JSW Steel Global Trade Pte Ltd Goonyella C/Caval Ridge coking coal tender on June 30 through Platts

JSW Steel Global Trade Pte Ltd intends to issue on June 30 an open expression of selling interest for a cargo of Australian premium mid volatile matter (PMV) coking coal, Goonyella C/Caval Ridge coking coal.

The tender will be facilitated by Platts, part of S&P Global Commodity Insights, metallurgical coal Market on Close price assessment process, with firm bids for full cargo to be published as headlines on fixed page 0700 of the real-time Platts Steel and Raw Materials Alert, and communicated to Platts' market-wide list of coking coal contacts via email.

JSW Steel Global Trade Pte Ltd intends to offer a cargo of 75,000 mt (plus/minus 10%) of Goonyella C/Caval Ridge coking coal at seller's option, for July 15-24 laycan. Load port will be Hay Point/DBCT/NQXT at seller's option. Payment terms will be L/C of 115% of cargo value issued and received by the seller's bank by 11th July 2022. Other terms as per usual terms and conditions.

Platts will publish a first intraday value at 2pm Singapore time, reflecting information available to Platts prior to that point to reflect the tradeable value at that time. A second intraday value will be published at 4:15pm Singapore time as usual, to reflect the tradeable value at that time. This together with other information received before 5:30 pm (SGT) will be considered for the day's final assessment.

Platts will publish firm bids received from the market latest by 3:15 pm Singapore time (0715 GMT). Subsequently, only price changes can be made until 4 pm. Bids are to be communicated to Platts through existing communication channels.

Only bids that are for full quantity (75,000mt plus/minus 10% shipping tolerance) and for fixed price will be considered. Platts will not publish bids for partial quantity, or bids that are index-linked or that combine index-linked and fixed-price components.

Companies must provide the following details when submitting their bids to Platts for publication:

Full Company (entity) Name:

Bid Price: $xxx/mt FOB Australia for Goonyella C/Caval Ridge Coking Coal

Bids will be published as "Buyer 1", "Buyer 2", and so on. Any final awards will be made transparently, with the name of the successful buyer(s) to be confirmed and published.

Published bids may be updated at a maximum increment of $2/mt and a minimum increment of $1/mt per 5 minutes from 3:15 pm until 4 pm Singapore time (0800 GMT), after which no further changes will be published.

Bids may be submitted via email PL_CokingCoal@spglobal.com, or by instant messaging via Whatsapp, Wechat or other channels. Platts editorial team would be reachable at +65 9029 0631. Bids will be published in the following format: JSW STEEL GLOBAL TRADE PTE LTD GOONYELLA C/CAVAL RIDGE COKING COAL TENDER: Buyer 1 bids xxx/mt FOB Australia for Goonyella C/Caval Ridge Coking Coal, laycan 15-24 July, 75kt on Panamax.

Final bids standing at 4 pm will have validity until 5:30 pm Singapore time (0930 GMT) on the day of tender.

For further details, contact PL_CokingCoal@spglobal.com and pricegroup@spglobal.com. For any enquiries related to JSW Steel Global Trade Pte Ltd, contact Virendra Chauhan virendra.chauhan@jsw.in, Ankit Kumar ankit.kumar@jswinternational.com or Vishal Maheshwari vishal.maheshwari@jswinternational.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.

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Tender details:

Seller: JSW Steel Global Trade Pte Ltd

Buyer: Best bidder, subject to JSW Steel Global final approval

Quality: Goonyella C/Caval Ridge Coking Coal (Seller's Option)

Exact Brand to be declared 14 days prior to first day of loading laycan.

Laycan: 15 – 24 July 2022

Quantity: 75,000 mt +/- 10% shipping tolerance

Load port: Hay Point / DBCT / NQXT in Seller's option

Seller shall advise final Delivery Point on the later of Vessel acceptance or opening of an L/C for the Shipment acceptable to Seller at its discretion.

Payment terms: L/C of 115% of cargo value issued and received by the seller's bank fully in accordance latest by 11th July 2022.

Other terms as per usual terms and conditions of Seller.

Award: Award will be decided and finalized by JSW Steel Global Trade Pte Ltd. For queries on the tender, please contact virendra.chauhan@jsw.in or ankit.kumar@jswinternational.com or vishal.maheshwari@jswinternational.com in suitable time prior to the closing.