We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
 BIMCO 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.
|
|
Tuesday, 26 July 22
WILL SOUTH AMERICA’S WINTER DEMAND DRAW LNG CARGOES AWAY FROM EUROPE? - ICIS
South America is now in the middle of its winter demand season. Last year the region increased its share of global LNG imports in winter, with Braz ...
Monday, 25 July 22
GLOBAL 2021 COAL-FIRED ELECTRICITY GENERATION SURGES TO RECORD HIGH - REUTERS
By contrast, mine output was still fractionally below the record set between 2012 and 2014 because older and less efficient coal generators have be ...
Saturday, 23 July 22
THE EU HAS BEEN REDUCING IMPORTS OF RUSSIAN REFINED OIL PRODUCTS SINCE MARCH - BANCHERO COSTA
The European Union could now ban the import and transit of fuel oil from Russia around six months ahead of the planned deadline, an EU official and ...
Saturday, 23 July 22
INDONESIA CONSIDERING SCRAPPING DOMESTIC SALES RULE FOR PALM OIL EXPORTS - REUTERS
Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding ...
Saturday, 23 July 22
STABILITY OF RUSSIAN GAS FLOWS REMAIN UNCERTAIN, DESPITE THE REOPENING OF NORD STREAM - WOOD MACKENZIE
Gazprom confirmed today that regular annual maintenance of Nord Stream is officially over and gas flows restarted at 63 million cubic metres per da ...
|
|
|
Showing 276 to 280 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- White Energy Company Limited
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- The University of Queensland
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
|
| |
| |
|
