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Thursday, 24 January 19
KOREA SOUTHERN POWER INVITED BIDS FOR 960K MT OF 4600 NCV COAL FOR THREE YEARS
KOSPOCOALspot.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 calorific value coal for March - April, 2019 loading.
 
According to Bid Notice No. KOSPO-Coal-2019-ELT01 terms, coal producers are required offer 320,000 MT minimum 4,600 kcal/kg NCV coal on one single Fixed price (US$) FOBT Only.
 
Shipment Size
320,000MT (±10%) (80,000 x 4 Panamax) - per year
 
Shipment Period
1st year (March - April 2019)
2nd year (May - April 2020)
3rd year (May - April 2021)
 
Restrictions
Bidder should guarantee that each shipment of coal to be purchased by Buyer shall be entirely supplied from a single mine. Supply of coal for any shipment from more than 1 (one) mine is not allowed. Bidders are also asked to supply a fresh coal produced from a single coal mine no more than two weeks before loading to the mother vessel for each shipment.
 
Price
One single Origin & Fixed price (USD) based on FOBT
 
Quality 
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 Min. 4,600 Kcal/Kg minimum
Guaranteed Quality : NCV min. 4,600 - max. 4,900 Kcal/kg, Total Sulphur Max. 0.4%
 
Procurement Method
International e-tender
 
Bid closing date
13:00 January 25, 2019 (Korean Standard Time)
 
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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