A model coal supply agreement is an essential document that outlines the terms and conditions of a coal supply contract between a seller and a buyer. This agreement is crucial as it defines the roles and responsibilities of both parties and ensures that the supply of coal meets the required quality standards.

The model coal supply agreement typically covers the essential aspects of the supply chain, including the quality of the coal, the quantity to be supplied, the price, delivery schedule, and payment terms. It also outlines the terms and conditions of the contract, including clauses about force majeure, breach of contract, and dispute resolution.

Before drafting a coal supply agreement, both parties should establish the specifications for the coal to be supplied, including its calorific value, sulfur content, and ash content. The agreement should also specify the quantity of coal to be supplied, the delivery schedule, and the location of the delivery.

The price of the coal should be clearly stated in the agreement, along with the basis for the pricing, which could be on a per-tonne basis or a fixed price per month. The payment terms should also be specified, including the payment period, mode of payment, and any applicable taxes and duties.

In case of any unforeseen circumstances that may impact the supply of coal, the agreement should include a force majeure clause that outlines the circumstances under which the contract can be terminated or suspended. Such circumstances could include natural disasters, political unrest, or any other event that is beyond the control of the parties involved.

In the event of any disputes arising from the agreement, a dispute resolution clause should be included, outlining the procedures to be followed to resolve the dispute. This could include mediation, arbitration, or court proceedings.

In conclusion, a model coal supply agreement is a key document that ensures that the supply of coal meets the required quality standards and that both parties meet their contractual obligations. It is crucial that both parties carefully review the agreement before signing to ensure that all terms and conditions are well understood and agreed upon.