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Friday, 11 October 19
KOREA SOUTH-EAST POWER TO IMPORT LCV COAL IN NOVEMBER
KOENCOALspot.com: South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for 75,000 Metric Tons low calorific value coal for November loading.
 
According to the bid notice no. 2019-SP14 terms and conditions, the bidders are required offer 75,000MT (+/-10%) Min.3,300 - Max. 3,900 kcal/kg NCV coal on FOBT basis.
 
Loading Period
November 2019
 
Price
One Single Fixed Price on FOBT - Single Mine Only
 
Restrictions:
- Liquidate Damage clause shall not be deleted.
- The vessel age shall not be restricted.
- The demurrage cap is applied to U$35,000 for Cape and U$25,000 for Panamax.
- The bidder should not submit specified surveyor’s name.
- The bidder should not submit two prices in the same bid.
- The restricted origin bidding shall not be accepted multi origin clause.
- Payment term should be selected T/T or L/C without any other details.
- The bidder should not remove any clauses in Adjustment of the Price for Quality in the 
contract.
 
Quality 
Total Moisture (arb) : Max. 45%
Volatile Matter (adb) : Min 22%
Ash (adb) : Max 10%
Total Sulfur (arb): Max 0.4%
Net Calorific Value: Min. 3300 Kcal/Kg minimum - 3900 Kcal/Kg maximunm
 
Procurement Method
International e-tender
 
Bid closing date
10:00 A.M., 14th October, 2019 (Korean Standard Time)
 
The Bid documents shall be submitted through the KOEN Website (http://www.koenergy.kr/kosep/en/main/do) not later than the dead line. 


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