ICI Specification
The ICI Weekly Report is the dominant price reference of Indonesian coal, in markets domestically, as well as internationally under the brand “Argus / Coalindo ICI”.
FOB Kalimantan
The ICI Weekly Report is the dominant price reference of Indonesian coal, in markets domestically, as well as internationally under the brand “Argus / Coalindo ICI”. The five types of ICI assessments are as follows:
Grade (Kcal) | Timing | Sulphur | Ash | TM | Size |
6500 GAR (6200NAR) – ICI 1 | in 90 days | Up to 1% | Up to 12% | Up to 12% | Panamax |
5800 GAR (5500NAR) – ICI 2 | in 90 days | Up to 0.8% | Up to 10% | Up to 18% | Panamax |
5000 GAR (4600NAR) – ICI 3 | in 90 days | Up to 0.6% | Up to 8% | Up to 30% | Panamax |
4200 GAR (3800NAR) – ICI 4 | in 90 days | Up to 0.4% | Up to 6% | Up to 40% | Mother Vessel |
3400 GAR (3000NAR) – ICI 5 | in 90 days | Up to 0.2% | Up to 4% | Up to 50% | Mother Vessel |