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Monday, 20 July 20
KOREA MIDLAND POWER INVITED BIDS FOR TOTAL 2.520 MILLION MT OF BITUMINOUS COAL FOR THREE YEARS
komipoCOALspot.com: Korea Midland Power Co., Ltd (KOMIPO), has issued an international tender for total 840,000 of  Bituminous Coal to be used at Boryeong & Shin Boryeong Power Plants.
 
According to the bid notice No. Bid Notice No. KOMIPO-Bid Notice-2020-LT05~06 [High & Low Calorific Value Coal] terms and conditions, the bidders are required offer One single fixed FOBT price basis.
 
Total Quantity
840,000 (±10%) (4 Panamaxes & 4 Capes)
 
Shipping Schedule
LT05 HCV Coal
Min. 5,700 kcal/kg  (4 Cape) +/- 10% Shipping Tolerance

[CY1]
1st shipment : Sep, 2020
2nd shipment: Oct, 2020
3rd & 4th shipments: Q4,2020-Q2,2021
 
[CY2]
Q3,2021~Q2,2022 Evenly spread
 
[CY3]
Q3,2022~Q2,2023 Evenly spread
 
[LT06] LCV Coal (Single Mine Only)
4,600~4,999 kcal/kg - (4 Panamaxes * 80,000 MT) +/- 10% Shipping Tolerance 
 
[CY1]
1st shipment : Sep, 2020
2nd shipment : Oct, 2020
3rd & 4th shipments : Q4,2020~Q2,2021
 
[CY2]
Q3,2021~Q2,2022 Evenly spread
 
[CY3]
Q3,2022~Q2,2023 Evenly spread
 
Price Basis
One single fixed price (USD) based on FOBT 
 
Quality
LT05 HCV : Min 5,700 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 5,700 kcal/kg
 
LT06 LCV : 4,600 - 4,999 kcal/kg & TS: 0.5% Max
Total Moisture (arb) : Max. 28
Volatile Matter  (adb) : 22-45%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.5%
Net Calorific Value  (arb) : Min 4,600  Max 4,999 Kcal/kg
 
Restrictions
New bidders are not allowed to attend this tender
 
Procurement Method
International e-tender
 
Submission of Bid Documents
The Bid Documents shall be submitted by designated e-mail not later than the deadline. E-mail : mh.lee @ komipo.co.kr and tulip777 @ komipo.co.kr
 
Bid closing date
10:00hrs  July 27, 2020, (Korean Standard Time).


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Recent News

Monday, 04 May 20
U.S. ESTIMATED COAL PRODUCTION FALL 39.4% YEAR ON YEAR IN THE WEEK ENDED APRIL 25 - EIA
Estimated U.S. coal production totaled about 8.6 million short tons (MMst) For the week ended April 25, 2020, says EIA in its latest report. E ...


Saturday, 02 May 20
SUPRAMAX: ASIA, STRONGER NUMBERS - A 55.000-DWT WAS FIXED FROM INDONESIA TO CHINA IN THE MID $6,000S - BALTIC BRIEFING
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Friday, 01 May 20
KOSPO INVITED OFFER FOR 5600 NCV COAL FOR Q3 2020 LOADING
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 260,000 Metric Tons (MT) steam coal for Boryeong Power ...


Friday, 01 May 20
GLOBAL COAL DEMAND TO FALL BY ABOUT 8% IN 2020,THE LARGEST DROP SINCE WORLD WAR II - IEA
We expect global coal demand to fall by about 8% in 2020, the largest drop since World War II, with coal use declining in virtually every sector of ...


Friday, 01 May 20
GLOBAL COAL DEMAND TO FALL BY 8% IN Q1 2020 RELATIVE TO Q1 2019 - IEA
We expect global coal demand to fall by 8% in Q1 2020 relative to Q1 2019. This significant drop was driven by lower demand in the electricity sect ...


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