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Friday, 14 June 19
ELECTRONIC (PAPERLESS) TRADING - SKULD
 KNOWLEDGE TO ELEVATE
Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platform)
This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of Global Share S.A. edoxOnline platform. Members may recall, as reported in Circular of 27 October 2015, that until February 2010 the Rules of all of the Group Clubs specifically excluded liabilities in respect of the carriage of cargo under all electronic, i.e. paperless, trading systems to the extent that the liabilities under such systems would not have arisen under a ‘normal’ paper system i.e. one using transferable paper documentation.
From 20 February 2010 liabilities arising in respect of the carriage of cargo under such paperless trading systems were covered, provided that the system had first been approved by the Group. Since then the Group has approved electronic i.e. paperless systems administered by Electronic Shipping Solutions, by Bolero International Ltd (more specifically the Rulebook/Operating procedures September 1999.) e-titleTM solution and now Global Share S.A. edoxOnline has been added to the list of IG approved systems.
edoxOnline provides an electronic paperless system which is supported by a legal framework to facilitate transfer and endorsement of electronic bills of lading, removing the need for a paper bill although there is scope to revert to paper where it is necessary to do so. This is the first approved system to use Blockchain technology.
The legal documentation and Terms of Use associated with the use and operation of the edoxOnline platform is the e-BL Terms and Conditions (T&C). That documentation has been reviewed and approved by the Group.
Other exclusions of cover under Group Club Rules relating to the carriage of cargo will of course continue to apply in respect of ESS, Bolero, E-Title and edoxOnline in the same way as for paper systems. These exclusions include discharge at a port or place other than the port or place provided for in the contract of carriage, the issue / creation of an ante or post-dated electronic document / record, and the delivery of cargo without the production of the negotiable electronic document / record, which in the case of an approved electronic trading system will mean delivery of cargo other than in accordance with the rules of that trading system.
As with previous electronic systems, it would be helpful to the Group, in monitoring the use and development of these three systems, if Members who are using any of them would advise the Club of any benefits or difficulties which they encounter, legal or practical, in the operation of the systems.
Source: Skuld
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Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...
Wednesday, 31 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
It was a fairly busy week in the dry S&P market. Despite the ease of Capesize rates which impacted Panamaxes as well, interest from potential b ...
Sunday, 28 July 19
ULTRAMAX - INDONESIAN COAL CARGOES SAW A 63,000DWT SHIP FIXING DELIVERY FOR A SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY CHINA, AT $11,700 - BALTIC BRIEFING
Capesize
The market was a white knuckled ride this past week as a large downside movement shed value quickly leaving many in bewilderment. The ...
Wednesday, 24 July 19
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.27 PCT - XINHUA
China Taiyuan coal transaction price index stood at 138.78 points Monday, down 0.27 percent week on week.
The index, released by Chi ...
Wednesday, 24 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
Tonnes of ink has been spent analysing the rebound of the dry bulk market the last weeks with the most representative example being the rising perf ...
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- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- VISA Power Limited - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Australian Coal Association
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
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