|
|
|
S.A.N.C.E. |
Welcome to
S.A.N.C.E.
SOUTH AFRICAN NATIONAL COMMODITY EXCHANGE |
Coal
for Sale -
Commodities for sale - A Grade Export Coal, Eskom Spec Coal for sale, C
Grade Coal, FOT, FOB, FAS, Indonesian Coal Exports, American Steam Coal
Coal available as on
Please Note: All products offered are on Contract basis
unless indicated differently.
PRODUCT A (ref E38)
A Grade Coal, 500 000 metric
ton Per month, FOB (Free on Board), Offer is from Large mine Group
who have selected SANCE as the medium through which they want to offer
this product. Price RBI +3.5% Commission, RBCT, South
Africa.
Do not call us or email with
any other procedures than stated below:
Buyers to offer Proper LOI to
S.A.N.C.E. (see below to see what should be written on the LOI please)
PRODUCT B
A Grade FOT at R490 per
metric ton. Includes R5 commissions to your side. FOT Mpumalanga.
(proper LOI or ICPO to S.A.N.C.E. please)
PRODUCT C (ref E61)
A Grade Coal, 100 000 metric
ton Per month, FOB (Free on Board), Price RBI +3.5% Commission, RBCT, South
Africa.
PRODUCT D (ref E38)
A Grade Coal, 750 000 metric
ton Per month, FOB (Free on Board), Price RBI +3.5% Commission,
RBCT, South Africa.
PRODUCT
E
C Grade Coal, 300 000
metric ton Per month om 12 month contract with Rollovers and Extensions,
FOT Price R150 Including R10 total Commission, South Africa.
FCO and NCNDA is signed.
Immediately available.
Chrome Lumpies / Chrome Concentrate /
Chrome Chips/ Chrome Finds
All COAL transactions - These basic Procedures below must please
be adhered to:
-
Buyers sign
NCNDA
-
Buyers issue
Proper LOI to the
Mine / S.A.N.C.E.
-
The Mine probes the
Buyers account to verify sufficient funds
-
Sellers (the mine) issue
Contract and Invoice to the Sellers
-
Buyers sign Contract and Invoices
-
Viewing of Product
(POP) at the mine (when necessary / applicable)
-
Contract is
honoured
by the Mine and Coal is transferred as per the Contract to the
Coast/ Buyers lift the Coal as per Loading Instructions
LOI Documents (this is IMPORTANT please)
-
It must be
on the Buyers Letterhead
-
Full contact
details and registration Number of the PTY (sanitized
docs mean nothing and will be ignored)
-
Proper Names
of the Buyers
-
Details of
the product they require (A Grade FOB at RBCT, or Chrome
FOT Rustenburg)
-
The Price
they are willing to pay (say RBI+3.5% or R1220 per m/t
FOT)
-
The Spec
range of the product required
-
Buyers VAT
number (for the Invoice)
-
The Buyers'
Banking Co-Ordinates
-
Permission
to the Mines Bank to do a Bank probe to confirm that the
Funds do exist
-
Signed by
the Buyers
-
NOTE
PLEASE: We do NOT EVER use such LOI to go and
source product from mines (such actions are prohibited by
SANCE's code of conduct). We do offer it to the Mines
that have already offered us their product.
Main Abbreviations used:
(See also
Incoterms ® 2010)
m/t - Metric Tons
RBCT - Richards Bay Coal Terminal
RBI - Richards Bay Index
RB - Richards Bay Harbour (not RBCT)
TRF or TFR - Transnet Rail Freight Numbers
Loading Terms
FOB - Free on Board (Mine has own TFR and RBCT slots)
FOT - Free on Truck (Lorry) It means the Mine loads Buyer's trucks at the mine
FAS - Free along Ship CFR -
Cost and Freight
CIF -
Cost Insurance and Freight
Articles:
Why Ghost Coal? Written by Louis Kearney (Chairman of S.A.N.C.E.)
Illegal Practices in Commodities Written by Louis Kearney (Chairman of S.A.N.C.E.)
Our LOI Requirements
Blacklisting
Benefits of joining S.A.N.C.E.
Coal
from South Africa
Links:
Manganese for sale,
Mines for Sale,
Coal Peas,
Mines wanted,
Coal for Sale,
Slots RBCT,
Coal slots wanted
Contact: Louis Kearney
Chairman/Voorsitter
S.A.N.C.E. (The South African National
Commodity Exchange)
Register as a SANCE Broker today at
www.SANCE.co.za
Office: +27(0)12-807 0330
Fax: 0866 124 303
Mobile Number: +27(0)79 872 3339
|