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

Tuesday, 13 December 22
AUSTRALIA TO CAP PRICES OF COAL, GAS TO DRIVE DOWN ENERGY BILLS - REUTERS
Australia will cap coal and gas prices for a year in a bid to shave utility bills for households and businesses hit by soaring costs because of the ...


Tuesday, 13 December 22
YANCOAL AUSTRALIA TO PREPAY $459 MLN DEBT AS RECORD COAL PRICES BOOST CASHFLOWS - REUTERS
Coal miner Yancoal Australia Ltd. said on Friday it intended to prepay $459 million of its debt on or around Dec. 16, as elevated coal prices were ...


Tuesday, 13 December 22
WHY COAL LEADS THE RISE IN COMMODITIES THIS YEAR - MARKETWATCH
This year marked a resurgence for coal, often known — and loathed — by environmentalists as the dirtiest energy source, with prices mor ...


Thursday, 08 December 22
COAL ROYALTY PAYMENTS BOOST AUSTRALIAN STATE'S BUDGET FORECAST - REUTERS
Australia’s Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments ...


Wednesday, 07 December 22
MARKET INSIGHT - INTERMODAL
China’s coal imports from January to October were 230.1m mt, a decrease of around 10.7% y-o-y (2021 totalled 323.2m mt). The question is if t ...


   33 34 35 36 37   
Showing 171 to 175 news of total 6871
News by Category
Popular News
 
Total Members : 28,623
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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