTons.
First Payment 10 % - 2 days after the SI was
Issued
Second payment 40% - During on progress of Coal
Loading,
Third payment 40% - have been
completed end barging loaded on the jetty
Final Payment 10 % - After shipping document has
been completed
Purchase Term
: FOB Barging by Conveyor.
Price evaluated
: Each 4 month. With the basic price Rp. 260,000
up and down 10%
Independent Surveyor
: Consult Independent Surveyor or by requested
Inspection
: At Loading Port appointed by PT. Pancaran
Surya Abadi, as per instructed by the buyer
Independent Surveyor shall be carried out at the
loading port, which shall be final for both parties.
Quantity Determination : Sampling and analisys shall be carried out during
loading by an independent testing lab as per ASTM
standard, which results shall be final to be agreed by
both parties
Validity Offering
: 15 Days after the date of issuing this FCO
Loading Port
: Jetty PT. Pancaran Surya Abadi, Kutai Lama, Anggana.
LayCan
: As agreed or One Month after signing of
contract FCO
We hope the above offer meets your requirement and looking forward to fulfill
and pleased your expectation

Coal Mining

PT. PANCARAN SURYA ABADI

Jalan Serindit I No. 19 Samarinda Kalimantan Timur, Indonesia 75117
Telp/Fax : (62) 541 736019

Best Regards
PT. PANCARAN SURYA ABADI

H. HIMAWAN NURYAHYA, SKom. MM

President Director

Coal Mining