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Saturday, 05 June 21
KOMIPO INVITED 5600 NAR COAL OFFERS FOR THREE YEARS SUPPLY; 520,000 MT PER YEAR
 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 at Boryeong & Shin Boryeong Power Plants for three years.
According to the bid notice no.: KOMIPO-Bid Notice-2021-LT05 terms and conditions, the bidders are required offer One single fixed FOBT price basis.
Total Quantity
520,000mt per year (130,000mt*4 Capesize)
Shipments
Min. 5,600kcal/kg (TS: 0.8% Max) (4 Cape) +/- 10% Shipping Tolerance
Shipping Schedule (Loading Basis)
For South African, North American, West Russian Coal
[CY1] 1st : August, 2021; 2nd : September, 2021; 3rd~4th : Q4,2021~Q2,2022
[CY2~CY3] Q3,2022~Q2,2024, Evenly spread
For Columbian Coal
[CY1] 1st : July, 2021;2nd : August, 2021; 3rd~4th : Q4,2021~Q2,2022
[CY2~CY3] Q3,2022~Q2,2024, Evenly spread
Origin
South Africa, North America, West Russia or Columbia
Price Basis
One single fixed price (USD) based on FOBT
Quality
Total Moisture (arb) : Max. 15
Volatile Matter (adb) : 22-38%
Ash (adb) : Max. 18%
Total Sulphur (arb) : Max. 0.8%
Net Calorific Value (arb) : Min 5,600 kcal/kg
Payment Terms
Telegraphic Transfer(T/T) payment basis only
Restrictions
New bidders are not allowed to attend this tender
Australian Coal Not Allowed
Procurement Method
International e-tender
Submission of Bid Documents
The Bid Documents shall be submitted by designated e-mail below not later than the deadline. E-mail : jsh3143@komipo.co.kr and tulip777@komipo.co.kr
Bid closing date
10:00 hrs on June 8, 2021 (Korean Standard Time).
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Wednesday, 16 June 21
MARKET INSIGHT - INTERMODAL
“While approaching the second half of the year and summer season is just around the corner, COVID vaccination programs are steadily moving fo ...
Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
A “wintry period”.
That’s what’s expected to happen to Australia’s economy “when” China st ...
Sunday, 13 June 21
COAL AND LNG’S SURGE IN ASIA PLAYS INTO RENEWABLE ENERGY HANDS - REUTERS
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...
Friday, 11 June 21
5 REASONS GLOBAL SHIPPING COSTS WILL CONTINUE TO RISE - ING
No short-term relief
Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surg ...
Friday, 11 June 21
ASIA COAL PRICES SURGE, BUT CHINA-AUSTRALIA DISPUTE MEANS RALLY IS UNEVEN - REUTERS
Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have don ...
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- Indonesian Coal Mining Association
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