KOSEP opens tender for 540,000 tons of bituminous coal
Wednesday, June 13 2007 - 05:45 AM WIB
INVITATION TO BID
For Steaming Coal Supply
KOSEP is inviting a bid for the supply of coal from qualified suppliers on ITB (Ref. Attached file) and invites your company to submit a bid to supply coal for Samcheonpo and Youngheung Power Plants as follows,
1. Bid No. : KOSEP-Coal-2007-SP03
2. Quantity: 540,000MT
- Bidders can bid up to 540,000 Metric Tons by lots of 60,000MT on both FOBT and CFR basis. (The minimum quantity of bidding is 60,000MT)
3. Shipping Schedule (Loading port): August 16, 2007 ~ November 15, 2007
4. Procurement Method: International Bidding
5. Qualification: Coal Producers, Marketing companies or traders who shall meet whole requirements of ITB.
6. Coal Specification: Bituminous coal spec. for KOSEP (Min. 5,350kcal/kg NAR)
7. Payment Terms
a. KOSEP shall determine the payment from either Banker’s Usance Letter of Credit (L/C) or Telegraphic Transfer (T/T) payment basis and notify it to seller.
b. In case L/C is opened, “Determination of Coal Quality” clause shall be inserted to the special conditions of L/C.
8. Terms and conditions for a new Bidder
A. Definition
a. A new Bidder means the bidder who does not have any coal supply record to five generation companies of KOSEP, KOMIPO, KOWEPO, KOSPO, KEWESPO and Taiwan Power, J-Power in recent three year, and the Bidder who has unfaithful records to the above five companies.
B. Evaluation
a. Evaluation of the bid shall be performed only on the CFR basis. The supplier, however, should offer price on both FOBT and CFR basis.
C. Coal Sample
a. After receipt of Award Notice from KOSEP, the new Bidders have to send one coal sample (above 2kg) taken by an inspection agency to a power plant designated by KOSEP.
D. Determination of Coal Quality
a. Coal quality analysis at the loading port shall be provisional, and should be done by an independent inspection agency who is approved with a written letter by KOSEP.
b. Coal quality analysis at the unloading port by International Agency (Interttek Caleb Brett-KIMSCO
c. The costs required for the determination of the quantity and quality certification at the loading port and unloading port shall be borne by the Seller.
d. KOSEP has the right to perform additional quality surveillance to the coal mine and the shipping process. In such event, the Seller shall cooperate with such attendance and observation. The costs required to perform additional quality surveillance shall be borne by KOSEP.
E. Bid Bond and Performance Bond
a. A new Bidder has to provide Bid Bond and Performance Bond according to Bidding Instructions’ Clause 2 and 5 in ITB respectively.
9. Bid closing date: 3:00 P.M. on Thursday, June 21, 2007. (Korean Standard Time)
10. Bid forms should be forwarded to
Mr. Yong-Jae Lee
Senior Manager, Fuel Team, Business Management Department
Korea South East Power Co. Ltd
169 Daehwa B/D 4F, Samsung-dong, Gangnam-gu,
Any queries on this Bid are welcomed to contact
Hun-soo, Hwang / Manager
Fuel Team, KOSEP
Tel) 82-2-3456-7173, Fax) 82-2-3456-7179
E-mail : hhs97@kosep.co.kr (http://www.kosep.co.kr/eng)
June 8, 2007
Korea South East Power Co. Ltd.