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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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Saturday, 30 March 19
KOEN INVITES BIDS FOR 450,000 TONS OF (SUB) BITUMINOUS COAL FOR H1 AND JUNE 2019
South Korea state-owned utility KOREA SOUTH-EAST POWER CO., LTD. (KOEN) issued a tender for total 450,000 MT of min. 4300, 3500 and 5600 NCV ...
Wednesday, 27 March 19
SHIPPING MARKET INSIGHT - INTERMODAL
Contrary to the December 2018 forecasts but in line with the expectations of the dry bulk market, the first quarter of the year closed negatively. ...
Saturday, 23 March 19
IT WAS A POSITIVE WEEK FOR THE HANDY SIZE MARKET - BALTIC BRIEFING
Capesize
The big ships endured heavy losses last week extinguishing any hopes from the recent minor rally. Negative sentiment gained pace throu ...
Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are ...
Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...
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- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- VISA Power Limited - India
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
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