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Wednesday, 20 February 19
EFFECTIVE NOTICES OF ARBITRATION - AVOIDING WASTED COSTS AND A POTENTIALLY TIME-BARRED CLAIM
 KNOWLEDGE TO ELEVATE
In a recent case, The Amity [2017], charterers successfully set aside an arbitration award on the basis that owners had not effectively served their notice of arbitration upon charterers since the person to whom owners had sent their arbitration notice, claim submissions and communications, whilst an employee of charterers, did not have actual or implied authority to accept service of proceedings on behalf of charterers. This meant that owners had to start the arbitration proceedings again if they wanted to pursue their claim in arbitration, wasting the legal and tribunal costs it had incurred in obtaining the award and also running the risk that owners’ claim had become time-barred.
To counteract this risk, the Club recommends that Members adopt the LMAA Arbitration Notice Clause in their charter parties, as quoted below, with each party specifying at least one individual and one generic email address:
“LMAA ARBITRATION NOTICE CLAUSE
Any and all notices and communications in relation to any arbitration proceedings arising in connection with this contract (including any communications giving notice of the commencement of such proceedings and/or appointment of an arbitrator) shall be treated as effectively served if sent by e-mail to the e-mail addresses as provided for in this clause (it is strongly recommended that at least one individual, together with their individual e-mail address, is named for service purposes but a general e-mail address may also be included or used in the alternative):
• E-mail address for Owners [owners should insert at least one individual and one general email address here]
• E-mail address for Charterers [charterers should insert at least one individual and one general email address here]
Either party shall be entitled to change and/or add to the e-mail addresses to which notices and communications may be sent for purposes of this clause by sending notice of change to the other party at the e-mail address provided for in this clause (or, if previously amended by notice, the relevant amended address).
Any notice and communication sent by e-mail pursuant to this clause shall be deemed to have been served, and become effective, from the date and time the e-mail was sent.
If a party retains solicitors or representatives with authority to accept service of notices and communications in relation to arbitration proceedings, the other party should be advised of the appointment and new service details in accordance with the terms of this clause; future service and communications should then be sent to the nominated solicitors or representatives only (unless otherwise directed). In the event the solicitors or other representatives cease to act and notice is given of this to the other party, the provisions contained herein shall re-apply.”
Source: West of England
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Monday, 29 October 18
SUPRAMAX: THE ASIAN AREA SAW FALLING RATES, WITH A 61,000DWT FIXING DELIVERY KOHSICHANG TRIP VIA INDONESIA, REDELIVERY INDIA, AT $10,500 - BALTIC BRIEFING
Capesize
A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, ...
Friday, 26 October 18
SHIP OPERATING COSTS EXPECTED TO RISE IN 2018 AND 2019 - MOORE STEPHENS
Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.
...
Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
World Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September. T ...
Thursday, 25 October 18
WHAT DOES THE "IMO 2020" REGULATION REALLY SAY? A QUICK GUIDE - BIMCO
KNOWLEDGE TO ELEVATE
The shipping industry has all eyes firmly fixed on the topic, but what exactly do the “IMO 2020” global sulph ...
Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, ...
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- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- PTC India Limited - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Australian Coal Association
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
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