KinerjaPay Corp. announced that the company is currently planning for its first Steam Coal shipment from Muara Berau Anchorage at East Kalimantan. The loading schedule has been confirmed to begin from early February to completion on and before 28thFebruary 2021, as stated as the Latest Date of Shipment on the Letter of Credit. This shipment will mark as the first Steam Coal shipment by the company to its Buyers. As the company has yet to obtain the export license for this shipment, the company works with local license holder, PT. Korindo Bara Energi, as the exporter of the coals. At the meantime, the company has begun its preparation on the ground to source Coal Grade NAR 3,800 kcal/kg (ARB) for its first delivery, based on the latest quality update from the Customer. According to the Self-Trimming Bulk Carrier/Vessel capacity being booked, the company shall load a maximum capacity of 70,000 Metric Tons, with an allowance of plus or minus ten percent (+/-10%) on such capacity. The contract for the first shipment is worth USD 2.1 million based on current the Coal Price Index of USD 30.00 for the calorific value of NAR 3,800 kcal/kg. The company is estimated to earn an estimated Gross Margin of 12% based on the contract value.