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Tuesday, 27 December 11
NEW CLAUSE PUBLISHED FOR SLOW STEAMING - BIMCO
 Many owners and operators faced with high bunker prices are considering implementing slow steaming regimes to save fuel and to assist with capacity planning. In the scheduled liner industry, slow steaming and “super” slow steaming has been a common practice for several years. Other sectors of the industry are now looking at the possibility of slow steaming, but are aware of the need for a special provision to incorporate into their charter parties to deal with the legal and technical aspects of this practice. In response to this demand BIMCO has been working over the past year on developing two new standard charter party clauses – one for time charter parties and the other for voyage charters.
The first to be published is the time charter clause which was adopted by BIMCO’s Documentary Committee in November. The Clause has been issued as a Special Circular to Members (No. 7, dated 23 December 2011)
BIMCO has consulted with the major engine designers during the development of the Clause to ensure that the technicalities of slow steaming are properly reflected in its provisions.
The legal aspects of slow steaming under a time charter party primarily relate to the owners’ obligations to follow the charterers’ slow steaming instructions while taking into account the safety of the vessel, crew and cargo and obligations towards third parties, such as holders of bills of lading. All of these issues have been addressed in the Slow Steaming Clause for Time Charter Parties with valuable input provided by lawyers and P&I Club representatives.
A voyage charter party edition of the Clause will follow shortly.
Source: BIMCO / Hellenic Shipping
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Monday, 28 November 11
CITING CONTRACTS, MINING FIRMS ARE NOT PAYING ROYALTIES UNDER LAW - THE JAKARTA POST
The Jakarta Post reported that, when the 2009 Law on Minerals and Coal was endorsed, hopes that Indonesia could maximize its revenue from the minera ...
Monday, 28 November 11
NEW ENVIRONMENTAL MARINE REGULATIONS TO IMPACT SHIPPING IN 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
August of next year will see some major changes for marine navigation. It’s when the North American ECA will come into force, introducing a 1% ...
Sunday, 27 November 11
INDIA'S KPCL TO IMPORT 50 MMT OF COAL FOR 10 YEARS
COALspot.com - Karnataka Power Corporation Limited (KPCL) will buy 5 million metric tonnes of coal annually for 10 years starting from 2015.
In a ...
Saturday, 26 November 11
INDIAN PORTS ARE BECOME COAL STOCKPILES..!!
COALspot.com - The Indian coal stocks and power tariff situation is the hot topic among the world coal producers as well as Indian coal importers.&n ...
Saturday, 26 November 11
THE FREIGHT MARKETS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market were down probably with the sentiments of global financial markets and all segments were down.
The BDI was up down by 4 ...
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- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
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