Common use of PRICE OF COAL Clause in Contracts

PRICE OF COAL. 10.1 The “As Delivered Price of Coal” for the Coal delivered hereunder shall be the sum of the Base Price, sizing charges, transportation charges up to the Delivery Point, rapid loading charges, statutory charges, levies and other charges. The components of the As Delivered Price of Coal shall be determined on the basis of the rates/criteria duly notified by CIL/Seller/statutory authority from time to time as is applicable to the Purchaser and in force for the time being. 10.2 In the event of revision by the CIL/Seller of any component of the As Delivered Price of Coal, other than statutory charges and levies, the Seller shall inform the Purchaser of such revision from time to time. The Purchaser shall be liable to pay the revised As Delivered Price of Coal as and from the date the revised rates/criteria becomes or has become effective. 10.3 All royalties, taxes, duties, cesses, and such statutory levies payable to the State Government, Central Government or to any other statutory authority on the supply / dispatch/ delivery of Declared Grade of Coal under this Agreement shall be borne by the Purchaser. 10.4 The price of Imported Coal shall be as decided and declared by CIL from time to time. 10.5 In all cases the entire freight charges, irrespective of the mode of transportation of the Coal supplied, shall be borne by and to the account of the Purchaser. 10.6 The Purchaser shall be liable to make payment to the Seller in terms of this Agreement, on the basis of declared grade with respect to all quantity of Coal supplied irrespective of when and in what condition the loaded wagons/ xxxxx/road transport vehicles reach or do not reach the destination.

PRICE OF COAL. 10.1 The “As Delivered Price of Coal” for the Coal delivered hereunder shall be the sum of the Base Price, sizing charges, transportation charges up to the Delivery Point, rapid loading charges, statutory charges, levies and other charges. The components of the As Delivered Price of Coal shall be determined on the basis of the rates/criteria duly notified by CIL/Seller/statutory authority from time to time as is applicable to the Purchaser and in force for the time being. 10.2 In the event of revision by the CIL/Seller of any component of the As Delivered Price of Coal, other than statutory charges and levies, the Seller shall inform the Purchaser of such revision from time to time. The Purchaser shall be liable to pay the revised As Delivered Price of Coal as and from the date the revised rates/criteria becomes or has become effective. 10.3 All royalties, taxes, duties, cesses, and such statutory levies payable to the State Government, Government Central Government or to any other statutory authority on the supply / dispatch/ delivery of Declared Grade of Coal under this Agreement shall be borne by the Purchaser. 10.4 The price of Imported Coal shall be as decided and declared by CIL from time to time. 10.5 In all cases the entire freight charges, irrespective of the mode of transportation of the Coal supplied, shall be borne by and to the account of the Purchaser. 10.6 The Purchaser shall be liable to make payment to the Seller in terms of this Agreement, on the basis of declared analyzed grade with respect to all quantity of Coal supplied irrespective of when and in what condition the loaded wagons/ xxxxx/road transport vehicles reach or do not reach the destination.

PRICE OF COAL. 10.1 The “As Delivered Price of Coal” for the Coal delivered hereunder shall be the sum of the Base Price, sizing charges, transportation charges up to the Delivery Point, rapid loading charges, statutory charges, levies and other charges. The components of the As Delivered Price of Coal shall be determined on the basis of the rates/criteria duly notified by CIL/Seller/statutory authority from time to time as is applicable to the Purchaser and in force for the time being. 10.2 In the event of revision by the CIL/Seller of any component of the As Delivered Price of Coal, other than statutory charges and levies, the Seller shall inform the Purchaser of such revision from time to time. The Purchaser shall be liable to pay the revised As Delivered Price of Coal as and from the date the revised rates/criteria becomes or has become effective. 10.3 All royalties, taxes, duties, cesses, and such statutory levies payable to the State Government, Government Central Government or to any other statutory authority on the supply / dispatch/ delivery of Declared Grade of Coal under this Agreement shall be borne by the Purchaser. 10.4 The price of Imported Coal shall be as decided and declared by CIL from time to time. 10.5 In all cases the entire freight charges, irrespective of the mode of transportation of the Coal supplied, shall be borne by and to the account of the Purchaser. 10.6 The Purchaser shall be liable to make payment to the Seller in terms of this Agreement, on the basis of declared analyzed grade with respect to all quantity of Coal supplied irrespective of when and in what condition the loaded wagons/ wagons/xxxxx/road transport vehicles reach or do not reach the destination.

