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Wednesday, 10 July 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR HCV AND LCV COAL FOR AUGUST 2019 LOADING
KOENCOALspot.com: South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for total 460,000 to 500,000 Metric Tons (MT) steam coal to burn in Samcheonpo, Yeongheung and Yeosu Thermal Power Plants.
 
According to the bid notice no. KOEN-Coal-2019-SP07~09 terms and conditions, the bidders are required offer 200,000 MT of Min. 5,600 NCV coal (SP07 (HCV)), 130,000 to 150,000 MT of Min. 5,600 NCV coal (SP08 (HCV)) and 130,00 to 150,000 MT of Min.4,600 NCV coal (SP09 (LCV)).
 
Shipment Size
SP07 (HCV) 
200,000 MT+/-10% (100,000MT x 2, 2 Consecutive Shipments)
Delivery: As per schedule of MV. HL Samarinda (Current ETD from Korea is 10th August)
 
(SP08 (HCV)
130,000 to 150,000 MT+/-10% (1 Cape or 2 Panamax)
Delivery: FOB : 1H of August, 2019 (loading) or CFR : 2H of August, 2019 (arrival)
 
(SP09 (LCV) (Sing Mine Only)
130,000 to 150,000 MT +/-10% (1 Cape or 2 Panamax)
Delivery: FOB : 1H of August, 2019 (loading) or CFR : 2H of August, 2019 (arrival)
 
Price
SP07 HCV : One Single Fixed Price on FOBT
SP08 HCV & SP09 LCV : One Single Fixed Price on FOBT or CFR
 
Loading or Arrival Schedule
1H or 2H August 2019
 
Restrictions:
SP07 : Not allowed from China and Russia East
SP08~09 : Not allowed from Colombia and Russia West(However, in case of CFR, if the vessel could arrive in Youngheung between 16th August and 30th August, the offer from Colombia and Russia West could be acceptable.)
 
Quality 
(Min.5600 NCV coal) SP-07~08
Total Moisture (arb) : Max. 28%
Volatile Matter (adb) : Min 22 
Ash (adb) : Max 17%
Total Sulfur (arb) : Max 0.8%
Net Calorific Value : Min. 5600 Kcal/Kg minimum
 
(Min.4600 NCV coal) SP-09
Total Moisture (arb) : Max. 30%
Volatile Matter (adb) : Min 22 
Ash (adb) : Max 10%
Total Sulfur (arb) : Max 0.6%
Net Calorific Value : Min. 4600 Kcal/Kg minimum
 
Procurement Method
International e-tender
 
Bid closing date
10:00 A.M., 11 July, 2019 (Korean Standard Time)
The Bid including the price shall be bound as a firm offer and valid till KST 18:00 on11th of July, 2019.The bidder who does not give the validity till KST 18:00 on 11 July, 2019 shall be disqaulified. KOEN may request the Bidder to extend the validity period of the Bid, if necessary.
 
The Bid documents shall be submitted through the designated e-mail address (warroom1 AT 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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