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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
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Wednesday, 29 June 22
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Saturday, 11 June 22
AIMTEK INTERNATIONAL CONFERENCE AND AWARDS
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- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Planning Commission, India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
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