globalCOAL-SCoTA-Version-7e-DRAFT1-REDLINE

StandardCoalTradingAgreement(SCoTA)Version7ed(Effective18:00GMTon4thApril201124thOctober2010)Copyright©byGlobalCoalLimited2000-20110page1of88StandardCoalTradingAgreement(“SCoTA”)PART1:TransactionSummarySetoutbelowarethetermsofaTransaction(definedinPart2andreferredtobelow)agreedbetweenBuyerandSeller.AlltermsandconditionsinPart2ofSCoTAandtheSchedulesthereto(version7edeffective18:00GMTon24thOctober4thApril20112010)(asspecifiedbytheBoardofGlobalCoalLimitedandpublishedat)areincorporatedbyreferenceintothisTransactionSummary.ThePartiesentereachTransaction(whetherasSellerorasBuyer)onrelianceuponthefactthateachTransactionandtheAgreementformasingleagreementandthatthePartieswouldnototherwiseenterintosuchTransactions.A)RSS[InserttheRSSname]B)NumberofMetricTonnesperDeliveryPeriod[InsertnumberofMetricTonnesboughtorsold]C)BasePrice[InsertpriceinUSD]D)DeliveryPeriod(s)[Insertperiod(s)]E)Origin[Insertoriginofthecoal]F)DeliveryPoint[Insertthedeliverypointofthecoal]G)BUYER:H)SELLER:Dateandtime(GMT):globalCOALStandardCoalSystemID,whereapplicable:StandardCoalTradingAgreement(SCoTA)Version7ed(Effective18:00GMTon4thApril201124thOctober2010)Copyright©byGlobalCoalLimited2000-20110page2of88TableofContents1.Definitions..................................................................................................................................................32.Interpretation............................................................................................................................................103.Obligations...............................................................................................................................................104.Representations,WarrantiesandUndertakings......................................................................................115.FinancialSettlement................................................................................................................................116.Nominations.............................................................................................................................................117.LaytimeandDemurrage..........................................................................................................................8.Delivery....................................................................................................................................................139.TitleandRisk...........................................................................................................................................1310.Weighing/Sampling/Analysis...............................................................................................................1411.QualityandContamination..................................................................................................................1412.RejectionoftheShipment....................................................................................................................1513.Price,Payment,NettingandClose-Out...............................................................................................1614.PerformanceAssuranceandCredit....................................................................................................1615.FailuretoDeliverorTakeDelivery......................................................................................................1816.RemediesinrespectofanEventofDefault........................................................................................1817.ForceMajeure......................................................................................................................................1918.Disputes...............................................................................................................................................222019.AssignmentorNovation.......................................................................................................................2320.Agents..................................................................................................................................................21.Confidentiality......................................................................................................................................2322.ExclusionofcertainWarrantiesandConditions;LimitationofLiability...............................................2323.NoticesandCommunication................................................................................................................2324.Waiver..................................................................................................................................................2425.Amendment..........................................................................................................................................2426.ExclusionofThirdPartyRights.............................................................