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
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


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

Recent News

Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...


Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...


Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...


Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday. ...


Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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