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Wednesday, 21 December 16
THE SUPREME COURT DECISION IN OW BUNKERS - WHEN A SALE OF GOODS IS NOT A SALE OF GOODS - LEON ALEXANDER, CLYDE&CO
 KNOWLEDGE TO ELEVATE
In May 2016 the Supreme Court of England & Wales gave judgment in an OW Bunkers test case entitled "Res Cogitans".
The brief facts were that one OW entity had contracted to supply a vessel with bunkers but the actual physical supply had been sub-contracted to a Rosneft entity. The contract between Rosneft and OW gave OW 30 day credit terms and included a retention of title clause ("ROT"), i.e. a clause which said that title in the bunkers would stay with Rosneft until payment was received from OW.
OW entered liquidation and did not pay Rosneft even though the bunkers had been supplied to the vessel which proceeded to burn them. As it was concerned about having to pay twice, the vessel sought a declaration that it did not have to pay OW.
A key question the Supreme Court considered was whether a bunker supply contract on credit terms was a contract for the sale of goods pursuant to the Sale of Goods Act 1979.
The Court ruled that it was not a sale of goods. Instead the Court found that it was a unique agreement pursuant to which the purchaser bought the right to consume the bunkers prior to payment.
Practically, this meant that the ROT was meaningless and OW, as contractual supplier to the vessel, was entitled to receive payment for the bunkers.
The Supreme Court's decision came as a surprise to most in the industry who had thought that they were selling goods when they "sold" bunkers. It remains to be seen whether other goods which are sold on the understanding that they will be consumed, on-sold or manufactured prior to payment will not be a sale of goods.
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Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
Friday, 14 July 23
CLEAN COAL USE KEY TO DEEP CUTS IN EMISSIONS, STABLE ELECTRICITY SUPPLY - CHINA DAILY
China must push for the clean use of coal and step up integration of the dirty fuel with carbon capture, utilization and storage to achieve sustain ...
Thursday, 13 July 23
VIETNAM'S COAL EMISSIONS PRIMED FOR SURGE AFTER IMPORTS JUMP - REUTERS
Vietnam’s thermal power emissions are primed for a steep climb this summer after the country’s imports of thermal coal soared to their ...
Monday, 26 June 23
COAL PRODUCTION AND CONSUMPTION UP IN 2022 - EUROSTAT
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 millio ...
Wednesday, 21 June 23
QATAR STRIKES SECOND BIG LNG SUPPLY DEAL WITH CHINA - REUTERS
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead i ...
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- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
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- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
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- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
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- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Planning Commission, India
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- ASAPP Information Group - India
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