PRICE OF COAL. 10.1 The “As Delivered Price of Coal” for the Coal delivered hereunder price shall be as per Price Notification issued by the sum of Seller under the Base Price, sizing charges, transportation charges up powers delegated to the Delivery Point, rapid loading charges, statutory charges, levies and other charges. The components of the As Delivered Price of Coal shall be determined on the basis of the rates/criteria duly notified it by CIL/Seller/statutory authority its Board from time to time as is applicable to the Purchaser and in force for the time beingtime. 10.2 The prices notified by the Seller are on FOR Colliery siding basis on Purchaser’s transport system at the Colliery despatch point. 10.3 Royalty, Cesses, Duties, Sales Tax, and other statutory levies etc., crushing charges, forest land adjustment cost, engine shunting charges and premium charges as applicable but not included in the price shall also be payable by the Purchaser. These levies shall become effective from the date of notification by the Government of India/ Govt. of Andhra Pradesh/ Seller and shall be paid by the Purchaser on declared grade and on the quantity despatched. 10.4 When coal is loaded either into Indian Railway Wagons or into the Purchaser’s own system of transport through high capacity loading system with a nominal capacity of 3500 Tonnes per hour or more, additional charges applicable will be levied for such loading as per the price notification. 10.5 In the event of revision by the CIL/Seller of any component of the As Delivered Price of Coal, other than statutory charges and levies, Prices the Seller shall inform the Purchaser of such revision revised prices as applicable from time to time. The Purchaser shall be liable to pay the revised As Delivered Price of Coal as and coal prices from the effective date of the revised rates/criteria becomes or has become effective. 10.3 All royalties, taxes, duties, cesses, and such statutory levies payable to the State Government, Central Government or to any other statutory authority on the supply / dispatch/ delivery of Declared Grade of Coal under this Agreement shall be borne by the Purchaser. 10.4 The price of Imported Coal shall be as decided and declared by CIL revision from time to time. 10.5 In all cases 10.6 At road dispatch points wherever the entire freight chargespre-weigh bin charges are applicable, irrespective such charges will also be levied as per the price notification. 10.7 The purchaser agrees to fulfill the following obligation while entering into Fuel Supply Agreement: i) On signing of the mode of transportation of Agreement, the Coal supplied, shall be borne by and to the account of the Purchaser. 10.6 The Purchaser shall be liable to make payment deliver to the Seller an advance of 25 days average coal supplies in terms the form of 10 days cash and 15 days Bank Guarantee (BG) calculated on notified basic price of eligible grade. The BG shall be valid throughout the Term of the agreement and for a further period of 180 days from the scheduled date of expiry of this Agreement, on agreement. ii) The Security deposit in cash and Bank guarantee will be retained by the basis seller as Security deposit for adjustment against penalty due or towards unpaid bills at the time of declared grade closing of the FSA. The Security deposit amount so deposited will not bear any interest. The seller is entitled to forfeit the entire security deposit and Bank guarantee in case purchaser withdraws from the agreement along with respect damages caused to all quantity of Coal supplied irrespective of when and in what condition the loaded wagons/ xxxxx/road transport vehicles reach or do not reach the destinationseller due to such withdrawal.

