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Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT


COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.

According to KOWEPO’s web site, the requirement and terms and conditions of tender is as follows:

Quality:

Spec  1 - NCV min. 5,350 kcal/kg, 370,000MT Delivery late March ~ May 2010 - any origin except Indonesia
Spec  2 - NCV min. 5,350 kcal/kg, 450,000MT Delivery April ~ June 2010 - any origin
Spec  3 - NCV min. 4,600 kcal/kg, 300,000MT Delivery April ~ June 2010 - any origin

Shipping & Price Term - Vessel shall be arranged by the supplier on the CFR basis, nevertheless,  bidding price shall be quoted both on FOBT and CFR basis.(Price offered either FOBT or CFR only will be disqualified). Coal quality analysis at the Unloading port by International Independent Inspection Agency (SGS or ITS) shall be final.

Payment Term : Telegraphic Transfer (T/T) Basis In case Letter of Credit(L/C) is opened, above “Determination of Coal Quality” clause shall be inserted to the special conditions of L/C.

Bid Bond : Five 5% of total tender price would be bid bond and ten percent (10%) of the price amount of each shipment would be performance bond. Bid bond and performance bond are applicable only for new bidders.

Deadline for Bidding : 15:00 on January 27, 2010 (Korean Standard Time).
(cs)



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