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Friday, 14 December 18
KOSPO INVITED BIDS FOR 320,000 MT OF LOW CALORIFIC VALUE COAL
KOSPOCOALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,300 kcal/kg NCV coal per annum starting from 2019 to 2021.
 
According to Bid Notice No. KOSPO-Coal-2018-SC-ELT06 terms, coal suppliers are required offer 320,000 MT minimum 4,300 kcal/kg NCV coal on one single Fixed price (US$) FOBT Only.
 
Shipment Size
80,000×4 Panamax +/- 10% Shipping Tolerance. 
 
Contract Period: Three (3) years
1st year : (February 2019 - May 2019)
2nd year: (June 2019 - May 2020)
3rd year: (June 2020 - May 2021)
 
Deliveries of coal shall begin from February 2019 and shall continue thereafter for a period of three (3) years until May 2021.
 
For 1st year Shipping Schedule (Loading Basis)
February - May 2019
 
Shipment Size 
4 Panamax: 320,000 MT +/- 10% Shipping Tolerance.  
 
Price
One single Origin & Fixed number (USD) based on FOBT
 
Quality (NCV Min. 4,300 kcal/kg)
Quality (based on ASTM standards) for 5600 kcal/kg NCV coal
Total Moisture (arb) Max. 43%
Volatile Matter (adb) Min 16 - Max 45%
Ash (adb) Max 10%
Total Sulfur (arb) Max 0.5%
Net Calorific Value minimum 4,300 Kcal/Kg minimum
Guaranteed Quality : NCV min. 4,400 ~ max. 4,900Kcal/kg, Total Sulphur Max. 0.4%
 
Procurement Method: International e-tender
 
Bid closing date
December 19, 2018 13:00 KST
 
The Bid documents shall be submitted through the designated e-mail address (kospofuelbidding at kospo.co.kr) not later than the dead line.


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Recent News

Wednesday, 06 March 19
KOREA SOUTHERN POWER CO INVITES BIDS FOR 980,000 MT OF 4600 NCV COAL FOR THREE YEARS
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,600 kcal/kg NCV low calo ...


Wednesday, 06 March 19
SHIPPING MARKET INSIGHT - INERMODAL
In a downward moving market, softer SnP activity is usually a given, as the gap between Sellers’ and Buyers’ ideas widens, especially w ...


Saturday, 02 March 19
A 60,500-TONNER WAS BOOKED DELIVERY SINGAPORE, VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $11,250 - BALTIC BRIEFING
Capesize Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all a ...


Thursday, 28 February 19
COAL'S PERFECT STORM HITS $70 BILLION AUSTRALIAN PROJECTS - BLOOMBERG
It’s been a tough few weeks for our coal industry.   First there was a court ruling blocking a new mine on climate change ground ...


Wednesday, 27 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
With the IMO 2020 approaching, it becomes challenging for the market to accurately explore the run-up to the deadline given that marine fuel-oil of ...


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