What is Coal? Coal is a fossil fuel and is the altered remains of prehistoric vegetation that originally accumulated in swamps and peat bogs. The energy we get from coal today comes from the energy that plants absorbed from the sun millions of years ago. The Anambra Basin, located in south-eastern Nigeria, appears to contain the largest and most economically viable coal resources. The basin covers an area of approximately 1.5 million hectares and is constrained by the Niger River on the west, the Benue River on the north and the Enugu Escarpment on the east.

Our trade process spreads across CIF, FOB, TTO, and TTT, depending on the buyer’s preference. Here’s what they entail: 1). Cost Insurance and Freight (CIF): Here, the seller will handle everything from loading the vessel, paying for insurance, and sending the product to wherever the buyer wants it delivered. 2). Freight On Board (FOB): Here, the seller pays for the transportation of the goods to the port of shipment, plus loading costs, while the buyer pays the cost of marine freight transport, insurance, unloading, and transportation from the originating port to the final destination. 3). Tanker Take Over (TTO): Here, the buyer will take over the vessel, offload the product at their destination, and return it. 4). Tanker To Tanker (TTT): Here, the buyer uses their own vessel, long sides with the seller’s vessel, and then the cargo is transshipped when the transaction is fully settled.