COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT 
BIMCOBIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for the maritime industry. The revisions reflect significant changes in the regulatory landscape since the contract was last updated.
 
In response to changes within the areas of regulation and safety, BIMCO has updated GENCON 1994 to reflect the commercial and legal requirements in today’s shipping practices. The voyage charter party, used in dry bulk trade, was last updated in 1994 and the new version addresses all terms and conditions that the commercial parties need to incorporate by means of rider clauses. This will help companies that may not have an internal legal department to turn to for assistance.
 
The drafting group engaged in the development of GENCON 2022 consisted of representatives from both the chartering and shipowning sector to assure the new version strikes the right balance with regards to the rights and obligations of both parties.
 
“When we sit down and start the process of drafting standard contracts and clauses for the maritime industry, our focus is on striking the right balance between the parties involved. This is regardless of which contract or clause is on the drawing table. The drafting of GENCON 2022 reflects this,” says Søren Larsen, BIMCO Deputy Secretary General.
 
Focus has also been on the importance of producing a clearly worded contract that leaves little room for disputes on matters of interpretation.
 
“I have been active in dry bulk shipping all my working life and have seen how important it can be to get the wording just right,” says John Weale, Chairman of the drafting sub-committee. “There is no perfect charter party, but I do believe that GENCON 2022 will go a long way towards meeting the needs of today’s industry and avoiding disputes.”
 
The 2022 update will mark 100 years since GENCON was first launched by BIMCO, as the first edition was published in 1922.
Source: BIMCO


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...


Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...


Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...


Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...


Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...


