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Wednesday, 01 September 21
KOMIPO TO BUY 1.56 MILLION TONS OF 5600 NAR COAL OF AUSTRALIA OR SOUTH AFRICAN ORIGIN FOR 2022 - 2024
KOMIPOCOALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of  Bituminous Coal to be used at Boryeong & Shin Boryeong Power Plants for three years.
 
According to the bid notice no.: KOMIPO-Bid Notice-2021-LT06 terms and conditions, the bidders are required offer One single fixed FOBT price basis.
 
Total Quantity
520,000mt per year (130,000mt x 4 Capesize)
 
Shipments 
Min. 5,600kcal/kg (TS: 0.8% Max) (4 Cape) +/- 10% Shipping Tolerance
 
Shipping Schedule (Loading Basis)
For Australia and South Africa
[CY1] 1st : January, 2022; 2nd : February, 2022, 2021; 3rd~4th : Q1, 2022 ~ Q4, 2022
[CY2~CY3] Q1, 2023 ~ Q4, 2024 Evenly spread
 
Origin
Australia and South Africa
 
Price Basis
One single fixed price (USD) based on FOBT 
 
Quality
Total Moisture (arb) : Max. 15
Volatile Matter  (adb) : 22-38%
Ash (adb) : Max. 18%
Total Sulphur (arb) : Max. 0.6%
Net Calorific Value  (arb) : Min 5,600 kcal/kg
 
Payment Terms
Telegraphic Transfer(T/T) payment basis only
 
Restrictions
New bidders are not allowed to attend this tender
The shipment size must be at least 130,000MT, with a gearless vessel. In case of bidding the port of Newcastle as a loading port, the quantity can be adjusted
 
Procurement Method
International e-tender
 
Bid closing date
10:00 Hrs on September 6, 2021 (Korean Standard Time)


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Recent News

Friday, 20 August 21
ARE WE LOOKING AT THE NEXT DRY BULK SUPER CYCLE? IS IT EVEN A CYCLE? - BIMCO
Throughout the first half of the year, talk of a new dry bulk super cycle has been on many lips as commodity prices have soared to multi-year highs ...


Friday, 20 August 21
BIMCO'S SHIPPING NUMBER OF THE WEEK: CHINESE IRON ORE IMPORTS FALL TO 14-MONTH LOW IN JULY - PETER SAND
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Friday, 20 August 21
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Friday, 20 August 21
CHINA’S IRON ORE IMPORTS CONTRACTED YEAR-ON-YEAR BY 2% IN 2018 AND GREW YEAR-ON-YEAR BY ONLY 1% IN 2019 - COMMODORE RESEARCH
Examining the last ten years of China’s crude steel output and  iron ore imports shows that China’s iron ore imports have stayed r ...


Friday, 13 August 21
INDONESIA’S COAL EXPORTS TO JAPAN DECLINED BY -26.3% YOY TO 11.9 MLN TONNES IN THE FIRST 7 MONTHS OF 2021; STILL THE SECOND LARGEST SOURCE FOR JAPAN’S COAL IMPORTS IS INDONESIA - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade. Total global loadings in the 12 months of 2020 were down -12.7% year-on-yea ...


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