KUALA LUMPUR, July 6 (Bernama) -- Scomi Marine Bhd has secured a RM49.12 million contract to transport coal from Australia, Indonesia, China and South Africa for TNB Fuel Services Sdn Bhd.

In a filing to Bursa Malaysia, Scomi Marine said under the contract, the company was required to transport 500,000 metric tonnes of coal per year, subject to 20 percent variation at TNB Fuel's discretion.

The actual contract value would be determined based on the actual load of coal to be transported by the company.

Scomi Marine said that it was required to provide a performance bond in the sum of RM2.456 million, being approximately five percent of the maximum value of the coal to be transported in one year.