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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
komipoCOALspot.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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