We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 27 June 16
LATEST NEWS ON BIMCO'S CONTRACTS AND CLAUSES
 BIMCO is currently updating several of its most widely used charter parties including SUPPLYTIME and BARECON. New developments include the Standard Term Sheet and two marine services agreements – one for use in dismantling of offshore oil and gas structures, and the other for spill response equipment and personnel.
Novation Agreements
BIMCO has just published a set of standard novation agreements. They provide a legal framework to change one of the original parties to a contract. Two of the agreements are for a change of charterer/owner. The third covers a change of buyer under a shipbuilding contract.
SUPPLYTIME
The widely used SUPPLYTIME 2005 time charter for offshore service vessels is being updated. A team of industry experts representing owners and charterers has been working on a new edition for the past 12 months. The main focus has been on modernisation and adding greater clarity to the contract, rather than a radical overhaul of its terms and conditions. To reflect changes in commercial practice and legal developments over the past 10 years, the updated edition will feature a number of new clauses that are commonly added as riders.
The drafting team, headed by Ian Perrott, former CEO of Hamburg based ER Offshore, has just completed a first full review of the contract. Later this year, draft copies of the updated SUPPLYTIME will be circulated to a selected industry “sounding board” for feedback and input. The target completion date for the project is May 2017.
BARECON
When it comes to bareboat chartering a ship, the natural choice of contract is BIMCO’s BARECON – which is very much the industry standard agreement for this activity. BARECON was last updated in 2001.
Work on a new edition began earlier this year. The focus so far has been on delivery and redelivery aspects – particularly the condition of the ship and survey and inspection rights.
The drafting team, headed by Captain Ajay Hazari, Director at Anglo Eastern Ship Management in Hong Kong, will also look in detail at the insurance provisions of BARECON.
A first draft of the updated bareboat charter will be shown to BIMCO’s Documentary Committee in November.
WORLDFOOD
The World Food Programme is a UN humanitarian organization with a mandate to fight hunger globally. It buys food and charters ships to send aid to where it is needed. Transport by sea is the main method used for food aid cargoes. The WORLDFOOD charter party, originally developed together with BIMCO in 1986, is used exclusively by the World Food Programme.
The charter party was last updated in 1999. The World Food Programme recently asked BIMCO to help update and modernise the agreement. The Agency requires shipowners to accept a high degree of flexibility to change ports at short notice because of the often volatile areas in which they operate. In this respect the WORLDFOOD charter differs from other standard voyage charters.
The main focus of the update will be to add new editions of some of the older standard clauses found in the charter party – such as War Risks and Law and Arbitration. New clauses will cover issues such as piracy and compliance with the MLC Convention.
The drafting team, headed by Jean-Pierre Laffaye of Louis Dreyfus Armateurs will continue working with World Food Programme representatives to update the charter party. The next meeting will be held in Paris in October.
Standard Term Sheet
BIMCO’s draft Standard Term Sheet has just been positively reviewed by an industry “sounding board” composed of representatives from shipowners, banks, lawyers and other people interested in the term sheet project.
The drafting team will look at all the comments from the “sounding board” at their next meeting at the end of. The outcome of these consultations, together with a revised draft, will be presented to the Documentary Committee at its next meeting in November.
Source: BIMCO
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 06 July 16
KOMIPO INVITES BIDS FOR 780000 MT OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 780,000 Metric Tons of Bituminous Coal for its B ...
Wednesday, 06 July 16
MARKET INSIGHT - VASSILIS VASSILIOU
After a fairly silent first half of the year in the ship repair sector, we have finally a harmonized workload in the shipyards around the world. Ma ...
Tuesday, 05 July 16
DRY BULK SHIPPING'S RECOVERY NOT SEEN UNTIL 2018 - SGX
SGX freight derivative volumes totaled 36,542 contracts in June (-28% m/m; +52% y/y), while open interest averaged 121,189 contracts during the mon ...
Tuesday, 05 July 16
SPOT COAL INDEXES FOR INDONESIAN COAL CONTINUE TO HOLD FIRM - CS COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up by 0.83 percent week over week to averaging $39.98 per ton this past week, sh ...
Monday, 04 July 16
INDONESIA COAL PRICE REFERENCE CLIMBED 2.30% IN JULY
COALspot.com: The Indonesia Coal Benchmark Price increased in July 2016.
The Director General of Mineral and Coal of Indonesia, the r ...
|
|
|
Showing 2371 to 2375 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
|
| |
| |
|
