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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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