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Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
 COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bituminous steam coal for 5 years for TAEAN Power Plant.
According to the bid notice no. KOWEPO-COAL-2019-LT-1 terms and conditions, the bidders are required offer on FOBT basis.
LT-1-1 (HCV): Min.5,600 kcal/kg NCV (TS : 0.6%max)
LT-1-2 (HCV): Min.5,600 kcal/kg (TS : 0.5%max, Ash : 13%max)
Quantity
LT-1-1 (HCV) - Total Quantity : 1,650k MT+/-10%
330k MT+/-10% (165k MT +/-10% * 2 cargos)
1,320k MT +/-10% (330k MT+/-10% per each year)
LT-1-2 (HCV) - Total Quantity : 990k MT+/-10%
110k MT+/-10% * 1 cargo
1,320k MT +/-10% (220k MT+/-10% per each year)
Shipping Schedule
LT-1-1 (HCV):
1st CY - 1st Shipment
Indonesian Ports : 29 Mar~17 Apr, 2020 | Australian Ports : 3 ~22 Apr, 2020 | Canadian Ports : 8~27 Apr, 2020 | South African Port : 12 Apr~1 May, 2020 | Colombian Ports : 19 May~7 Jun, 2020
1st CY - 2nd Shipment
Indonesian Ports : 1~20 May, 2020 | Australian Ports : 6~25 May, 2020 | Canadian Ports : 11~30 May, 2020 | South African Port : 15 May~3 Jun, 2020 | Colombian Ports : 21 Jun~10 Jul, 2020
2nd CY to 5th CY
1 Jul, 2020~ 30 Jun, 2024
LT-1-2 (HCV)
1st CY – 1 cargo
Indonesian Ports : 26 Apr~15 May, 2020 | Australian Ports : 1~20 May, 2020 | Canadian Ports : 6~25 May, 2020 | South African Port : 11~30 May, 2020 | Colombian Ports : 16 Jun~5 Jul, 2020
2nd CY to 5th CY
1 Jul, 2020~ 30 Jun, 2024
Quality (LT-1-1)
Total Moisture (arb) : Max. 15
Volatile Matter (adb) : 22-36%\
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.6%
Net Calorific Value (arb) : Min 5,700 kcal/kg
Quality (LT-1-2)
Total Moisture (arb) : Max. 15
Volatile Matter (adb) : 22-36%
Ash (adb) : Max. 13%=
Total Sulphur (arb) : Max. 0.5%
Net Calorific Value (arb) : Min 5,600 kcal/kg
Restriction
- East Russian and Chinese coal are not allowed to participate.
- In case of LT-1-2, only producer and trader who have a sole right for sales is able to participate in the bidding.
Procurement Method
International e-tender
Bid closing date
10:00 AM, 6th February, 2020(KOWEPO Server’s Korea Standard Time)
The Bid documents shall be submitted by designated e-mail below not later than the deadline-mail : bidding@iwest.co.kr. The Bid documents which submitted by personal e-mail or a method other than those noted above shall not be accepted.
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Tuesday, 04 February 20
CAPE: THE AVERAGE EARNINGS PER DAY FELL BENEATH THE USD 4,000, A LEVEL CONSIDERABLY BELOW EVEN THE MOST CONSERVATIVE OPEX LEVELS - ALLIED
The recent slump in the dry bulk freight market may well have been expected to some degree, but despite this the shock was still overwhelming when ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing ...
Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with ...
Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
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- Aditya Birla Group - India
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