COAL TENDER: KOWEPO-COAL-2017-LT-04 / 05

Monday, November 27 2017 - 01:34 AM WIB

INVITATION TO BID
for Steaming Coal Supply Contract(for TAEAN Power Plant)

1. Bid no. : KOWEPO-COAL-2017-LT-04 / 05

2. Material and quantity to be procured
(1) Material : (Sub)Bituminous steam coal
(2) Quantity and shipping schedule

No  Spec (NCV) Quantity Contract Period Price
LT-04 (Spec.A) Min.5,700 kcal/kg 1st year 220,000MT +/-10% (110,000MT +/- 10% ? 2CGOs) 1st year (?18.2 ~ ?18.3) One Single Fixed Price FOBT
2nd year to 5th year 550,000MT +/-10% (110,000MT +/- 10% ? 5CGOs) 2nd year to 5th year (?18.4 ~ ?22.3)
LT-05 (Spec.C) Min.4,600 kcal/kg 1st year 160,000MT +/-10% (80,000MT +/- 10% ? 2CGOs) 1st year (?18.2 ~ ?18.3) One Single Fixed Price FOBT
2nd year to 5th year 400,000MT +/-10% (80,000MT +/- 10% ? 5CGOs) 2nd year to 5th year (?18.4 ~ ?22.3)

- Bidders are requested to offer 220,000MT per 1st year (One cargo each for the period of ?18.2 and ?18.3) on FOBT price basis only for LT-04.
- Bidders are requested to offer 160,000MT per 1st year (One cargo each for the period of ?18.2 and?18.3) on FOBT price basis only for LT-05.
- Russian coal is not allowed .
- Contract Period : 1st year (?18.2 ~ ?18.3) / 2nd year to 5th year (?18.4 ~ ?22.3)
※ The prices for the remaining Contract Years(CY2 ~ CY5) shall be determined by mutual agreement of the both parties.
- The difference between the guaranteed NCV and the limit of range for NCV shall be less than 100kcal/kg (within 100kcal/kg)
- When NCV is greater than 6,100kcal/kg, calorific bonus shall be applied up to 6,100kcal/kg.
- Seller should submit the full set of Ash Analysis(SiO2, Al2O3, Fe2O3, CaO, MgO, SO3, Na2O, K2O, TiO2, P2O5, MnO, SrO).

(3) Shipment Size & Delivery Term :
- LT-04 : Mini-Cape (110,000mt) on FOBT basis only
- LT-05 : Kamsarmax( 80,000mt) on FOBT basis only

(4) Additional quantity supply
On the basis of mutual agreement, additional quantity can be sold and purchased and addendum for the additional tonnage shall be attached to the original contract for long-term contract.

(5) Coal Mine
- (LT-04)
The quality of coal to be delivered shall be homogeneous.
- (LT-05)
Each shipment of coal to be purchased by KOWEPO and delivered by the Bidder shall be entirely supplied from a single mine. Supply of coal for any shipment from more than one mine is not allowed. Upon request by KOWEPO, a Bidder shall provide relevant supporting x-documents including certificates, issued by the relevant authorities of the exporting country, to demonstrate the legal status and current situation of the coal mine from which the coal would be supplied.

If coal to be supplied by the seller is found out to be blended coal from a different kinds of Coal mines or coal specs during any process of delivery (including unloading & using in power plant), the seller shall pay the Buyer liquidated damages for deception in the amount of 30% ? FOBT Price(Base Price) ? Contractual Quantity. Also, Buyer may be giving written notice to Seller terminating the subject Contract without any liability or charge to Buyer.

3. Procurement Method: International Open Bidding

4. Deadline for Bidding: 10:00 AM, November 30, 2017 (KOWEPO server?s KST)

5. Qualification of Bidder
Coal Producers, Marketing Companies owned by coal producers or Trading Companies who have more than 300,000MT direct performance records with power generation companies (or electric power companies) or steel mill companies of Korea, Japan, or Taiwan during the last three (3) years (from the bid closing date), on the condition that they do not have unfaithful coal supply records to the above five companies(excluding the cases where sanctions on tender participation, taken by Korean generation companies, still run), and shall meet the whole requirements of ITB including but not limited to, coal quality specification, shipping schedule, etc., are qualified to participate in the ITB.

6. Any applicant who wants to receive the relevant x-documents should inform us of the company's name and e-mail address via e-mail to daymore1@iwest.co.kr [Myunghun Gong - Deputy General Manager for LT-04] and jei@iwest.co.kr [Eunil Jung - Deputy General Manager for LT-05] or please refer to KOWEPO?s website. (http://www.westernpower.co.kr/new/english/)
Tel) +8241-400-1421/4, Fax) + 8241-400-1407/8

7. The Bid x-documents shall be submitted by designated e-mail below not later than the deadline.
E-mail : bidding@iwest.co.kr

The Bid x-documents which submitted by personal e-mail or a method other than those noted above shall not be accepted.

Korea Western Power Co., Ltd.
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