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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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Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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Showing 41 to 45 news of total 6871 |
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- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Australian Coal Association
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
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