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Saturday, 25 April 20
KOREA SOUTH-EAST POWER CO. INVITED BIDS FOR 780K - 900K MT OF 5600 NCV COAL FOR JULY TO OCTOBER 2020 LOADING
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 780,000~900,000 Metric Tons (MT) steam coal for the 1st contract year for Samcheonpo, Yeongheung, Yeosu Thermal Power Plant.
According to the bid notice no. KOEN-Coal-2020-LT08 terms and conditions, the bidders are required offer 780,000 - 900,000 Metric Tons of Min.5,600 NCV high calorific value coal for the 1st contract year.
Shipment Size
Cape size
Price
One single Origin & Fixed price (USD) based on FOBT CY1
The price for the remaining Contract Years (CY2 & CY3) shall be determined by mutual agreement of the both parties.
Loading Schedule
-CY1 : July - September, 2020 (Countries less than 30 voyage days from Korea) or August - October, 2020 (Countries more than 30 voyage days from Korea) *One way voyage basis
-CY2 : October 2020 - September 2021 (Evenly Spread)
-CY3 : October 2021 - September 2022 (Evenly Spread)
- Bidders are requested to offer with only 3 Cape (1cape per Month) shipments on FOB basis. (Bidders who offer more or less than 3 capes shall be disqualified.).
Coal Quality
Total Moisture (arb) : Max. 28
Volatile Matter (adb) : 22-38%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.8%
Net Calorific Value (arb) : Min 5,600 kcal/kg
Restrictions
- Not allowed from East Russia
- South African coal would be Max 3 Cape (1 Cape/month)
Successful Bidders
The successful bidders* except Russian origin shall be increased contract volume from CY2 to CY3 up to 150% the quantity offered for CY1. Successful bidder means the supplier who didn’t over 60 penalty score by coal supply performance evaluation on the supply record of CY1.
Procurement Method
International e-tender
Bid closing date
10:30 A.M., 28th of April, 2020 (Korean Standard Time).. Submission time of bid documents shall be decided only according to the arrival time at Buyer's server system.
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Thursday, 07 May 20
CRUDE OIL TANKER EARNINGS DROP 68% IN NINE DAYS - BIMCO
Crude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China d ...
Thursday, 07 May 20
UKRAINE PRODUCES 2.5 MLN TONNES OF COAL IN APRIL - UKRINFORM
Ukraine produced 2.5 million tonnes of coal in April 2020, which is 39% less than planned, according to the Coal Miners Union of Ukraine.
  ...
Thursday, 07 May 20
INDIA: GOVT TO DO AWAY WITH MANDATORY WASHING OF COAL FOR THERMAL POWER UNITS - BUSINESS STANDARD
The Centre is planning to do away with the mandatory requirement of washing of coal before it is transported to thermal power stations. The Ministr ...
Thursday, 07 May 20
CIL'S SUPPLY TO POWER SECTOR FALLS IN MARCH AMID SLUMP IN COAL DEMAND - PTI
The supply of coal to the power sector by state-owned CIL registered a decline of eight per cent to 42.30 million tonne in March in the wake of slu ...
Thursday, 07 May 20
COAL PRICE REFERENCE FALL SHARPLY IN MAY 2020 DUE TO CORONAVIRUS OUTBREAK
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
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- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
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