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Thursday, 14 January 21
KOREA MIDLAND POWER INVITED BIDS FOR AUSTRALIAN COAL FOR THREE YEARS SUPPLY
KOMIPOCOALspot.com: Korea Midland Power Co. Ltd, issued an International tender for total 1,560,000 MT of Min.5,700 kcal/kg NCV coal of Australian Origin for three years. According to the Bid Notice No. KOMIPO-Bid Notice-2021-LT01 terms and conditions, the bidders are required offer 4 Cape size shipments of coal per year.
 
Quantity
520,000 MT (4 Cape) +/- 10% Annual Quantity 
The Coal is to be delivered on a fairly evenly spread basis in each Contract Year starting from March 2021 to December 2021 (CY1) and January 2022 to December 2023 (CY2&3).
 
Loading Schedule
CY1 - 1st : March, 2021, 2nd : April, 2021 & 3rd & 4th : Q2 - Q4,2021
CY2 - Q1,2022-Q4,2022 Evenly spread
CY3 - Q1,2023-Q4,2023 Evenly spread
 
Price 
Bidders should propose Two (1st and 2nd)  shipment for CY1(202) at one single  fixed price.
The shipment size must be at least 130,000MT, with a gearless vessel.
 
Payment Terms 
Telegraphic Transfer(T/T) payment basis only.
 
Quality
Total Moisture (arb) : Max. 15
Volatile Matter  (adb) : 22-38%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.7%
Net Calorific Value  (arb) : Min 5,700 kcal/kg
 
Restriction
New bidders are not allowed to attend this tender
Australian coal only 
 
Procurement Method
International e-tender
 
Bid closing date
10:00 AM, January 19, 2021 KST


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