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, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCOBIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can ensure the charterers’ uninterrupted use of a ship if the owner defaults under the financing facility.
 
The QELs will be provided by the lender to the charterer to ensure that the charterer, who does not have a contractual relationship with the lender but only with the owner, can continue to “quietly enjoy” the ship in case of the owner’s default.
 
In return, the charterer gives a certain number of undertakings, including not to cancel the charter party and to continue to pay amounts due under the charter party. The QELs also offer lenders an opportunity to secure their rights, such as appointing a replacement owner in case of a default.
 
“The two new forms fill a gap in the market where no such standard form is currently available. They are distinct because they are beneficial to charterers, lenders and owners,” says Nicholas Fell, Chairperson of BIMCO’s Documentary Committee.
 
The QELs have been developed in a collaborative process involving representatives of owners (Wah Kwong and Oldendorff Carriers), charterers (BHP and Noble Resources International), lenders (Danish Ship Finance), leasing institutions (CMB Financial Leasing Co. Ltd.) and legal experts (Linklaters LLP and Holland & Knight LLP).
 
“The objective of the subcommittee in charge of the project was to create a balanced standard that reflects market practice and fairly represents the rights and obligations of all parties,” says Catherine Smith, Chairperson of the BIMCO QEL subcommittee.
 
Two versions of the QEL have been developed: a standard quiet enjoyment letter signed by the lender and agreed by the owner and charterer, and a “short form” version which is signed only by the lender.
 
The QELs have been drafted for use with bareboat and time charter parties, as well as ship leasing structures, and complement BIMCO’s existing portfolio of term sheets for ship financing and ship sale and leaseback transactions which includes the SHIPTERM, SHIPTERM S and SHIPLEASE term sheets.
Source: BIMCO


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

Recent News

Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...


Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...


Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...


Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...


Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...


   4 5 6 7 8   
Showing 26 to 30 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 ...

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