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Tuesday, 25 May 21
KOREA SOUTHERN POWER INVITED BIDS FOR 870,000 MT OF MIN 5300 NCV COAL FOR 2021 TO 2023.
 COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 870,000 MT of Min 5,300 kcal/kg NCV coal for August, 2021 to September, 2023 loading.
According to the Bid Notice No. KOSPO-COAL-2021-ELT05 terms and conditions, the bidders are required offer 2 Panamax shipment of coal for August & September 2021.
Quantity
190,000 MT per year
Shipment Size
2 X 145,000 MT (Panamax).
*Cape : Bidders are requested to offer at least 290,000MT (145,000MT per Month) in lots of 133,000MT (for shipment from Newcastle, Australia) or 145,000MT (for shipment from any port except Newcastle) on FOBT basis.. If Coal to be offered is loaded at the port which does not receive Cape, Panamax size, bidders are allowed to offer Handymax or Supramax with CFR Price.
The final purchasing unit quantity can be changed as per buyer’s request.
Loading Schedule
1st year - (August, 2021 ~ September, 2021)
2nd year - (October, 2021 ~ September, 2022)
3rd year - (October, 2022 ~ September, 2023)
Price
One single & Fixed price (USD) based on FOBT Guaranteed NCV
Payment Terms
KOSPO shall determine the payment from either Letter of Credit (L/C) or Telegraphic Transfer (T/T) payment basis and notify it to seller.
Quality
Total Moisture (arb) : Max. 28
Volatile Matter (adb) : 22-38%
Ash (adb) : Max. 21%
Total Sulphur (arb) : Max. 0.8%
Net Calorific Value (arb) : Min 5,300 kcal/kg
Procurement Method
International e-tender
Bid closing date
14:00 AM, 27th May, 2021 KST
Last up date : 16:29 GMT+8.00
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Wednesday, 14 April 21
MARKET INSIGHT - INTERMODAL
After a series of months where the dry bulk sector was attracting most of the buying interest, tankers SnP activity spiked in the previous weeks. O ...
Tuesday, 13 April 21
INDONESIAN COAL PRICE REFERENCE IN APRIL UP AGAIN ON FIRM DEMAND
COALspot.com: The Indonesia coal price reference for April 2021 settles at US$ 86.68 per ton FOB vessel.
The Indonesia coal pr ...
Monday, 12 April 21
CHINA'S ECONOMIC RECOVERY PUSHES COAL MINES TO INCREASE YIELD - GLOBAL TIMES
China’s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising ...
Monday, 12 April 21
GLOBAL COAL PRODUCTION EXPECTED TO RISE BY 3.5% IN 2021, SAYS GLOBALDATA
Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions obse ...
Wednesday, 07 April 21
KOMIPO ISSUED A TENDER FOR TOTAL 1,560,000 METRIC TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for total 1,560,000 Metric Tons of Bituminous coal for i ...
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