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Friday, 07 June 19
KOEN INVITED BIDS FOR 1.87 MILLION TONS OF COAL FOR JULY - OCTOBER 2019 DELIVERY
KOEN KoreaCOALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,700,000 to 1,870,000 Metric Tons (MT) steam coal for the 1st contract year. The successful bidders except Russian origin shall be increased contract volume from CY2 to CY3 up to 150% the quantity offered for CY1. In case of Russian origin, shall be increased volume from CY2 to CY3 up to 130% the quantity offered for CY1.
 
According to the bid notice no. KOEN-Coal-2019-LT03~LT04 terms and conditions, the bidders are required offer 650,000 to 750000 tons of Min. 5,400 NCV coal (TS :Max 0.8%),  Min.4,600 and 
Max.5,200 NCV coal (TS :Max 0.6%) and Min.4,600 and Max.5,000 NCV coal (TS :Max 0.6%) on one single fixed price on FOBT for CY1 (Only Cape). 
 
Shipment Size
Cape:over 130,000MT 
 
Price
One single Origin & Fixed price (USD) based on FOBT
 
Loading Schedule
July to Oct, 2019 
 
Quality (Min.5,400 (TS :Max 0.8%))
Total Moisture (arb) Max. 28%
Volatile Matter (adb) Min 22 
Ash (adb) Max 17%
Total Sulfur (arb) Max 0.8%
Net Calorific Value Min. 5400 Kcal/Kg minimum
 
Quality (Min. 4,600 - Max. 5,200)
Total Moisture (arb) Max. 30%
Volatile Matter (adb) Min 22 
Ash (adb) Max 17%
Total Sulfur (arb) Max 0.6%
Net Calorific Value Min. 4,600 - Max. 5,200
 
Quality (Min. 4,600 - Max. 5,000)
Total Moisture (arb) Max. 30%
Volatile Matter (adb) Min 22 
Ash (adb) Max 17%
Total Sulfur (arb) Max 0.6%
Net Calorific Value Min. 4,600 - Max. 5,000
 
Procurement Method
International e-tender
 
Bid closing date
10:30A.M., 12th of June, 2019 (Korean Standard Time).
 
The Bid documents shall be submitted through the designated e-mail address (warroom1@koenergy.kr) not later than the dead line. The Bidder shall inform KOEN for submission of bid documents by phone (82-70-8898-1321, 1326) no later than bid closing time.


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Recent News

Tuesday, 16 July 19
KING COAL RULES IN JAPAN AS POWER UTILITIES IN THRALL TO LOW-COST FUEL - REUTERS
Japanese utilities will rely on the return of coal-fired power plants from maintenance to meet peak electricity demand this summer, highlighting th ...


Tuesday, 16 July 19
SUPRAMAX: THE ASIAN ARENA WAS SPLIT, WITH A BUILD-UP OF TONNAGE AND LACK OF ENQUIRY IN THE NORTH - BALTIC BRIEFING
Capesize It was a Brazilian affair with a strong splash of bunkers characterising the Capesize market over the past week. Largely traded in Eur ...


Wednesday, 10 July 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR HCV AND LCV COAL FOR AUGUST 2019 LOADING
COALspot.com: South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for total 460,000 to 500,000 Metric To ...


Wednesday, 10 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. The warning ...


Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...


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