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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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Thursday, 18 October 18
SUPRAMAX: INDO/WC INDIA SUPRAS ARE FIXING AROUND MID $14000S P/D BASIS SPORE DELIVERY
Capesize
The volatile Cape market continues this week, especially in the Pacific says Fearnleys in its latest weekly report.
...
Thursday, 18 October 18
COAL SHORTAGE HITS POWER SECTOR AGAIN; HOW INDIA CAN GET ITS PRODUCTION RIGHT - ANIL SWARUP
By convincing states of the value proposition of increased production, the record production of Fy15 & Fy16 can be emulated.
The ...
Thursday, 18 October 18
CHINA POWER REFORM NEUTRAL ON GRIDS, PRESSURES IPP MARGINS - FITCH RATINGS
China's power sector reform has a broadly neutral impact on transmission grids although it will pressure the power producers' margins, says ...
Wednesday, 17 October 18
ESCROW SERVICE FOR BALTIC MEMBERS NOW LIVE
The Baltic Exchange’s Escrow Service for its members to hold deposits for ship sale transactions goes live today (15 October). The service is ...
Wednesday, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC. 43 of those vessels had to do ...
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Showing 1586 to 1590 news of total 6871 |
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- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- PTC India Limited - India
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
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