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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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Monday, 29 June 20
ULTRAMAX: A 58,000 FIXING DELIVERY SINGAPORE TRIP, VIA EAST COAST INDIA, REDELIVERY CHINA IN THE LOW $12,000S - BALTIC BRIEFING
Capesize
As the halfway mark of 2020 arrives, the capesize market is making new highs for the year. From persistent lows earlier caused by a ba ...
Saturday, 27 June 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Friday, 26 June 20
WHAT TODAY'S BAILOUTS CAN DO FOR TOMORROW'S ECONOMIES - WORLD ECONOMIC FORUM
The COVID-19 crisis provides an opportunity for governments to build fairer, more sustainable and more resilient economies.
Governments a ...
Thursday, 25 June 20
ALL YOU WANT TO KNOW ABOUT COAL MINE AUCTIONS - THE HINDU BUSINESS LINE
Last week, Prime Minister Narendra Modi threw open the auction of 41 coal blocks for commercial mining. The decision, which was part of the announc ...
Wednesday, 24 June 20
MARKET INSIGHT - INTERMODAL
The World Bank estimates that the global economy will fall by 5.2% this year, underlining that the Covid-19 pandemic has had rapid and massive cons ...
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