COALspot.com: Korea Midland Power Co.,Ltd (KOMIPO), on behalf of five Korean Gencos, has issued an international tender for total 1,450,000 MT (±10%) of Bituminous Coal for June & July 2020 loading to be used at Korean Genco’s Power Plants.
According to the bid notice No. Bid Notice No. K.Genco-COAL-2020-JT-02 ~ 03 [High & Low Calorific Value Coal] terms and conditions, the bidders are required offer One single fixed FOBT price basis.
Total Quantity
1,450,000 (±10%) (10 Panamaxes & 7 Capes)
Shipping Schedule
JT02 HCV 955,000 MT (7 Cape) +/- 10% Shipping Tolerance
[Australian & Canadian Port] June, 2020 : 3 shipments & July, 2020 : 4 shipments
[Other Port] In this case, Gencos can designate the month of shipments.
JT 03 LCV: 795,000 MT (10 Panamax) +/- 10% Shipping Tolerance
[Indonesian Port] June, 2020 : 5 shipments & July, 2020 : 5 shipments
[Other Port] In this case, Gencos can designate the month of shipments.
Price Basis
One single fixed price (USD) based on FOBT
Quality
JT02 HCV : Min. 5,600kcal/kg & TS: 0.8% Max
JT 03 LCV: 4,300 ~ 4,999 kcal/kg & TS: 0.8% Max
JT02 HCV : Min. 5,600 kcal/kg & TS: 0.8% Max
Total Moisture (arb) : Max. 15
Volatile Matter (adb) : 22-38%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.8%
Net Calorific Value (arb) : Min 5,600kcal
JT 03 LCV : 4,300 ~ 4,999 kcal/kg & TS: 0.8% Max
Total Moisture (arb) : Max. 28
Volatile Matter (adb) : 22-45%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.8%
Net Calorific Value (arb) : Min 4,300 Max 4,999
Restrictions
JT02 HCV : Russian, Indonesian, Chinese coal are not allowed to participate
JT 03 LCV : Chinese coal are not allowed to participate
JT 03 LCV : Coal Mine companies who own a single mine are only allowed to participate
JT02 HCV & JT 03 LCV : New bidders are not allowed to attend this tender
KOEN
JT02 HCV : June, 150k MT & July, 150k MT
JT 03 LCV : June, 80k MT & July, 160k MT
KOSPO
JT02 HCV: July, 145k MT
JT 03 LCV: June, 160k MT & July, 80k MT
EWP
JT02 HCV: June, 140k MT
JT 03 LCV: July, 75k MT
KOWEPO
JT02 HCV: July, 110k MT
JT 03 LCV: June & July, 80k MT
KOMIPO
JT02 HCV: June & July 130k MT
JT 03 LCV: June 80k MT
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 : mh.lee at komipo.co.kr and tulip777 at komipo.co.kr
Bid closing date
10:00hrs March 30, 2020, (Korean Standard Time).
