The courses are held regularly in the main centres of the world coal trade. To download the contract and use it in bilateral coal sales and purchase transactions, you are first asked to sign the globalCOAL Product Licensing Agreement (PLA). † SCoTA combines a unique set of accepted standard conditions with a series of coal quality specifications and delivery points for international coal sales and purchases. This will allow market participants to focus on the essential of the negotiations: pricing. GlobalCOAL`s SCoTA Crash Courses cover everything you need to know to be able to safely participate in the international coal market. Global Coal released its version SCoTA 8 («V.8») on September 16, 2011, which makes substantial changes to both the structure and terms of the SCoTA contract. V.8 will be adopted on February 26, 2012 for screen trading, but until then, members of Global Coal V.8 must execute with other members with whom they wish to trade. The following tables summarize the coal quality specifications mentioned in SCoTA. Since its launch in 2001, globalCOAL`s Standard Coal Trading Agreement (SCoTA) has revolutionized international coal trade.
SCoTA allows users to buy and sell physical coal loads quickly, efficiently and with limited baseline risk. Consult our Hydro-Coal calculators to calculate the CSR and final price of the coal supplied. The following marks may be delivered in accordance with the specification of HCCA brand transactions: Goonyella, Moranbah North, Illawarra, Oaky Creek, North Goonyella Each is a «burnt metallurgical coal» within the meaning of HCCA RSS. A copy of the PLA translated into Indonesian is available here as a reference † The product license agreement protects globalCOAL`s intellectual property. It is free to sign the PLA and download SCoTA. Please note that globalCOAL actively protects its intellectual property. Please note that this information is only a summary and should only be used in conjunction with SCoTA. You can download the contractLoad the contract completely by becoming a licensed user. Stephenson Harwood is preparing a more detailed guide to SCoTA 8 for customers. Access to SCoTA is free. SCoTA is, however, a registered trademark and globalCOAL owns intellectual property rights in SCoTA.
It can only be used under a license granted by globalCOAL. *These links to external sources are provided for reference only and are available from 9 An election in accordance with Annex 6 must be held to apply to (1) or (2), as these are newly introduced failure events. Modifying an existing default event means that the period prior to the expiration or termination of a credit support document may be amended by reference to Annex 6. The significance and identification of what are or are significant adverse changes may also be chosen in accordance with Annex 6. The definitions of Credit Support Support Document (formerly known as Assurance Performance), Credit Support Provider, and Cross Default Threshold have all been modified to include references to options in Appendix 6. Price adjustments apply to the following parameters: Please note that the following parameters only give a brief overview of V.8. It does not offer legal advice on all matters created by V.8. SCoTA is protected by copyright and copies may be obtained from Global Coal if you agree to the terms of your product license agreement. Once you are a licensed user, you have access to our dedicated customer portal, where you can download the entire agreement. Unlike other globalCOAL specifications, the HCCLV RSS does not impose refusal limits. Instead, the seller must provide one of the authorized marks for which typical specifications are widely used and prove the mark on shipping papers.. .