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Wednesday, 01 September 21
KOMIPO TO BUY 1.56 MILLION TONS OF 5600 NAR COAL OF AUSTRALIA OR SOUTH AFRICAN ORIGIN FOR 2022 - 2024
KOMIPOCOALspot.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-LT06 terms and conditions, the bidders are required offer One single fixed FOBT price basis.
 
Total Quantity
520,000mt per year (130,000mt x 4 Capesize)
 
Shipments 
Min. 5,600kcal/kg (TS: 0.8% Max) (4 Cape) +/- 10% Shipping Tolerance
 
Shipping Schedule (Loading Basis)
For Australia and South Africa
[CY1] 1st : January, 2022; 2nd : February, 2022, 2021; 3rd~4th : Q1, 2022 ~ Q4, 2022
[CY2~CY3] Q1, 2023 ~ Q4, 2024 Evenly spread
 
Origin
Australia and South Africa
 
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. 0.6%
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
The shipment size must be at least 130,000MT, with a gearless vessel. In case of bidding the port of Newcastle as a loading port, the quantity can be adjusted
 
Procurement Method
International e-tender
 
Bid closing date
10:00 Hrs on September 6, 2021 (Korean Standard Time)


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Recent News

Friday, 20 August 21
ARE WE LOOKING AT THE NEXT DRY BULK SUPER CYCLE? IS IT EVEN A CYCLE? - BIMCO
Throughout the first half of the year, talk of a new dry bulk super cycle has been on many lips as commodity prices have soared to multi-year highs ...


Friday, 20 August 21
BIMCO'S SHIPPING NUMBER OF THE WEEK: CHINESE IRON ORE IMPORTS FALL TO 14-MONTH LOW IN JULY - PETER SAND
Chinese iron ore imports fell to 88.5 million tonnes in July, the lowest level since May 2020. The fall in July means that accumulated imports are ...


Friday, 20 August 21
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Friday, 20 August 21
CHINA’S IRON ORE IMPORTS CONTRACTED YEAR-ON-YEAR BY 2% IN 2018 AND GREW YEAR-ON-YEAR BY ONLY 1% IN 2019 - COMMODORE RESEARCH
Examining the last ten years of China’s crude steel output and  iron ore imports shows that China’s iron ore imports have stayed r ...


Friday, 13 August 21
INDONESIA’S COAL EXPORTS TO JAPAN DECLINED BY -26.3% YOY TO 11.9 MLN TONNES IN THE FIRST 7 MONTHS OF 2021; STILL THE SECOND LARGEST SOURCE FOR JAPAN’S COAL IMPORTS IS INDONESIA - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade. Total global loadings in the 12 months of 2020 were down -12.7% year-on-yea ...


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