We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
 BIMCO 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.
|
|
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
...
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 ...
|
|
|
Showing 36 to 40 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
|
| |
| |
|
