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Tuesday, 27 December 11
NEW CLAUSE PUBLISHED FOR SLOW STEAMING - BIMCO
Many owners and operators faced with high bunker prices are considering implementing slow steaming regimes to save fuel and to assist with capacity planning. In the scheduled liner industry, slow steaming and “super” slow steaming has been a common practice for several years. Other sectors of the industry are now looking at the possibility of slow steaming, but are aware of the need for a special provision to incorporate into their charter parties to deal with the legal and technical aspects of this practice. In response to this demand BIMCO has been working over the past year on developing two new standard charter party clauses – one for time charter parties and the other for voyage charters.
The first to be published is the time charter clause which was adopted by BIMCO’s Documentary Committee in November. The Clause has been issued as a Special Circular to Members (No. 7, dated 23 December 2011)
BIMCO has consulted with the major engine designers during the development of the Clause to ensure that the technicalities of slow steaming are properly reflected in its provisions.
The legal aspects of slow steaming under a time charter party primarily relate to the owners’ obligations to follow the charterers’ slow steaming instructions while taking into account the safety of the vessel, crew and cargo and obligations towards third parties, such as holders of bills of lading. All of these issues have been addressed in the Slow Steaming Clause for Time Charter Parties with valuable input provided by lawyers and P&I Club representatives.
A voyage charter party edition of the Clause will follow shortly.
Source: BIMCO / Hellenic Shipping
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Wednesday, 15 February 12
HBA FOR FEB 2012, CLIMBS 2.09 PERCENT AND REACHED US$ 111.58 PER TON
COALspot.com - The Indonesian coal reference price for February climbs 2.09 percent to US$111.58 per ton after losing past three months. ...
Monday, 13 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The current sentiment in the dry market resembles memories from the end of 2008, when the Baltic Dry Index closed at the level of 663 points on Dece ...
Sunday, 12 February 12
INDONESIA HAS ISSUED A REGULATION TO BAN THE EXPORT OF UNPROCESSED MINERALS AND METALS BY 2014
COALspot.com - The Indonesian government has finally issued a ministerial decree (7 Year 2012 dated 6 February 2012) to ban the export of unpro ...
Sunday, 12 February 12
THE BALTIC DRY INDEX CLIMBS 10.51%
COALspot.com - "The markets touched record lows not seen since mid 80’s. However there was some good news with signs of market recovery a ...
Saturday, 11 February 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY
The week was highlighted with intense worries in the eurozone for Greece to secure its second bailout of $130billion by applying a ...
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- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- White Energy Company Limited
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Parliament of New Zealand
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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