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Saturday, 06 June 20
KOREA SOUTH-EAST POWER CO INVITED COAL BIDS FOR MIN 5600 NCV COAL
/KOEN KoreaCOALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 270,000 Tons (MT) min. 5600 NCV coal for August – September 2020 loading
 
According to the Bid Notice no KOEN -Coal- 2020- SP10~11, the bidders are required offer for 110,000 tons of Min. 5,600 NCV coal with TS :Max 0.8% and IDT:Min.1,350℃  and another 160,000 tons of min 5600 NCV coal with TS: Max 0.8% for 2H 2020 loading. 
 
Shipment Size
Panamax & Cape size
 
Loading Schedule
SP10 - 110,000 +/-10% 
August 1H, 2020 (Australia) or August 2H, 2020 (South Africa ) 
 
SP11 – 160,000 +/- 10% (1+1 Option)
1st : September, 2020 and 2nd (Seller’s Option) : October, 2020
 
Price
One single Origin & Fixed price (USD) based on FOBT 
 
Restrictions: 
Not allowed from East Russia
Supply of coal for any shipment from more than one mine is not allowed. However, multi mine with mutual agreed basis condition can be accepted
 
Quality
Total Moisture (arb) : Max. 28
Volatile Matter  (adb) : 22-38%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.8%
Net Calorific Value  (arb) : Min. 5600 kcal/kg
 
Procurement Method
International e-tender
 
Bid closing date
10:30., 11th June, 2020 (Korean Standard Time). Submission time of bid documents shall be decided only according to the uploading time at Buyer's server system.


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