PRICE OF COAL. 10.1 The “As Delivered Price of Coal” for the Coal delivered hereunder price shall be as per Price Notification issued by the sum of Seller under the Base Price, sizing charges, transportation charges up powers delegated to the Delivery Point, rapid loading charges, statutory charges, levies and other charges. The components of the As Delivered Price of Coal shall be determined on the basis of the rates/criteria duly notified it by CIL/Seller/statutory authority its Board from time to time as is applicable to the Purchaser and in force for the time beingtime. 10.2 The prices notified by the Seller are on FOR Colliery siding basis on Purchaser’s transport system at the Colliery despatch point. 10.3 Royalty, Cesses, Duties, Sales Tax, and other statutory levies etc., crushing charges, forest land adjustment cost, engine shunting charges and premium charges as applicable but not included in the price shall also be payable by the Purchaser. These levies shall become effective from the date of notification by the Government of India/ Govt. of Andhra Pradesh/ Seller and shall be paid by the Purchaser on declared grade and on the quantity despatched. 10.4 When coal is loaded either into Indian Railway Wagons or into the Purchaser’s own system of transport through high capacity loading system with a nominal capacity of 3500 Tonnes per hour or more, additional charges applicable will be levied for such loading as per the price notification. 10.5 In the event of revision by the CIL/Seller of any component of the As Delivered Price of Coal, other than statutory charges and levies, Prices the Seller shall inform the Purchaser of such revision revised prices as applicable from time to time. The Purchaser shall be liable to pay the revised As Delivered Price of Coal as and coal prices from the effective date of the revised rates/criteria becomes or has become effective. 10.3 All royalties, taxes, duties, cesses, and such statutory levies payable to the State Government, Central Government or to any other statutory authority on the supply / dispatch/ delivery of Declared Grade of Coal under this Agreement shall be borne by the Purchaser. 10.4 The price of Imported Coal shall be as decided and declared by CIL revision from time to time. 10.5 In all cases 10.6 At road dispatch points wherever the entire freight chargespre-weigh bin charges are applicable, irrespective such charges will also be levied as per the price notification. 10.7 The purchaser agrees to fulfill the following obligations while entering into Fuel Supply Agreement: i) On signing of the mode of transportation of Agreement, the Coal supplied, shall be borne by and to the account of the Purchaser. 10.6 The Purchaser shall be liable to make payment deliver to the Seller an advance of 25 days average coal supplies in terms the form of 10 days cash and 15 days Bank Guarantee (BG) calculated on notified basic price of eligible grade. The BG shall be valid throughout the Term of the agreement and for a further period of 180 days from the scheduled date of expiry of this Agreement, on agreement. ii) The Security deposit in cash and Bank guarantee will be retained by the basis seller as Security deposit for adjustment against penalty due or towards unpaid bills at the time of declared grade closing of the FSA. The Security deposit amount so deposited will not bear any interest. The seller is entitled to forfeit the entire security deposit and Bank guarantee in case purchaser withdraws from the agreement along with respect damages caused to all quantity of Coal supplied irrespective of when and in what condition the loaded wagons/ xxxxx/road transport vehicles reach or do not reach the destinationseller due to such withdrawal.

PRICE OF COAL. 10.1 9.1 The price for washery-wise washed Coking Coal supply shall be as per the Schedule – II. 9.2 The prices for the subsequent years shall be decided between the Seller and the Purchaser annually taking into account import parity prices at the time of deciding ACQ for the subsequent year in terms of clause 3.1 of this agreement. The Schedule II of this agreement shall be updated accordingly. 9.3 The “As Delivered Price of Coal” for the washed Coking Coal delivered hereunder shall be the price as per Schedule II plus taxes as applicable. In case the notified price of raw Coking Coal are revised during the year, there shall not be any impact of such increase in the price of washed Coking Coal. However, the impact of any increase / decrease in the rates of statutory levies like royalty etc. on the raw Coking Coal shall be passed on to the Purchaser in respect of washed Coking Coalaccordingly. 9.4 The “As Delivered Price of Coal” for the raw Coking Coal delivered hereunder shall be the sum of the Base Price, sizing charges, transportation charges up to the Delivery Point, rapid loading charges, statutory charges, levies levies, washery recovery charges and any other charges, as applicable. The components of the As Delivered Price of Coal shall be determined on the basis of the rates/criteria duly notified by CIL/Seller/statutory authority from time to time as is applicable to the Purchaser and in force for the time being. 10.2 . In the event of revision by the CIL/Seller of any component of the As Delivered Price of Coal, other than statutory charges and levies, by the CIL/Seller, the Seller shall inform the Purchaser of such revision from time to time. The Purchaser shall be liable to pay the revised As Delivered Price of Coal as and from the date the revised rates/criteria becomes or has become effective. 10.3 . All royaltiesRoyalties, taxesTaxes, dutiesDuties, cessesCesses, and such statutory levies payable to the State Government, Government/ Central Government or to any other statutory authority on the for supply / dispatch/ delivery of Declared Grade despatch of Coal under this Agreement shall be borne by the Purchaser, as due on the basis of grade as declared by the Seller at the time of delivery of Coal. 10.4 The price of Imported Coal shall be as decided and declared by CIL from time to time.9.5 [Not Used] 10.5 9.6 [Not Used] 9.7 In all cases the entire freight charges, irrespective of the mode of transportation of the Coal coal supplied, shall be borne by and to the account of the Purchaser. 10.6 9.8 The Purchaser shall be liable to make payment to the Seller in terms of this Agreement, on the basis of declared grade analyzed quality with respect to all quantity of Coal supplied irrespective of when and in what condition the loaded wagons/ xxxxx/road transport vehicles reach or do not reach the destination.