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IAG Insurance Australia Group Limited

SINCE 1921

CARGO TRANSPORTATION INSURANCE POLICY

INVOICE NO. 7966616

POLICY NO. 1124666

CONTRACT NO. SC-529

L/C NO. RRRI-601225

INSURED:NORTHERN ENERGY CORPORATION LIMITED NO.166 CAMPBELL STREET QLD AUSTRALIA

THIS POLICY OF INSURANCE WITNESSES THAT INSURANCE AUSTRALIA GROUP LIMITED (HEREINAFTER CALLED “THE COMPANY”) AT THE REQUEST OF THE INSURED AND IN CONSIDERATION OF THE AGREED PREMIUM PAID TO THE COMPANY BY THE INSURED, UNDERTAKES TO INSURE THE UNDERMENTIONED GOODS IN TRANSPORTATION SUBJECT TO THE CONDITIONS OF THIS OF THIS POLICY AS PER THE CLAUSES PRINTED OVERLEAF AND OTHER SPECIAL CLAUSES ATTACHED HEREON.

MARKS&NOS QUANTITY DESCRIPTION OF GOODS AMOUNT INSURED

DA TONG COAL CO

SC-529

RRRI-601225 QINHUANGDAO 2000MT

IN BULK

STEAM COAL USD 585,200.00

TOTAL AMOUNT INSURED:SAY US DOLLARS FIVE HUMDRED EIGHTY-FIVE THOUSAND TWO HUMDRED ONLY

PERMIUM:AS ARRANGED DATE OF COMMENCEMENT:AS PER B/L PER CONVEYANCE:

FROM:BRISAANE PORT VIA TO QINGHUANGDAO PORT

CONDITIONS:

COVERING ALL RISKS FOR 110 PCT OF INVOICE V ALUE AS PER AND SUBJECT TO OCEAN MARINE CARGO CLAUSES OF

P.I.C.C.DA TED 1 / 1 / 1981.

IN THE EVENT OF LOSS OR DAMAGE WITCH MAY RESULT IN A CLAIM UNDER THIS POLICY, IMMEDIATE NOTICE MUST BE GIVEN TO THE COMPANY’S AGENT AS MENTIONED HEREUNDER. CLAIMS, IF ANY, ONE OF THE ORIGINAL POLICY WHICH HAS BEEN ISSUED IN ORIGINAL(S) TOGETHER WITH THE RELEVANT DOCUMENTS SHALL BE SURRENDERED TO THE COMPANY. IF ONE OF THE ORIGINAL POLICY HAS BEEN ACCOMPLISHED. THE OTHERS TO BE VOID.

INSURANCE AUSTRALIA GROUP LIMITED

CLAIM PAYABLE AT QINGHUANGDAO CHINA

JAN. 05,2013

ISSUING DATE Authorized Signature

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