SCoTA
globalCOAL's Standard Coal Trading Agreement
globalCOAL introduced the Standard Coal Trading Agreement (SCoTA®) in May 2001. Its purpose: to change the way business is conducted in the coal market by enabling the creation of tradable standard products.
Acting as a 'Master Agreement', SCoTA provides a single, accepted set of terms and conditions, and a range of coal quality specifications and delivery points for international coal sales and purchases. Although it can be used offline, in bilateral and brokered deals, it also governs each and every transaction executed on the globalCOAL online coal trading platform.
SCoTA has now been widely adopted as the contract of choice by coal producers, coal consumers and coal traders worldwide, both for screen trading and in bilateral transactions.
SCoTA: A Dynamic Resource
Evolving in a fast-paced environment, SCoTA is constantly being revised and enhanced in response to market developments to ensure that it remains relevant, effective, and captures new market opportunities.
globalCOAL actively manages the development of SCoTA through a collaborative approach with its Market Members. The latest version of the contract, SCoTA v7, was released in June 2009.
Access
SCoTA quality specifications can be viewed here.
To download SCoTA in full, and/or to use the contract in bilateral coal sale and purchase transactions, parties must become Licensed Users by signing the globalCOAL Product Licensing Agreement (PLA).
Becoming a Licensed User is free.
Parties who have signed and returned a copy of the PLA can view the latest SCoTA version here.Please note that globalCOAL actively protects its intellectual property.
