Common use of Supply of Coal by Rail Clause in Contracts

Supply of Coal by Rail. 11.2.1 The Purchaser shall submit financial coverage (“Financial Coverage”) in the form of a Banker’s Cheque/Demand Draft or Bank Guarantee, (issued by a scheduled Bank acceptable to the Seller and in the format enclosed at Schedule - IV of this Agreement) for an amount equal to the estimated As Delivered Price of Coal for fifteen (15) days of Coal supplies, i.e. ACQ/24, subject to a minimum amount equivalent to As Delivered Price of Coal of one rake-load, as indicated in the notice by the Seller. In case the supply consists of different Grades, the As Delivered Price of Coal shall be calculated on the Base Price of the highest Grade, as shown in Schedule II.

Supply of Coal by Rail. 11.2.1 10.2.1 The Purchaser shall submit financial coverage (“Financial Coverage”) in the form of a Banker’s Cheque/Demand Draft or Bank Guarantee, (issued by a scheduled Bank acceptable to the Seller and in the format enclosed at Schedule - IV of this Agreement) for an amount equal to the estimated As Delivered Price of Coal for fifteen (15) days of Coal supplies, i.e. ACQ/24, subject to a minimum amount equivalent to As Delivered delivered Price of Coal of one rake-load, as indicated in the notice by the Seller. In case the supply consists of different Grades, the As Delivered Price of Coal shall be calculated on the Base Price of the highest Grade, as shown in Schedule II...

Supply of Coal by Rail. 11.2.1 The Purchaser shall submit financial coverage (“Financial Coverage”) in the form of a Banker’s Cheque/Demand Draft or Bank Guarantee, (issued by a scheduled Bank acceptable to the Seller and in the format enclosed at Schedule - IV of this Agreement) for an amount equal to the estimated As Delivered Price of Coal for fifteen 15 days (15Fifteen days) days of Coal supplies, i.e. ACQ/24, subject to a minimum amount equivalent to As Delivered Price of Coal of one rake-load, as indicated in the notice by the Seller. In case the supply consists of different Grades, the As Delivered Price of Coal shall be calculated on the Base Price of the highest Grade, as shown in Schedule II.