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Friday, 27 September 13
TAIWAN'S FORMOSA TO IMPORT 140K MT OF BITUMINOUS COAL FOR Q4


COALspot.com : Taiwan's Formosa Plastics Group is inviting bids for 140,000 mt of bituminous coal for delivery in the Q4 for its China plant.

According to Formosa’s Inquiry Notice COAL 2013090,  the company is seeking 2 Panamax sized cargo or 4 supra max size cargo for delivery between 1st October to 31st December 2013.

Bidders are requested to offer one single price for up to a total tendering quantity in lots of 35,000MT(+/- 10% shipping tolerance) or 65,000MT(+/-10% shipping tolerance). However Formosa  restricted the size of vessel to 73,000 DWT and price should be on FOB Port of Loading basis and CFR Port of Discharging (Houshi Port, Zhangzhou, China) basis.

Formosa is looking for the coal with gross calorific value not lesser than 5,850 kcal/kg on as received basis or minimum 5,500 kcal/kg on net calorific value basis, total moisture 18% max on as received basis, Ash Content max 22% on air dried basis and total sulphur not more than 1% on air dried basis.

Bidders are required to submit the bids on or before 8 October 2013 23:59 hrs (Taipei Time).



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