Spreadsheet: mark_taylor__24729__ClickInTradingProducts
Sheet: Coal

Coal
Short Description Boxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | FOR OPTIONS
Coal Physical |  | Specifications |  | Location |  | Term |  | Year |  | Currency |  | Units |  | Option Type |  | Option Strike |  | Expiration Date
Physical Delivery |  | Steam Coal 1 |  | ARA (CIF) |  | Q1 |  | 1999 |  | USD |  | mt |  | Call
Option on Physical Delivery |  | Steam Coal 2 |  |  |  | Q2 |  | 2000 |  | GBP |  |  |  | Put
 |  | Steam Coal 3 |  |  |  | Q3 |  |  |  | EUR |  |  |  | Quartely Calls
 |  | Reject Specifications |  |  |  | Q4 |  |  |  |  |  |  |  | Quartely Puts
Notes: | Physical only trading and non-standardised deals => not for Internet trading for another 6 mth-1year.
Long Descriptions
Instrument Type | Physical Delivery |  | A Transaction under which the [NAME] shall sell and the [NAME] shall purchase the agreed Quantity of
 | Call Option on Physical Delivery |  | An agreement whereby the buyer (the holder) has the right but not the obligation to buy the underlying commodity for a specified price on a specified exercise date in exchange for a premium payment
 | Put Option on Physical Delivery |  | An agreement whereby the buyer (the holder) has the right but not the obligation to sell the underlying commodity for a specified price on a specified exercise date in exchange for a premium payment
Specifications | Steam Coal 1 |  | Steam Coal 1 with NCV (Calorific value, net as received) 6,000 kcal/kg, [NAME]  [1]% (Percent by weight of [NAME], dry), [NAME] [14.5]% (Percent by weight of Ash, dry), [NAME] [5-8]% (Percent by weight of Moisture, as received),
 |  | NCV 6,000 kcal/kg |  | -- Calorific value, net as received
 |  | [NAME]  [1]% |  | -- Percent by weight of [NAME], dry
 |  | [NAME] [14.5]% |  | -- Percent by weight of Ash, dry
 |  | [NAME] [5-8]% |  | -- Percent by weight of Moisture, as received
 | Reject Specifications |  | Steam Coal 1 with NCV (Calorific value, net as received) < 5,500 kcal/kg, [NAME] 1% (Percent by weight of [NAME], dry), [NAME] 20% (Percent by weight of Ash, dry), [NAME] 10% (Percent by weight of Moisture, as received),
 |  | NCV <5,500 kcal/kg |  | -- Calorific value, net as received
 |  | [NAME]1% |  | -- Percent by weight of [NAME], dry
 |  | [NAME]20% |  | -- Percent by weight of Ash, dry
 |  | [NAME]10% |  | -- Percent by weight of Moisture, as received
Non-spec Price Adjustments
 | [NAME] | ratio of Net Calorific Value of delivered coal to Net Calorific Value of contract coal.  The Contract Base Price is multiplied by this ratio to determine the Final Price, not including any adjustment required for out of spec Ash or [NAME].
 | Ash | price $[1] per [0.1]% greater than maximum specification for Ash content
 | [NAME] | $[1] per [0.1]% greater than maximum specification for [NAME] content
Location | ARA | Amsterdam-Rotterdam-Antwerpen port area
Delivery Terms | CIF | to be delivered on CIF (Cost, Insurance and Freight) basis as defined by Incoterms 1990, where delivery point is
Units | mt | metric tonne [1000 kg]
Examples:
Short Description: | Physical Delivery, Steam Coal 1, CIF ARA, Q3 1999, GBP/mt
Long Description:
Short Description: | Call Option on Physical Delivery, Steam Coal 1, CIF ARA, Q4 2000, USD/mt
Long Description: