© 2019 PCR INVESTMENTS

TRANSACTION & OPERATION

With each transaction we follow our internal procedure so that all steps required to successfully finish the trade have been met.

STANDARD PROCEDURE FOR FOB MV DELIVERY:

1) Serious inquiry from Buyer's side

(specs, volume, desired Laycan date, basic Payment & Delivery Terms)

2) COA and indicative price delivered to Buyer

3) If specs and price agreed within negotiable range from Buyer's side Seller delivers Full Corporate Offer (FCO) / Full Term Offer (FTO)

4) Confirmation of FCO/FTO from Buyer's side

5) Contract Terms finalisation

(our partners follow standard contract terms commonly used in this industry)

6) Contract signing

7) L/C issued from Buyer's bank 10-15 days before Laycan

 

8) Ground Operations & Loading

9) Documents required for L/C reimbursement issued and delivered to Buyer's bank after MV loading finished

10) Transaction finished

CFR and CIF Delivery Terms are negotiable with some of our partners under following conditions:

1) L/C payable against documents issued at the loading port

(CIF negotiable under partial payment terms: 

90/10 or 95/5 at loading and discharging port respectively)

2) Demurrage cost in the loading port payable to Seller's account

3) Demurrage cost in the discharging port payable to Buyer's account

GROUND OPERATIONS AND LOADING

We always pick our Indonesian coal suppliers carefully. An important part of building a new relationship on supplier's side is visiting their coal production and loading facilities (mining site, stockpile, jetty) so that we make sure we are able to monitor the ground operations processes to follow the given schedule and to maintain the contracted quality.

MINING

HAULING

TO STOCKPILE

STOCKPILE

(crushing)

HAULING

TO JETTY

LOADING BARGES

IN JETTY

(conveyor belt)

LOADING MV

AT ANCHORAGE

(G&G, gearless)

GALLERY