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Thursday, 08 December 22
BIMCO TO REVISE WAR RISK CLAUSES
Work to revise the BIMCO War Cancellation Clause 2004, the BIMCO War Risks Clause for Time Chartering 2013 (CONWARTIME 2013) and the BIMCO War Risks Clause for Voyage Chartering 2013 (VOYWAR 2013) clauses has begun, and the subcommittee has just had its third meeting.
BIMCO has established a subcommittee to review the BIMCO War Cancellation Clause 2004, the BIMCO War Risks Clause for Time Chartering 2013 (CONWARTIME 2013) and the BIMCO War Risks Clause for Voyage Chartering 2013 (VOYWAR 2013). Generally, charter parties contain war clauses which are also known as “War Risk Clauses” and from time to time also the war cancellation clause is included. It is important that these clauses reflect the nature of modern conflicts, and the subcommittee has started discussing this topic and whether amendments are needed to update the clauses.
At its first meeting, the subcommittee discussed the scope and objectives of the project. The general experience is that the clauses are applied unamended and that they work well since the last revision of the clause. During the last revision of CONWARTIME 2013 and VOYWAR 2013, changes in case law in particular the “Triton Lark”, the development in trading practices and the experience on demands for specialist cover brought a need to adjust the definitions of the clause. Now, about 10 years later since the last revision, and as the geopolitical landscape does not stay status quo, the subcommittee will consider whether a revision of the current wording would be relevant and beneficial to the industry. Furthermore, the subcommittee will focus on ensuring that the clauses remain commercially workable and fit today’s needs of the industry. At the following meeting, the subcommittee discussed the war risk insurance aspects, both in terms of cover and the responsible party to pay the premium.
Members of the subcommittee are Natalya Skjelmose (Norden), Anders G. Hovelsrud (DNK), Dirk Janssen (Nordisk), Dorte Nielsen (Centurion Bank), Henning Babiel (ADM), Neil Roberts (Joint War Committee), Nicola Cox (West), Richard Neylon (HFW), Richard Young (Beazley).
Source: BIMCO
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Tuesday, 23 May 23
INDIA: COAL OUTPUT UP 8.9%, SUPPLY RISES 11.7% IN APRIL - FINANCIAL EXPRESS
India’s coal production jumped 8.85% to 73.14 million tonne (MT) in April 2023 and the total coal despatch during the month went up 11.66% to ...
Tuesday, 23 May 23
CHINA COAL OUTPUT UP 4.5 PCT IN APRIL - XINHUA
China’s raw coal output posted stable expansion in April, official data showed.
The country produced 380 million tonnes of raw ...
Saturday, 20 May 23
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
In 2022, non-OPEC supply is estimated to have increased by 1.9 mb/d y-o-y. Out of this, US liquids production increased by 1.2 mb/d, mainly on the ...
Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coa ...
Saturday, 20 May 23
MARKET INSIGHT - INTERMODAL
India is one of the world's largest coal producers and one of the world's largest importers of coal. The country uses coal mainly for power ...
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Showing 101 to 105 news of total 6871 |
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- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
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