   37 38 39 40 41   
Showing 191 to 195 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • SMC Global Power, Philippines
  • TGV SRAAC LIMITED, India
  • Vizag Seaport Private Limited - India
  • VISA Power Limited - India
  • Makarim & Taira - Indonesia
  • Videocon Industries ltd - India
  • OPG Power Generation Pvt Ltd - India
  • Posco Energy - South Korea
  • Deloitte Consulting - India
  • Globalindo Alam Lestari - Indonesia
  • Coeclerici Indonesia
  • Parry Sugars Refinery, India
  • Medco Energi Mining Internasional
  • South Luzon Thermal Energy Corporation
  • Goldman Sachs - Singapore
  • Ince & co LLP
  • Indian Oil Corporation Limited
  • Maybank - Singapore
  • WorleyParsons
  • Freeport Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Price Waterhouse Coopers - Russia
  • Adaro Indonesia
  • SMG Consultants - Indonesia
  • Platou - Singapore
  • Indo Tambangraya Megah - Indonesia
  • Wilmar Investment Holdings
  • Global Business Power Corporation, Philippines
  • The University of Queensland
  • SRK Consulting
  • Kumho Petrochemical, South Korea
  • Indogreen Group - Indonesia
  • Sojitz Corporation - Japan
  • DBS Bank - Singapore
  • Lafarge - France
  • Gujarat Sidhee Cement - India
  • globalCOAL - UK
  • Energy Link Ltd, New Zealand
  • GNFC Limited - India
  • Star Paper Mills Limited - India
  • Gupta Coal India Ltd
  • Metalloyd Limited - United Kingdom
  • Vijayanagar Sugar Pvt Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • AsiaOL BioFuels Corp., Philippines
  • Essar Steel Hazira Ltd - India
  • Rio Tinto Coal - Australia
  • Dalmia Cement Bharat India
  • Holcim Trading Pte Ltd - Singapore
  • Lanco Infratech Ltd - India
  • Coalindo Energy - Indonesia
  • Tata Power - India
  • Vitol - Bahrain
  • Petrochimia International Co. Ltd.- Taiwan
  • Riau Bara Harum - Indonesia
  • Rudhra Energy - India
  • Kohat Cement Company Ltd. - Pakistan
  • IMC Shipping - Singapore
  • OCBC - Singapore
  • UOB Asia (HK) Ltd
  • Samsung - South Korea
  • BNP Paribas - Singapore
  • Jorong Barutama Greston.PT - Indonesia
  • Eastern Coal Council - USA
  • Coastal Gujarat Power Limited - India
  • Fearnleys - India
  • ASAPP Information Group - India
  • PetroVietnam Power Coal Import and Supply Company
  • APGENCO India
  • Russian Coal LLC
  • Georgia Ports Authority, United States
  • RBS Sempra - UK
  • Bhushan Steel Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • San Jose City I Power Corp, Philippines
  • Indonesia Power. PT
  • Bank of China, Malaysia
  • Thai Mozambique Logistica
  • Neyveli Lignite Corporation Ltd, - India
  • Interocean Group of Companies - India
  • Thomson Reuters GRC
  • GB Group - China
  • Panama Canal Authority
  • PLN Batubara - Indonesia
  • Noble Europe Ltd - UK
  • Coaltrans Conferences
  • Bahari Cakrawala Sebuku - Indonesia
  • KPMG - USA
  • Ambuja Cements Ltd - India
  • Standard Chartered Bank - UAE
  • Petrosea - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • U S Energy Resources
  • India Bulls Power Limited - India
  • CCIC - Indonesia
  • TRAFIGURA, South Korea
  • Argus Media - Singapore
  • Borneo Indobara - Indonesia
  • Cargill India Pvt Ltd
  • World Bank
  • Sucofindo - Indonesia
  • SUEK AG - Indonesia
  • Vale Mozambique
  • Malco - India
  • GVK Power & Infra Limited - India
  • bp singapore
  • Sical Logistics Limited - India
  • MS Steel International - UAE
  • Formosa Plastics Group - Taiwan
  • Japan Coal Energy Center
  • The State Trading Corporation of India Ltd
  • Anglo American - United Kingdom
  • Ernst & Young Pvt. Ltd.
  • Trasteel International SA, Italy
  • Maharashtra Electricity Regulatory Commission - India
  • Cement Manufacturers Association - India
  • Kaltim Prima Coal - Indonesia
  • Jaiprakash Power Ventures ltd
  • Cemex - Philippines
  • Pendopo Energi Batubara - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Kalimantan Lumbung Energi - Indonesia
  • Bulk Trading Sa - Switzerland
  • Energy Development Corp, Philippines
  • Siam City Cement - Thailand
  • Mechel - Russia
  • Gujarat Electricity Regulatory Commission - India
  • Kobexindo Tractors - Indoneisa
  • Power Finance Corporation Ltd., India
  • Simpson Spence & Young - Indonesia
  • Mitra SK Pvt Ltd - India
  • Iligan Light & Power Inc, Philippines
  • Coal and Oil Company - UAE
  • Ceylon Electricity Board - Sri Lanka
  • IOL Indonesia
  • Eastern Energy - Thailand
  • Thailand Anthracite
  • Enel Italy
  • Sree Jayajothi Cements Limited - India
  • Siam City Cement PLC, Thailand
  • Maersk Broker
  • Runge Indonesia
  • McConnell Dowell - Australia
  • GHCL Limited - India
  • Barclays Capital - USA
  • CIMB Investment Bank - Malaysia
  • Tamil Nadu electricity Board
  • Asian Development Bank
  • Glencore India Pvt. Ltd
  • Meralco Power Generation, Philippines
  • KEPCO - South Korea
  • Larsen & Toubro Limited - India
  • Economic Council, Georgia
  • Bangkok Bank PCL
  • Pipit Mutiara Jaya. PT, Indonesia
  • SGS (Thailand) Limited
  • Maheswari Brothers Coal Limited - India
  • Thermax Limited - India
  • Thriveni
  • SN Aboitiz Power Inc, Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • MEC Coal - Indonesia
  • Uttam Galva Steels Limited - India
  • Coal India Limited
  • Independent Power Producers Association of India
  • IHS Mccloskey Coal Group - USA
  • Moodys - Singapore
  • Global Coal Blending Company Limited - Australia
  • Manunggal Multi Energi - Indonesia
  • ACC Limited - India
  • Kideco Jaya Agung - Indonesia
  • Oldendorff Carriers - Singapore
  • Port Waratah Coal Services - Australia
  • Coal Orbis AG
  • Central Electricity Authority - India
  • Edison Trading Spa - Italy
  • Wood Mackenzie - Singapore
