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Sunday, 10 January 21
KOREAN GENCOS INVITED BIDS FOR TOTAL 880,000 TONS OF COAL FOR MARCH 2021 LOADING
KOENCOALspot.com: Korea South-East Power Co., Ltd. (KOEN),  on behalf of EWP, KOSPO, KOSEP and KOWEPO issued an international tender for total 880,000 MT of Coal to be used at Korean Genco’s Power Plants.
 
According to the bid notice No. Bid Notice No. K.Genco-COAL-2021-JT01~JT02 terms and conditions, the bidders are required offer One single fixed FOBT price basis.
 
Total Quantity
880,000 (±10%) (3 Panamaxes & 5 Capes)
 
Shipping Schedule
JT01  HCV Coal
Min. 5,600kcal/kg (TS: 0.6% Max) 645,000 MT (5 Cape) +/- 10% Shipping Tolerance
 
JT02 LCV Coal
Min. 4,400 - 4,999 kcal/kg (TS: 0.5% Max) 235,000 MT (3 Panamaxes) 


Delivery Period (In Loading port)
March 2021
 
Origin
[JT01] Austrailian Coal Only
[JT02] Not allowed from East Russia
 
Price Basis
One single fixed price (USD) based on FOBT 
 
Quality
[JT01]  HCV : Min 5,700 kcal/kg & TS: 0.8% Max
Total Moisture (arb) : Max. 28
Volatile Matter  (adb) : 22-38%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.6%
Net Calorific Value  (arb) : Min 5,600 kcal/kg
 
[JT02] LCV : 4,400 - 4,999 kcal/kg & TS: 0.8% Max
Total Moisture (arb) : Max. 45
Volatile Matter  (adb) : Min 22%
Ash (adb) : Max. 10%
Total Sulphur (arb) : Max. 0.5%
Net Calorific Value  (arb) : Min 4,400  Max 4,999 Kcal/kg
 
Payment Terms
Telegraphic Transfer(T/T) payment basis only
 
Procurement Method
International e-tender
 
Bid closing date
10:30 hrs on 14th of January, 2021 (Korean Standard Time).


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