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Thursday, 24 September 20
KOREA MIDLAND POWER TO BUY 1.92 MILLION TONS OF 4,300-4,700 NCV COAL FOR THREE YEARS
KOMIPOCOALspot.com: Korea Midland Power Co. Ltd, has issued an International tender for 640,000 MT 4,300-4,700 kcal/kg NCV coal per year. 
 
According to the Bid Notice No. KOMIPO-Bid Notice-2020-LT07 terms and conditions, the bidders are required offer 8 Panamax shipments of coal during November 2020 to Q3 2021.
 
Loading Schedule
1st shipment – November 2020
2nd shipment – December 2020
3 – 8th shipments – Q4,2020 - Q3,2021
CY2~CY3 - Q4,2021~Q3,2023 (Evenly spread_
Bidders should propose Two (1st and 2nd) shipment for CY1(2020) Shipment at one single fixed price
The shipment size must be at least 80,000MT, with a gearless vessel.
 
Price 
One single fixed FOBT Price 
 
Payment Terms 
Telegraphic Transfer(T/T) payment basis only.
 
Quality
Total Moisture (arb) : Max. 28
Volatile Matter  (adb) : 22-45%
Ash (adb) : Max. 10%
Total Sulphur (arb) : Max. 0.2%
Net Calorific Value  (arb) : Min 4,300 - Max 4,700 kcal/kg
 
Restriction
New bidders are not allowed to attend this tender
 
Procurement Method
International e-tender
 
Bid closing date
10:00 AM, September 29, 2020 KST


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