CONSOL Energy Inc | 2013 | FY | 3


t December 31, 2013, CONSOL Energy has provided the following financial guarantees, unconditional purchase obligations and letters of credit to certain third parties, as described by major category in the following table. These amounts represent the maximum potential total of future payments that we could be required to make under these instruments. These amounts have not been reduced for potential recoveries under recourse or collateralization provisions. Generally, recoveries under reclamation bonds would be limited to the extent of the work performed at the time of the default. CONSOL Energy management believes that these guarantees will expire without being funded, and therefore the commitments will not have a material adverse effect on financial condition.
 
Amount of Commitment Expiration Per Period
 
Total
Amounts
Committed
 
Less Than
1  Year
 
1-3 Years
 
3-5 Years
 
Beyond
5  Years
Letters of Credit:
 
 
 
 
 
 
 
 
 
Employee-Related
$
190,358

 
$
164,852

 
$
25,506

 
$

 
$

Environmental
56,293

 
23,075

 
33,218

 

 

Other
114,106

 
76,460

 
37,646

 

 

Total Letters of Credit
360,757

 
264,387

 
96,370

 

 

Surety Bonds:
 
 
 
 
 
 
 
 
 
Employee-Related
204,884

 
204,884

 

 

 

Environmental
610,209

 
610,209

 

 

 

Other
32,492

 
32,481

 
10

 

 
1

Total Surety Bonds
847,585

 
847,574

 
10

 

 
1

Gurantees:
 
 
 
 
 
 
 
 
 
Coal
333,460

 
200,400

 
133,060

 

 

Other
70,523
 
35,611
 
10,846
 
9,718
 
14,348
Total Guarantees
403,983

 
236,011

 
143,906

 
9,718

 
14,348

Total Commitments
$
1,612,325

 
$
1,347,972

 
$
240,286

 
$
9,718

 
$
14,349


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