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Friday, 14 June 19
ELECTRONIC (PAPERLESS) TRADING - SKULD
 KNOWLEDGE TO ELEVATE
Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platform)
This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of Global Share S.A. edoxOnline platform. Members may recall, as reported in Circular of 27 October 2015, that until February 2010 the Rules of all of the Group Clubs specifically excluded liabilities in respect of the carriage of cargo under all electronic, i.e. paperless, trading systems to the extent that the liabilities under such systems would not have arisen under a ‘normal’ paper system i.e. one using transferable paper documentation.
From 20 February 2010 liabilities arising in respect of the carriage of cargo under such paperless trading systems were covered, provided that the system had first been approved by the Group. Since then the Group has approved electronic i.e. paperless systems administered by Electronic Shipping Solutions, by Bolero International Ltd (more specifically the Rulebook/Operating procedures September 1999.) e-titleTM solution and now Global Share S.A. edoxOnline has been added to the list of IG approved systems.
edoxOnline provides an electronic paperless system which is supported by a legal framework to facilitate transfer and endorsement of electronic bills of lading, removing the need for a paper bill although there is scope to revert to paper where it is necessary to do so. This is the first approved system to use Blockchain technology.
The legal documentation and Terms of Use associated with the use and operation of the edoxOnline platform is the e-BL Terms and Conditions (T&C). That documentation has been reviewed and approved by the Group.
Other exclusions of cover under Group Club Rules relating to the carriage of cargo will of course continue to apply in respect of ESS, Bolero, E-Title and edoxOnline in the same way as for paper systems. These exclusions include discharge at a port or place other than the port or place provided for in the contract of carriage, the issue / creation of an ante or post-dated electronic document / record, and the delivery of cargo without the production of the negotiable electronic document / record, which in the case of an approved electronic trading system will mean delivery of cargo other than in accordance with the rules of that trading system.
As with previous electronic systems, it would be helpful to the Group, in monitoring the use and development of these three systems, if Members who are using any of them would advise the Club of any benefits or difficulties which they encounter, legal or practical, in the operation of the systems.
Source: Skuld
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Wednesday, 24 April 19
PANAMAX: IN THE EAST, THE MARKET MOVED SIDE-WAYS, WITH FEWER COAL CARGOES FROM INDONESIA PUTTING PRESSURE ON RATES - INTERMODAL
Sentiment in the Dry Bulk market slowly but steadily kept improving last week as Capesize rates remained in recovery mode and Panamax earnings also ...
Wednesday, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...
Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants
Surge in coal imports has now forced Coal India Ltd (CIL) ...
Thursday, 18 April 19
BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...
Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost ...
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Showing 1411 to 1415 news of total 6871 |
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- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- PTC India Limited - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- The University of Queensland
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Economic Council, Georgia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- ASAPP Information Group - India
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