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

Sunday, 03 July 22
CHINESE VICE PREMIER STRESSES CLEAN, EFFICIENT USE OF COAL - XINHUA
Chinese Vice Premier Han Zheng has stressed efforts to promote the clean and efficient use of coal, and pursue green, low-carbon and high-quality d ...


Sunday, 03 July 22
SOVEREIGN SECTOR OUTLOOK REVISED TO NEUTRAL ON UKRAINE WAR IMPACT - FITCH RATINGS
The deterioration in global sovereign credit conditions this year relative to our expectations at end-2021 has caused Fitch Ratings to change its g ...


Saturday, 02 July 22
GLOBAL SEABORNE COAL EXPORTS IN 2021 INCREASED BY 4.4% Y-O-Y TO 1147 MLN TONNES - BANCHERO COSTA
In the full 12 months of 2021, global seaborne coal exports increased by +4.4% y-o-y to 1147 mln tonnes, from 1099 mln tonnes in 2020, according to ...


Friday, 01 July 22
INDIA'S TOP CEMENT MAKER PAYING FOR RUSSIAN COAL IN CHINESE YUAN - REUTERS
India’s biggest cement producer, UltraTech Cement ULTC.NS, is importing a cargo of Russian coal and paying using Chinese yuan, according to a ...


Thursday, 30 June 22
FINANCIAL GAINS SUPPORT COAL TRANSITION - BALTIC EXCHANGE
Support for the shift away from coal dependency continues to mount, with the International Monetary Fund (IMF) calculating that the move would gene ...


   60 61 62 63 64   
Showing 306 to 310 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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