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Tuesday, 25 May 21
KOREA SOUTHERN POWER INVITED BIDS FOR 870,000 MT OF MIN 5300 NCV COAL FOR 2021 TO 2023.
KOSPOCOALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 870,000 MT of Min 5,300 kcal/kg NCV coal for August, 2021 to September, 2023 loading. 
 
According to the Bid Notice No. KOSPO-COAL-2021-ELT05 terms and conditions, the bidders are required offer 2 Panamax shipment  of coal for August & September 2021.
 
Quantity
190,000 MT per year
 
Shipment Size
2 X 145,000 MT (Panamax). 
*Cape : Bidders are requested to offer at least 290,000MT (145,000MT per Month) in lots of 133,000MT (for shipment from Newcastle, Australia) or 145,000MT (for shipment from any port except Newcastle) on FOBT basis.. If Coal to be offered is loaded at the port which does not receive Cape, Panamax size, bidders are allowed to offer Handymax or Supramax with CFR Price.
The final purchasing unit quantity can be changed as per buyer’s request.
 
Loading Schedule
1st year - (August, 2021 ~ September, 2021)
2nd year - (October, 2021 ~ September, 2022)
3rd year - (October, 2022 ~ September, 2023)
 
Price 
One single & Fixed price (USD) based on FOBT Guaranteed NCV
 
Payment Terms 
KOSPO shall determine the payment from either Letter of Credit (L/C) or Telegraphic Transfer (T/T) payment basis and notify it to seller. 
 
Quality
Total Moisture (arb) : Max. 28
Volatile Matter  (adb) : 22-38%
Ash (adb) : Max. 21%
Total Sulphur (arb) : Max. 0.8%
Net Calorific Value  (arb) : Min 5,300 kcal/kg
 
Procurement Method
International e-tender
 
Bid closing date
14:00 AM, 27th May, 2021 KST
Last up date : 16:29 GMT+8.00


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Recent News

Thursday, 27 May 21
KOMIPO INVITED BIDS FOR 1.56 MILLION TONS OF BITUMINOUS COAL
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of  Bituminous Coal to be used a ...


Thursday, 27 May 21
CHINA POWER DEMAND EXCEEDS PRE-COVID-19 LEVELS; THERMAL OUTPUT STRONG - FITCH RATINGS
Rising Consumption: Total power consumption rose by 21.2% yoy to 1,921.9GWh in 1Q21 due to the fast recovery of China’s economy, after a drop ...


Thursday, 27 May 21
CHINA'S POWER DEMAND EXCEEDS PRE-PANDEMIC LEVELS; RENEWABLES TO DRIVE DEVELOPMENT - FITCH RATINGS
China's power consumption exceeded the pre-Covid-19 levels in 1Q21 due to the country's fast economic recovery, with strong output from the ...


Wednesday, 26 May 21
THE INDONESIA COAL PRICE REFERENCE FOR MAY 2021 SETTLES AT US$ 89.74 PER TON
COALspot.com: The Indonesia coal price reference for May 2021 settles at US$ 89.74 per ton FOB vessel.    The Indonesia coal pric ...


Wednesday, 26 May 21
MARKET INSIGHT - INTERMODAL
Last year crude tankers’ newbuilding contracting activity was devastated by the economic effects of the Covid-19 pandemic and the cloud of un ...


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