Common use of Supply of Coal by Rail Clause in Contracts

Supply of Coal by Rail. 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. In case of Bank Guarantee, Purchaser shall submit As delivered price of coal for the entire monthly quantity subject to a minimum amount equivalent to “As Delivered Price” of coal of one rake load and in terms of rake load quantity in case of Banker’s cheque / DD. In case the supply consist of different grades, As delivered price of coal shall be calculated on the base price of the highest grade of coal, as shown in Schedule-II.

Supply of Coal by Rail. 10.2.1 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. In case of Bank Guarantee, Purchaser shall shalll submit As delivered price of coal for the entire monthly quantity subject to a minimum amount equivalent to “As “ Delivered Price” of coal of one rake load and in terms of rake load quantity in case of Banker’s ’ cheque / DD. In case the supply consist of different grades, As delivered price of coal shall be calculated on the base price of the highest grade of coal, as shown in Schedule-II.

Supply of Coal by Rail. 10.2.1 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. In case of Bank Guarantee, Purchaser shall shalll submit As delivered price of coal for the entire monthly quantity subject to a minimum amount equivalent to “As Delivered Price” of coal of one rake load and in terms of rake load quantity in case of Banker’s cheque / DD. In case the supply consist of different grades, As delivered price of coal shall be calculated on the base price of the highest grade of coal, as shown in Schedule-II.