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Monday, 16 September 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR MAX 1,290,000 METRIC TONS OF STEAMING COAL
EWP Korea LogoCOALspot.com: South Korea’s Korea East-West Power Co. Ltd has issued an international tender for total 1,290,000 Metric Tons steam coal.
 
According to the bid notice no. EWP-COAL–2019–LT06~08 terms and conditions, the bidders are required offer 140kt-280kt of Min. 5,600 kcal/kg NAR coal (2019-LT06) for Dec.2019 delivery, 140kt-420kt of Min. 5,600 kcal/kg NAR coal (2019-LT07) for Jan.2020-Mar.2020 delivery and 75kt-150kt of Min. 4,400kcal/kg NAR coal (2019-LT08) for Nov.2019~Dec.2019 delivery.
 
Loading Period
2019-LT06
1st year – 140kt - 280kt
2nd and 3rd Year - 2nd to 3rd year 280kt~560kt/year (delivery Jan.2020~Dec.2021)
 
2019-LT07
1st year – 140kt - 420kt
2nd and 3rd Year - 280kt-840kt/year (delivery Apr.2020-Mar.2022)
 
2019-LT08
1st year – 75kt~150kt
2nd and 3rd Year - 150kt~300kt/year (delivery Jan.2020~Dec.2021)
 
Price
One Single Fixed Price on FOBT
 
Restrictions:
Russian Coal is not allowed
 
Quality 
2019-LT06 & LT07 - Min. 5,600 kcal/kg NAR (Ash Max 17% & Sulphur Max 0.5%)
Total Moisture (arb) : Max. 15%
Volatile Matter (adb) : Min 22 - 38
Ash (adb) : Max 17%
Total Sulfur (arb) : Max 0.5%
Net Calorific Value : Min. 5600 Kcal/Kg minimum
 
2019-LT08 - Min. 4,400kcal/kg NAR (Ash Max 10% & Sulphur Max 0.5%)
Total Moisture (arb) : Max. 40%
Volatile Matter (adb) : Min 22 - 45
Ash (adb) : Max 10%
Total Sulfur (arb) : Max 0.5%
Net Calorific Value : Min. 4400 Kcal/Kg minimum
- Single Mine Only
 
Procurement Method
International e-tender
 
Bid closing date
10:00 A.M., 18th September, 2019 (Korean Standard Time)
 
The Bid documents shall be submitted to Ki-Sung Hong / Managing Director, Procurement Division, Korea East-West Power Co. Ltd., 395, Jongga-ro, Jung-gu, Ulsan, 44543, Korea or coalbidding at ewp.co.kr. If the bidder submits the bid documents by e-mail, the documents shall be locked. The bidder shall notify the password set up the subject documents by e-mail (coalbidding@ewp.co.kr) within 30 minutes after 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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