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Thursday, 01 November 12
KOMIPO LOOKING FOR 440,000 MT OF 4600 KCAL/KG NAR COAL FOR BORYEONG POWER PLANT
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids from coal producers, marketing companies or traders to supply of 440,000 Metric tons of minimum 5700 kcal/kg coal of NAR bases for its Boryeong Power.
According to tender terms, KOMIPO invited price for five 70,000 MT shipments and one 90,000 MT shipments under this tender. The whole shipments to be supplied within February 2013, starting from January 2013. (5 cargoes (including 90,000MT cargo) in January, 2013 and one cargo in February, 2013).
Bidders whose track record of supply to 5 (five) generation subsidiaries of KEPCO, Tai-power and Japanese Power Utilities including J-Power in total for the past 3 years do not amount to 150,000MT can offer only one cargo based on FOBT. However, the Bidders who have no track record of supply to 5 (five) generation subsidiaries of KEPCO, Tai-power, FPG and Japanese Power Utilities including J-Power for the past 3 years (“New Bidder”) cannot participate in this bid.
Price shall be on only FOBT and KOMIPO reserves the right to award the contract on a FOB basis subject to its evaluation. Bidders are requested to offer with quotation in a single fixed price up to feasible amount of coal in lots of 70,000MT(+/-10%) or 130,000MT(+/-10%), the tender document said.
Bidder also requested to guarantee, each shipment of coal to be supplied shall be entirely supplied from a single mine. Supply of coal for any shipment from more than 1 (one) mine is not allowed.
Quality Specifications (based on ASTM standards)
Total Moisture (TM) 25 % max, Volatile Matter (adb) 45% max, Ash (adb) 17% max, Total Sulfur (adb) 1% max, calorific value (NCV) Min 5,700 kcal/kg min.
The Bid documents are requested to be submitted not later than 14:00hrs on November 6, 2012 (Korean Standard Time)
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Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
“ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which ...
Sunday, 30 September 12
SUB-BIT INDONESIA COAL SWAPS: MIXED TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 0.73 percent w-o-w but gained 0.41 percent d-o-d on Friday, 28 Se ...
Sunday, 30 September 12
INDONESIA HAS NO PLAN TO CAP COAL PRODUCTION
COALspot.com - “The current low coal prices were mainly due to a global oversupply condition, spurred by numerous mining exploitations in the ...
Sunday, 30 September 12
FREIGHT MARKET UNDER PRESSURE; OVERALL SENTIMENTS ARE STILL BEARISH
COALspot.com - The freight market seemed to have lost steam and all indices were down except for cape index.
The BDI was slightly down by 6 point ...
Friday, 28 September 12
DRY BULK SECOND HAND VESSELS ON HIGH DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the demise of the dry bulk market and the collapse of freight rates since the beginning of 2012, on the back of record breaking newbuilding ...
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