JSW Steel Global Trade Pte Ltd Goonyella C and Goonyella C/Caval Ridge Coking Coal tender July 26 through Platts

JSW Steel Global Trade Pte Ltd intends to issue on July 26 an open expression of selling interest for a combi cargo of Australian premium mid volatile matter (PMV) coking coal, Goonyella C and 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 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 combi cargo of 45,000 mt (plus/minus 10%) of Goonyella C and 35,000 mt (plus/minus 10%) of Goonyella C/Caval Ridge Coking Coal at seller's option, for Aug. 22-31 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 fully in accordance seven working days before first day of loading laycan. Other terms as per usual terms and conditions.

Platts will publish a first intraday value at 2 pm 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 Singapore time will be considered for the day's final assessment.

In addition, JSW Steel Global Trade Pte Ltd will specify a floor price following the first intraday value at 2 pm Singapore time on July 26. Only bids above that price level will be considered and published.

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 (80,000 mt plus/minus 10% shipping tolerance) and 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 and $xxx/mt FOB Australia for Goonyella C/Caval Ridge

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 US$2/mt and a minimum increment of US$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 8498 4720. Bids will be published in the following format: JSW STEEL GLOBAL TRADE PTE LTD GOONYELLA C AND GOONYELLA C/CAVAL RIDGE TENDER: Buyer 1 bids $xxx/mt FOB Australia for Goonyella C and $xxx/mt FOB Australia for Goonyella C/Caval Ridge, laycan 22-31 Aug, 80kt 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 at virendra.chauhan@jsw.in or Vishal Maheshwari at 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 Trade Pte Ltd final approval

Quality: 45,000 mt of Goonyella C + 35,000mt of Goonyella C/Caval Ridge in Seller's Option

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

Laycan: Aug. 22-31, 2022

Quantity: 80,000 mt (plus/minus 10% with below split)

45,000 mt of Goonyella C and 35,000 mt of Goonyella C/Caval Ridge

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 7 working days before first day of loading laycan.

Floor Price: To be released by Platts in consultation with Seller on the day of tender following the first intraday value at 2 pm Singapore time on July 26.

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 vishal.maheshwari@jswinternational.com in suitable time prior to the closing.