October 22nd bidding announcement for Shanxi Datuhua International Trade Co., Ltd.

2024-10-22 00:00:00

1. Comprehensive Description

1. Bidding Material: Lean Coking Coal

2. Bidding Unit: Shanxi Datuhua International Trade Co., Ltd.

3. Bidding Method: Online Public Auction (Website:www.sxccol.com)

4. Bidding Period: October 22, 2024, at 9:30 AM.

5. Supply Period: Within 10-15 working days from the date of contract signing.

6. All parties participating in the bidding must strictly comply with the "Coking Coal Online" trading rules and processes to protect the legal rights and interests of all parties.

7. The buyers and sellers resulting from the bidding must strictly fulfill their contractual obligations. If either party breaches the contract, they must bear the liability for breach of contract according to legal provisions and unconditionally accept corresponding penalties according to the "Coking Coal Online" trading rules.

8. Contact Person for Shanxi Datuhua: Wang Yanjun18135808777Ma Wenqing13935831636

Contact Person for Coking Coal Online: Xue Shuai 13934569780

9. Trading Risk Reminder:

1. To participate in this bidding, you must contact the bidding session publisher in advance. It is recommended to conduct coal quality sampling and quantity verification on-site. The platform has no monitoring measures or control means for the coal product quality and spot quantity of the bidding companies. Please participate cautiously!

2. After the bidding session is concluded, before signing a contract with the seller, please carefully review the content and terms of the proposed contract to minimize trading risks.

2. Content and Explanation:

1. Basic Situation of the Deposit

(1) To protect the legal rights and interests of both parties in the transaction, all traders participating in the bidding (hereinafter referred to as "buyers") must pay a deposit of 200,000 yuan per session. The deposit must be credited to a corporate account; personal and cash deposits are not accepted.

Note: The deposit is 200,000 yuan per session. Once you click "I want to participate" - "Agree", the system will automatically lock the buyer's deposit. Please select the required session correctly before entering.

(2) Deadline for Deposit Payment: Before 8:30 AM on October 22, 2024. Buyers must pay the deposit of 200,000 yuan per session in one lump sum before the deposit payment deadline. Users who fail to pay the full deposit on time will not be able to participate in the bidding.

(3) Deposit Account Information:

Company Name: Shanxi Coking Coal Coking International Trading Center Co., Ltd.

Account Number: 1011 0301 0300 0001 20108

Bank Code: 4021 6100 2336

Bank: Taiyuan Rural Commercial Bank Co., Ltd.

(4) After the successful bidding transaction, the deposit paid by the buyer will automatically be converted into a performance deposit to ensure the normal performance of the transaction contract. If the successful buyer refuses to sign or perform the sales contract, all of the buyer's deposit will be deducted. Please participate cautiously.

(5) Refund of Deposit: Users who do not succeed in the transaction must apply to "Coking Coal Online" for a refund of the deposit; after review by "Coking Coal Online", the deposit will be refunded within 3-5 working days. Successful users must apply to "Coking Coal Online" for a refund of the deposit after the contract is fully executed.

(6) All users participating in the bidding must strictly comply with the trading methods, processes, and systems of this trading platform, and handle the deposit submission and refund procedures in strict accordance with the deposit management measures of this trading platform. This trading platform does not pay any interest on the deposits submitted by participating users.

3. Bidding Content and Explanation

1. Basic Information of Trading Goods

Variety

Company Abbreviation

Transportation Method

Quantity

Price Form

Wangjiazhuang 6# Coking Coal

Shanxi Datuhua

Road Transport Self-pickup

10,000 tons

Cash with Tax Ex-Factory Price

2. Reference Quality Indicators of Trading Goods

Coal Type

Ash Content

Sulfur Content

Volatile Matter

Caking Index

Starting Price

Bidding Date

Bidding Method and Quantity

Wangjiazhuang 6# Coking Coal

≤11

≤1.6

≤20

≥80

1420

Yuan/Ton

October 22

Split bidding, starting at 3,000 tons

3. Minimum Bid Increment: The minimum bid increment for each bid is 5 yuan/ton.

4. Delivery Location and Method: Self-pickup by the buyer at the seller's site. The price method is tax-inclusive cash ex-factory price.

5. Settlement Method: Implement VAT invoice settlement, full prepayment of goods, and all payments must be settled within 3 working days from the date of transaction. If there are holidays, the deadline will be extended. Late payments will result in the deduction of the full deposit.

6. Quality and Quantity Acceptance Standards and Methods: Quality is based on the seller's testing results, and quantity is based on the measurement quantity at the seller's mine (station) for settlement.

4. Notes:

1. Registration method: This bidding uses internet technology to submit the quantity and price of the supplied coal online. Units participating in the bidding must register on the "Coking Coal Online" e-commerce platform (please refer to the announcement on "Coking Coal Online" for registration methods), log in to the system with the registered username and password, select coal trading -- bidding trading -- participate in bidding -- I want to participate to register.

2. Customers participating in the bidding must comply with the relevant rules of the platform. If violations occur, they will be included in the trading blacklist. If a trader who obtains the qualification for transaction through the bidding process on this trading platform defaults, the bidding subject will be handled separately by this trading platform. Members who default will be listed on the blacklist of this trading platform, and their trading qualifications and online shops will be suspended, prohibiting participation in trading activities on this platform. Please bid rationally.

3. Online bidding method: Log in to the system with the registered username and password, select coal trading -- bidding trading -- in bidding -- participate in bidding.

4. Querying bidding results and signing contracts: Log in to the system with the registered username and password, select coal trading -- bidding trading -- bidding results. Successful buyer traders will sign coal sales contracts with Shanxi Datuhua International Trade Co., Ltd. based on the orders formed by "Coking Coal Online".

5. Others:

1. The interpretation rights of this bidding announcement belong to Shanxi Coking Coal Coking International Trading Center Co., Ltd. All seller responsibilities and seller profits arising from this transaction shall be independently borne by each seller in accordance with the law.

2. If this trading platform uses technical means to identify that individual traders have engaged in "malicious collusion among participants and artificial control of trading prices" during the bidding process, this trading platform has the right to immediately suspend or cancel the bidding.
3. If the bidding is interrupted or cannot proceed normally due to reasons such as hacker attacks, system failures, or server failures, the bidding process for that session will be invalid, and this trading platform has the right to fully handle that session's bidding, and no trader has the right to interfere.

4. Users participating in the bidding must strictly comply with the trading methods, trading processes, and trading systems of this trading platform.

Shanxi Coking Coal Coking International Trading Center Co., Ltd.

October 21, 2024

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