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Thursday, 23 July 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 1.36 MILLION TONS OF BITUMINOUS COAL FOR OCTOBER 2020 LOADING
KOMIPOCOALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 1,360,000 MT of  Bituminous Coal to be used at Korean Genco’s Power Plants.
 
According to the bid notice No. Bid Notice No. K.Gencos-COAL-2020-JT-06~07  [High & Low Calorific Value Coal] terms and conditions, the bidders are required offer One single fixed FOBT price basis.
 
Total Quantity
1,360,000 (±10%) (5 Panamaxes & 7 Capes)
 
Shipping Schedule
JT06  HCV Coal
Min. 5,700kcal/kg (TS: 0.8% Max) (7 Cape) +/- 10% Shipping Tolerance
 
JT07 LCV Coal
4,300 - 4,999 kcal/kg (TS: 0.8% Max) (5 Panamaxes) *Single Mine Only
 
[JT06]  Shipments
Australian & Canadian Port: October, 2020 : 6 shipments
Other Port: In this case, Gencos can designate the month of shipments. 
 
[JT07] Shipments
Indonesian Port: October, 2020 : 5 shipments
Other Port : In this case, Gencos can designate the month of shipments.
 
Origin
[JT06] Russian, Indonesian, Chinese coal are not allowed to participate
[JT07] Russian, Chinese coal are not allowed to participate
The coal to be delivered shall be entirely supplied from a single mine.
 
Price Basis
One single fixed price (USD) based on FOBT 
 
Quality
[JT06]  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
 
[JT07] LCV : 4,300 - 4,999 kcal/kg & TS: 0.8% Max
Total Moisture (arb) : Max. 28
Volatile Matter  (adb) : 22-45%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.8%
Net Calorific Value  (arb) : Min 4,300  Max 4,999 Kcal/kg
 
Payment Terms
Telegraphic Transfer(T/T) payment basis only
 
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 below not later than the deadline. E-mail : mh.lee @ komipo.co.kr and mhsong @ komipo.co.kr
 
Bid closing date
10:00 hrs on Thursday 30 July, 2020 (Korean Standard Time).


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