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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, 19 December 18
GLOBAL COAL DEMAND SET TO REMAIN STABLE THROUGH 2023, DESPITE HEADWINDS - IEA
While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as decli ...


Wednesday, 19 December 18
GLOBAL SHIPPING SCOUTS FOR FUTURE GROWTH - PETER SAND, BIMCO
Where do we go to find economic growth that spurs shipping demand in the next five years? According to the International Monetary Fund (IMF), we sh ...


Wednesday, 19 December 18
SHIPPING MARKET INSIGHT - INTERMODAL
As another year is coming to an end, it is interesting to look at the main shipping markets and how these performed compared to 2017.  &nb ...


Tuesday, 18 December 18
COAL DEMAND WILL REMAIN STEADY THROUGH 2023, INTERNATIONAL ENERGY AGENCY SAYS - TOM DICHRISTOPHER, CNBC
Coal consumption is on the rise but will remain roughly stable over the next five years, the International Energy Agency forecasts. ...


Tuesday, 18 December 18
DRY BULK: IN ABSOLUTE TERMS, ALL MAIN SIZE SEGMENTS SAW THEIR ACTUAL VOLATILITY FIGURES DECREASE - ALLIED
Since the beginning of 2016, when the dry bulk market reached its absolute bottom, freight rates have been ever since on an upward trajectory. Taki ...


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