
BUYING COAL
Doing Business with US Coal Exchange
US Coal Exchange has established significant coal supply with many coal mining partners and port loading facilities throughout the United States. As a result, we can supply many different coal types and amounts, from Lignite to Steam Coal to Met/Coking Coal to Anthracite.
Many factors are involved in buying coal or pricing a coal request including the mine supply and location, port fees and access, train or barge shipping logistics and schedules, blending arrangements, etc. Because we deal with many coal suppliers, shipping companies and port authorities in several countries, we must have a complete verifible request from the actual buying group. We cannot fulfill general coal pricing requests from unconfirmed sources based on simple emailed specs.
An email direct from the buyer or signed corporate Letter of Intent (LOI) must be submitted to us from the buyers or final burners. This information cannot be completed or sent by brokers.
The email or LOI issued from the buyers or final burners needs to include full corporate information, amount, target price, delivery, coal specifications, rejection limits, contact information and any additional information relevant to the buyers request. In certain cases, financial information may be required.
IMPORTANT BROKER INFORMATION
We honor and include all facilitators or brokers involved in introducing potential coal buyers or sellers to US Coal Exchange that results in a closing transaction.
It must be understood that the buying and selling of coal and any other commodity involves very confidential corporate and financial information. Buyers and sellers negotiate deals directly. Information is not passed through individuals that are not direct employees of the companies or true mandates verified by authorization paperwork. Emails or LOIs issued from broker groups, sanitized requests or requests issued to "End Seller" will not be accepted.
Master Fee Protection agreements for brokers are issued and negotiated on a case by case basis at the contract stage of a transaction.