COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,500,000-1,620,000 Metric Tons (MT) steam coal for the 1st contract year for Samcheonpo, Yeongheung, Yeosu Thermal Power Plant.
According to the bid notice no. KOEN-Coal-2020-LT03~07 terms and conditions, the bidders are required offer 630,000 to 690,000 tons of Min. 5,600 NCV, TS :Max 0.8% coal, 240,000 mt of Min. 4,400 - Max.4,900 NCV, TS: Max 0.8% coal, 390,000 – 450,000 mt of Min. 4,400 - Max.5,499 NCV, TS: Max 0.5%, Ash: Max 17% coal and 240,000 mt of min 3,700 - 4,000 NCV, TS: Max 0.4% coal for June to September loading.
Shipment Size
Panamax & Cape size
Price
One single Origin & Fixed price (USD) based on FOBT CY1
Loading Schedule
June to September, 2020
LT-03 (HCV) - One Single Fixed Price on FOBT CY1
NCV coal - Min.5,600 (TS: Max 0.8%)
240kt±10% (3 Panamax) 1st Contract year *Not allowed from East Russia
Loading
CY1 : June - August, 2020(Countries less than 20 voyage days from Korea ) or July - September, 2020(Countries more than 20 voyage days from Korea) *One way voyage basis
CY2 : September 2020-August 2021 (Evenly Spread)
CY3 : September 2021-August 2022 (Evenly Spread)
LT-04 (HCV) - One Single Fixed Price on FOBT CY1
NCV coal - Min.5,600 (TS: Max 0.8%)
390-450kt±10% (3 Capesize) 1st Contract year
Loading
CY1 : July - September, 2020 (Countries less than 20 voyage days from Korea ) or August - October, 2020 (Countries more than 20 voyage days from Korea ) *One way voyage basis
CY2 : October 2020-September 2021 (Evenly Spread)
CY3 : October 2021-September 2022 (Evenly Spread)
LT-05 (LCV) - One Single Fixed Price on FOBT of CY1 (Single Mine Only)
NCV coal -Min.4,400-Max.4,900 (TS: Max 0.8%)
240kt±10% (3 Panamax) 1st Contract year *Capesize Not allowed
Loading
CY1 : June - August, 2020
CY2 : September 2020-August 2021 (Evenly Spread)
CY3 : September 2021-August 2022 (Evenly Spread)
LT-06 (LCV) - One Single Fixed Price on FOBT of CY1 (Single Mine Only)
NCV coal - Min.4,400-Max.5,499 (TS: Max 0.5%) (Ash: Max 17%)
390-450kt±10% (3 Capesize) 1st Contract year
Loading
CY1 : July - September, 2020
CY2 : September 2020-August 2021(Evenly Spread)
CY3 : September 2021-August 2022(Evenly Spread)
LT-07 (ULCV) - One Single Fixed Price on FOBT of CY1 (Single Mine Only)
NCV coal - 3,700-4,000 (TS: Max 0.4%)
240kt±10% (3 Panamax) 1st Contract year *Capesize Not allowed
Loading
CY1 : June - August, 2020
CY2 : September 2020-August 2021 (Evenly Spread)
CY3 : September 2021-August 2022(Evenly Spread)
Procurement Method
International e-tender
Bid closing date
13:00 P.M., 14th of April, 2020 (Korean Standard Time). Submission time of bid documents shall be decided only according to the arrival time at Buyer's server system.
