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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

Saturday, 07 December 19
SUPRAMAX: OVERALL, THE BALTIC SUPRAMAX INDEX REMAINED IN POSITIVE MODE, DESPITE SOME AREAS LACKING FRESH ACTIVITY - BALTIC BRIEFING
Capesize This week the Capesize market maintained healthy earnings, as an end of year surge took the Capesize 5TC back up to $25,202 by mid-wee ...


Friday, 06 December 19
INDONESIA COAL BENCHMARK PRICE FOR DECEMBER INCREASES BY US 3 CENTS MOM
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...


Thursday, 05 December 19
IMO 2020 IS ABOUT TO GET REAL - GAVIN THOMPSON
As I write this edition of the APAC Energy Buzz from my desk in Singapore I can see ships. Lots of ships. No surprise given that Singapore is among ...


Wednesday, 04 December 19
FITCH RATINGS: CASH FLOW GENERATION TO SLOW DOWN FOR INDONESIAN COAL MINERS
Fitch Ratings' negative outlook on the Indonesian coal-mining sector reflects our view of weaker cash flow generation on account of declining c ...


Wednesday, 04 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
Dry bulk freight rates rebounded last week, a development that came as a relief following the recent negative sentiment that prevailed in the marke ...


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