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Contracts are financially settled based upon the price of coal delivered into the Amsterdam, Rotterdam, and Antwerp region in the Netherlands. The contract is cash settled against the API 2 Index published in the Argus/ Coal Price Index Report.
Feb 27, 2020· CIF vs. FOB: An Overview . Cost, Insurance, and Freight (CIF) and Free on Board (FOB) are international shipping agreements used in the transportation of goods between a buyer and a …
Aug 06, 2021· The Floating Price for each contract month shall be equal to the (API 2) cif ARA Monthly Coal Price Index published in the Argus/'s Coal Price Index Report (ie being the average of weekly prices during the contract month).
"API 2 (cif ARA) Index" ... The ICE Futures API 2 Rotterdam Coal Futures Contract shall be referable to coal of a quality meeting the specification of coal on which the calculation of the API 2 Index is based or as otherwise determined by the Exchange from time to time.
Find the latest Coal (API 2) cif ARA (Argus/) Swap Futures prices and Coal (API 2) cif ARA (Argus/) Swap Futures futures quotes for all active contracts below. Intraday End-of-Day Main View Technical Performance Custom
The total quantity of coal shall be approximately 50 million tons over the life of the contract with the primary source of coal being the reserves of Global Energy, Inc., in Fayette Township, Vigo County, Indiana. Specific production targets are as outlined in the table below.
FOB - seller does not need to hire a ship, the buyer is responsible for book ship. • Insurance: CIF - the seller is responsible for signing an insurance contract for the exported consignment, usually providing a policy of insurance of at least 110% of the value of the goods. FOB - …
The FOB (Free On Board) and CIF (Cost, Insurance and Freight) contracts are involved with international export sale contracts also called 'export transactions', although the FOB contract is loosely used in local commercial transactions [] . These terms have been put in place so as to maintain uniformity, certainty and predictability in international trade agreements.
926101. CONTRACT SPECIFICATIONS . The Floating Price for each contract month shall be equal to the (API 2) cif ARA Monthly Coal Price Index published in the 's Coal Price Index Report (i.e. being the Argus/ average of weekly prices during the contract month). 926102. TRADING SPECIFICATIONS
What does CIF stand for in Shipping Terms? CIF is a Shipping Incoterm that stands for: Cost, Insurance, Freight agreement, with the seller holding responsibility for all three. When purchasing internationally, the seller is responsible for exporting the cargo and shipping it until they arrive at the destination port, while insuring the cargo throughout the voyage.
Feb 17, 2005· COAL SALES AGREEMENT THIS COAL SALES AGREEMENT (this "Agreement"), dated the 17th day of February, 2005, between ANKER WEST IA MINING COMPANY, INC., a West ia corporation with principal offices at 2708 Cranberry Square, Morgantown, West ia 26508 ("Seller"), and ALLEGHENY ENERGY SUPPLY COMPANY, LLC, a Delaware limited liability …
Aug 06, 2021· Contracts are financially settled based upon the price of coal delivered into the Amsterdam, Rotterdam, and Antwerp region in the Netherlands. The contract is cash settled against the API 2 Index published in the Argus/ Coal Price Index Report.
Dec 17, 2016· It is important to have an understanding of cost and freight (CFR), cost, insurance and freight (CIF) and Free on board (FOB). There is much talk in the trade world about incoterms and how something is shipped; these terms have their own nuances. It is important to first note the difference between the shipping terms CFR and CIF.
If this is a CIF contract, and the goods are to be weighed at the port of destination, then if the seller diverts the vessel from the port of destination to a different port, the seller will be in breach of contract. 22 Johnson v. Taylor Bros [1920] CIF SELLER HAS THREE DIFFERENT WAYS OF …
Nov 22, 2018· The CIF Amsterdam-Rotterdam-Antwerp coal prompt-quarter contract was assessed at a discount to the year-ahead contract for the first time …
Jul 30, 2021· MTFC00 | A complete Coal (API2) CIF ARA (ARGUS-) Continuous Contract futures overview by MarketWatch. View the futures and …
All the Coal Product will be such size that it will pass through a screen having square perforations three (3) inches in diameter, but shall not contain more than 55 percent (55.0%) by weight of Coal Product that will pass through a screen having square perforations one-quarter (¼) of an inch in diameter.
Sep 25, 2014· Contact Client Success on [email protected] . Contact sales. Speak to ICIS
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CCA Coal Co-operation Agreement CCoW Coal Contract of Work CIF Cost Insurance and Freight CIT Corporate Income Tax Corporation Law Law No. 40/2007 CoW Contract of Work Contracts CoW/CCoW/CCA CSR Corporate Social Responsibility DER Debt-to-Equity Ratio DHE Export Proceeds (Devisa Hasil Eskpor) DPR Dewan Perwakilan Rakyat (House of Representatives)
CIF - Cost, Insurance and Freight (named destination port) "Cost, Insurance and Freight" means that the seller delivers when the goods pass the ship's rail in the port of shipment. The seller must pay the costs and freight necessary to bring the goods to the named port of destination BUT the risk of loss of or damage to the goods, as well as any additional costs due to events occurring ...
Aug 05, 2021· According to Platts assessment data, the quarter-ahead CIF ARA coal contract hit its highest levels since September 2011. Negative clean sparks Challenging conditions for German gas plants are priced to extend into 2022, as Platts year-ahead clean spark spread with CSS (50% efficiency) assessment turned negative on Aug. 4 for the first time ...
The seller has to conclude the insurance contract. The buyer has to note that the seller is obliged only to insurance with a minimum of coverage. Incoterms 2020 CIF in transport. CIF rules are used only in maritime or inland waterway transport. Apart from the FOB rule, the most frequently used in bulk cargo transport by sea is the CIF rule.
of coal per year from more than 10,000 mines; and India, Pakistan, Indonesia, Philippines and Vietnam produce another 561 million tons (2017). From an energy mix perspective, five of the top ten countries in the world with the highest share of coal use as a share of total electricity consumption are located in the European and Central Asian region
Publications for Purchase. RIAI Main Forms of Contract, IEI Forms of Sub-Contract, ARM4 documents, Law Society Form of Contract and Collateral Warranty documents are available for purchase from CIF …
Jul 31, 2021· CIF contract. Quick Reference. A type of contract for the international sale of goods by which the seller agrees not only to supply the goods but also to make a contract of carriage with a sea carrier, under which the goods will be delivered at the contract port of destination, and a contract of insurance with an insurer, to cover them while ...
56 · MTFC00 | Coal (API2) CIF ARA (ARGUS-) Continuous Contracts - WSJ. Dow …
COAL (API 2) CIF ARA (NYMEX:QMTF) Price Charts and Quotes for Futures, Commodities, Stocks, Equities, Foreign Exchange - INO.com Markets