"Incoterms 1990" All contracts and
documentation used should preferably refer to the
Feel free to click on
the link to view definitions of Terms Frequently
To Sell "A"
Grade Coal for export you need:
POF - Proof of Funds and
POP - Proof of Product
which must include the following 4 items
at the very least
i) Slots at RBCT or
ii) TRF rail numbers
iii) Recent SGS or
SABS Quality reports
iv) A Sellers Mandate
letter from the Board of the mine that you may sell
(SGS Quantity report
will also be needed if
a SPOT Transaction)
Too many guys are
running around in SA claiming to have POP or POF in
It seems as if most do
not have a clue what the minimum requirements are
(please check the minimum requirements above again).
You may have 1 million
tons of coal to sell, but without slots, the deal
simply cannot work.
You must make sure
everything is in place.
Sellers and Buyers
are normally not prepared to show you their funds
or product to agents.
This is for fear of
"brokers" making copies of their documents and
running around with it.
So how can we make sure
Buyers and Sellers come to the Final TTM with
They should sign and
agree to the terms of the agreement before the
appointment is confirmed.
In this agreement they
agree to pay the Business arranging the meeting,
a R50 000 penalty
payment if they do not produce full POP or POF, or
do not pitch for the confirmed meeting.
If they are not prepared
to sign such a penalty agreement, they probably do
not have the POP or POF and you should consider not
wasting your time with them.
Some Brokers are
known to use the POF as leverage to get mines to
give them product.
If you go to a
meeting with such broker he will tell you that
he has POP in place before the meeting,
but when you get
there he has none, having wasted your time with
brokers loose their name very quickly and are
known by the other Commodity Brokers as fakes,
not to be trusted.
SA only export about 90 million tons of coal per
year (i.e.+- 7.5 million tons per month).
If you want to sell 500 000 tons A Grade, you
need to understand that it is a lot of coal and
our available SA infrastructures has limits in
problem is Circumvention.
If another Broker has
been involved in helping you find Buyers or Sellers,
they should be included in commission agreements and
be paid accordingly.
If a person simply sends
you a name without being involved in the transaction
in any way, they should at least qualify for a once
off "referral commission"
(such intentions should be discussed with the
referring agent beforehand to prevent
circumvention and legal problems).
We are being paid to
Sell products and selling is tough (that's why sales
people are the highest paid in the World).
Referring Buyers or
Sellers is simple and easy!
We have quality
Coal available from the USA and Colombia (see
Why not sell
your Chinese or Indian Buyers this coal?
USA B Grade is
equal to South African A Grade (very high quality
The USA Coal is
A Grade which is better than SA A Grade.
Do you have FULL Proof of Product with
1) Proof Of Slots
2) Proof of Rail Numbers
3) Recent SGS Quality reports
(and Quantity reports for SPOT deals)
4) Signed original Mandate
document from the mine
for any amount of A
We do have the Buyers,
ready with their Proof of Funds and ready to sign
Please contact us as
soon as possible on 079 872 3339 if you can assist.
We are urgently looking
for more slots at RBCT itself.
We are prepared to
"piggy back" on existing slot owner's slots!
Buyers need to provide
TRF (Transnet Rail Freight) numbers
Payment - first three
months payable in advance.
Buyers with Proof of
Funds (POF) welcome.
We have Chrome 44% 42%
available Ex Rustenburg at R700 ex warehouse
Alberton. Lumpies and Concentrate 10 000 mt p.m.
Steelpoort area 5000 tons for first 3 months then
increased to 10 000 tons per month FOB Maputo-
Call us if interested.
Chrome, Gold and
If you do have product
available or have willing and able Buyers, please let us know.
We will help where we can.
We have Buyers for Between R2.5 Billion and R3.3
Billion wanting Mines (especially Coal mines) very
urgently. Greenfields welcome but especially
Operational mines wanted.
Small quantities Coal wanted - Buyers for
smaller quantities Coal -They want 2 / 20 / 30 ton
per time - Can you help?
First steps from Buyers
1) Signed LOI
issued to S.A.N.C.E. with full contact details (already
protected by signed NCNDA)
2) Proof of
Funds - POF (From Bank/Comfort Letter from
Lawyers, Accountants or Bank) or Letter of Credit