  • Agrawal Coal Company - India
  • Toyota Tsusho Corporation, Japan
  • Semirara Mining and Power Corporation, Philippines
  • Commonwealth Bank - Australia
  • Electricity Authority, New Zealand
  • Cigading International Bulk Terminal - Indonesia
  • Mitsui
  • Core Mineral Indonesia
  • ETA - Dubai
  • Savvy Resources Ltd - HongKong
  • Sindya Power Generating Company Private Ltd
  • Ind-Barath Power Infra Limited - India
  • Therma Luzon, Inc, Philippines
  • Orica Australia Pty. Ltd.
  • Asmin Koalindo Tuhup - Indonesia
  • Xindia Steels Limited - India
  • Cosco
  • PLN - Indonesia
  • Australian Commodity Traders Exchange
  • Shree Cement - India
  • Reliance Power - India
  • Orica Mining Services - Indonesia
  • Australian Coal Association
  • Renaissance Capital - South Africa
  • Ministry of Mines - Canada
  • London Commodity Brokers - England
  • The India Cements Ltd
  • ING Bank NV - Singapore
  • Maruti Cements - India
  • Mjunction Services Limited - India
  • SASOL - South Africa
  • Barasentosa Lestari - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Tanito Harum - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • EIA - United States
  • Madhucon Powers Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Petron Corporation, Philippines
  • Geoservices-GeoAssay Lab
  • Infraline Energy - India
  • Bukit Makmur.PT - Indonesia
  • Mitsubishi Corporation
  • Mercuria Energy - Indonesia
  • Arutmin Indonesia
  • CoalTek, United States
  • Clarksons - UK
  • Antam Resourcindo - Indonesia
  • IEA Clean Coal Centre - UK
  • Bangladesh Power Developement Board
  • Bhoruka Overseas - Indonesia
  • Platts
  • European Bulk Services B.V. - Netherlands
  • NALCO India
  • Surastha Cement
  • Baramulti Group, Indonesia
  • Cebu Energy, Philippines
  • Malabar Cements Ltd - India
  • Bhatia International Limited - India
  • Singapore Mercantile Exchange
  • KOWEPO - South Korea
  • Marubeni Corporation - India
  • Banpu Public Company Limited - Thailand
  • Inco-Indonesia
  • Humpuss - Indonesia
  • Vedanta Resources Plc - India
  • Carbofer General Trading SA - India
  • JPMorgan - India
  • Peabody Energy - USA
  • Latin American Coal - Colombia
  • Salva Resources Pvt Ltd - India
  • Mintek Dendrill Indonesia
  • Merrill Lynch Bank
  • Gresik Semen - Indonesia
  • Electricity Generating Authority of Thailand
  • Rashtriya Ispat Nigam Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Intertek Mineral Services - Indonesia
  • CESC Limited - India
  • International Coal Ventures Pvt Ltd - India
  • Chettinad Cement Corporation Ltd - India
  • TNPL - India
  • PTC India Limited - India
  • Mercator Lines Limited - India
  • Thiess Contractors Indonesia
  • PowerSource Philippines DevCo
  • Miang Besar Coal Terminal - Indonesia
  • Credit Suisse - India
  • Aboitiz Power Corporation - Philippines
  • Bukit Baiduri Energy - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Planning Commission, India
  • Timah Investasi Mineral - Indoneisa
  • ICICI Bank Limited - India
  • Britmindo - Indonesia
  • Africa Commodities Group - South Africa
  • Bank of America
  • Krishnapatnam Port Company Ltd. - India
  • Indian School of Mines
  • Meenaskhi Energy Private Limited - India
  • Aditya Birla Group - India
  • Ministry of Transport, Egypt
  • NTPC Limited - India
  • ANZ Bank - Australia
  • Arch Coal - USA
  • Leighton Contractors Pty Ltd - Australia
  • Sakthi Sugars Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Inspectorate - India
  • HSBC - Hong Kong
  • Minerals Council of Australia
  • Samtan Co., Ltd - South Korea
  • Adani Power Ltd - India
  • PNOC Exploration Corporation - Philippines
  • GMR Energy Limited - India
  • LBH Netherlands Bv - Netherlands
  • Heidelberg Cement - Germany
  • Attock Cement Pakistan Limited
  • Cardiff University - UK
  • Grasim Industreis Ltd - India
  • New Zealand Coal & Carbon
  • Xstrata Coal
  • Permata Bank - Indonesia
  • Deutsche Bank - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Altura Mining Limited, Indonesia
  • KPCL - India
  • Parliament of New Zealand
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • JPower - Japan
  • BRS Brokers - Singapore
  • CNBM International Corporation - China
  • Global Green Power PLC Corporation, Philippines
  • Jindal Steel & Power Ltd - India
  • Semirara Mining Corp, Philippines
  • Karbindo Abesyapradhi - Indoneisa
  • Total Coal South Africa
  • Kepco SPC Power Corporation, Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Pinang Coal Indonesia
  • Bharathi Cement Corporation - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • EMO - The Netherlands
  • UBS Singapore
  • J M Baxi & Co - India
  • White Energy Company Limited
  • McKinsey & Co - India
  • Jatenergy - Australia
  • The Treasury - Australian Government
  • Merrill Lynch Commodities Europe
  • Karaikal Port Pvt Ltd - India
  • Kobe Steel Ltd - Japan
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • TANGEDCO India
  • Bayan Resources Tbk. - Indonesia
  • Berau Coal - Indonesia
  • Indian Energy Exchange, India
  • Directorate Of Revenue Intelligence - India
  • Alfred C Toepfer International GmbH - Germany
  • Indonesian Coal Mining Association
  • TeaM Sual Corporation - Philippines
  • Idemitsu - Japan
  • Ministry of Finance - Indonesia
  • Shenhua Group - China
  • Central Java Power - Indonesia
  • IBC Asia (S) Pte Ltd
  • Qatrana Cement - Jordan
  • Directorate General of MIneral and Coal - Indonesia
  • Chamber of Mines of South Africa
  • Indorama - Singapore
  • PetroVietnam
  • Tata Chemicals Ltd - India
  • Romanian Commodities Exchange
  • World Coal - UK
  • Indika Energy - Indonesia
  • Asia Cement - Taiwan