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Wednesday, 19 February 20
KOREA MIDLAND POWER INVITED BIDS FOR 1 MILLION TONS OF HCV AND LCV COAL FOR Q2- Q4 LOADING
 COALspot.com: Korea Midland Power Co. Ltd, (KOMIPO). has issued an international tender for total 1 million MT of coal for April to December 2020 loading.
According to the bid notice No. KOMIPO-Bid Notice-2020-LT01~LT02 terms and conditions, the bidders are required offer One single fixed FOBT price basis.
Quantity
[LT01] Min.5,700 NAR Coal - 520,000 MT (4 Cape * 130,000 MT)
[LT02] 4,700 - 4,999 NAR Coal - 480,000 MT (6 Panamax * 80,000 MT)
Shipping Schedule
Min.5,700 NAR Coal
[CY1] 1st : April.2020 | 2nd : May 2020 | 3rd : : Q3. 2020 | 4th: : Q4. 2020
[CY2-CY4] Evenly spread
4,700 - 4,999 NAR Coal
[CY1] 1st : May 2020 | 2nd : June 2020 | 3rd to 6th: Q3 or Q4
[CY2~CY4] Evenly spread
Quality
Min.5,700 NAR Coal
Total Moisture (arb) : Max. 15
Volatile Matter (adb) : 22-38%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.7%
Net Calorific Value (arb) : Min 5,600 kcal/kg
4700 - 4999 NAR Coal
Total Moisture (arb) : Max. 28
Volatile Matter (adb) : 22-45%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.3%
Net Calorific Value (arb) : 4700 - 4999 kcal/kg
Restriction
[LT01] Australian coal only
[LT02] Indonesian and/or Russian Coal only.
[LT02] The Coal must be supplied entirely from a single mine owned by the successful bidder(s).
[LT01-LT02] Multiple origins are not allowed to attend.
[LT01-LT02] New bidders are not allowed to attend this tender
Procurement Method
International e-tender
Bid closing date
10:00 hrs on February 26, 2020 (Korea Standard Time)
The Bid Documents must be delivered in person, by mail or courier to the address below to arrive by no later than the Bid Closing Date:
Mr. You Shin Kim/ General Manager / Fuel Management Team, 1st floor Information Desk, Seoul Power Plant, Korea Midland Power Company Limited, 56, Tojeong-ro, Mapo-gu, Seoul, Republic of Korea
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Friday, 07 February 20
CIL LOOKING TO TAP NON-POWER SECTORS FOR INCREMENTAL COAL, PTI REPORTED
The miner is looking to ramp up production to meet its targets for the current fiscal at a time when the economic slowdown is impacting demand for ...
Friday, 07 February 20
VIRUS - HIT CHINA MAY NEED MORE IMPORTS OF COAL. NOW COMES THE TRICKY PART - SHIPPING IT THERE: REUTERS
China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation th ...
Friday, 07 February 20
CORONAVIRUS IMPACTING THE GLOBAL SHIPPING INDUSTRY - BIMCO
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. T ...
Thursday, 06 February 20
CAPE: WEAK SUPPLY/DEMAND RATIO THE STREETS REMAIN BLOODY FOR THE BIG SHIPS - FEARNLEYS
Cape: With still a weak supply/demand ratio the streets remain bloody for the big ships, and actual spot earnings are close to zero on main short-h ...
Thursday, 06 February 20
CHINESE DEMAND KEY UNCERTAINTY FOR SEABORNE COAL MARKET IN 2020 - THE BRICS POST
Coal trader Noble Resources head of research Rodrigo Echeverri Cardozo had penciled in a 3 Mt drop in Chinese import demand for 2020, but it could ...
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