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Monday, 20 July 20
KOREA MIDLAND POWER INVITED BIDS FOR TOTAL 2.520 MILLION MT OF BITUMINOUS COAL FOR THREE YEARS
 COALspot.com: Korea Midland Power Co., Ltd (KOMIPO), has issued an international tender for total 840,000 of Bituminous Coal to be used at Boryeong & Shin Boryeong Power Plants.
According to the bid notice No. Bid Notice No. KOMIPO-Bid Notice-2020-LT05~06 [High & Low Calorific Value Coal] terms and conditions, the bidders are required offer One single fixed FOBT price basis.
Total Quantity
840,000 (±10%) (4 Panamaxes & 4 Capes)
Shipping Schedule
LT05 HCV Coal
Min. 5,700 kcal/kg (4 Cape) +/- 10% Shipping Tolerance
[CY1]
1st shipment : Sep, 2020
2nd shipment: Oct, 2020
3rd & 4th shipments: Q4,2020-Q2,2021
[CY2]
Q3,2021~Q2,2022 Evenly spread
[CY3]
Q3,2022~Q2,2023 Evenly spread
[LT06] LCV Coal (Single Mine Only)
4,600~4,999 kcal/kg - (4 Panamaxes * 80,000 MT) +/- 10% Shipping Tolerance
[CY1]
1st shipment : Sep, 2020
2nd shipment : Oct, 2020
3rd & 4th shipments : Q4,2020~Q2,2021
[CY2]
Q3,2021~Q2,2022 Evenly spread
[CY3]
Q3,2022~Q2,2023 Evenly spread
Price Basis
One single fixed price (USD) based on FOBT
Quality
LT05 HCV : Min 5,700 kcal/kg & TS: 0.8% Max
Total Moisture (arb) : Max. 15
Volatile Matter (adb) : 22-38%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.8%
Net Calorific Value (arb) : Min 5,700 kcal/kg
LT06 LCV : 4,600 - 4,999 kcal/kg & TS: 0.5% Max
Total Moisture (arb) : Max. 28
Volatile Matter (adb) : 22-45%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.5%
Net Calorific Value (arb) : Min 4,600 Max 4,999 Kcal/kg
Restrictions
New bidders are not allowed to attend this tender
Procurement Method
International e-tender
Submission of Bid Documents
The Bid Documents shall be submitted by designated e-mail not later than the deadline. E-mail : mh.lee @ komipo.co.kr and tulip777 @ komipo.co.kr
Bid closing date
10:00hrs July 27, 2020, (Korean Standard Time).
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Saturday, 01 August 20
SHIP SHAPE - OUCH: FIS
Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you ...
Saturday, 01 August 20
ASIA HOPE FOR LONG-TERM OIL DEMAND - BALTIC BRIEFING
Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth over t ...
Friday, 31 July 20
SHORT-TERM IMPACT ON THE CHEMICAL SHIPPING MARKET IF THE INDIA-CHINA DISPUTE ESCALATES - DREWRY
Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Meanwhile, we expect freight ...
Friday, 31 July 20
PANAMAX: THE PERIOD MARKET REMAINS QUIET WITH FEW FIXTURES REPORTED - FEARNLEYS
Capesize
After weeks of dropping rates, there are finally some resistance for the Capes. Pacific rounds improving to upper15,000s by the middle ...
Friday, 31 July 20
PANDEMIC SENDING SOUTH AFRICAN COAL INDUSTRY TO EARLIER GRAVE - IEEFA
Could South Africa’s coal export industry, one of the largest in the world, be about to take a severe hit from the coronavirus?
...
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