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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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Tuesday, 16 July 19
SUPRAMAX: THE ASIAN ARENA WAS SPLIT, WITH A BUILD-UP OF TONNAGE AND LACK OF ENQUIRY IN THE NORTH - BALTIC BRIEFING
Capesize
It was a Brazilian affair with a strong splash of bunkers characterising the Capesize market over the past week. Largely traded in Eur ...
Wednesday, 10 July 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR HCV AND LCV COAL FOR AUGUST 2019 LOADING
COALspot.com: South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for total 460,000 to 500,000 Metric To ...
Wednesday, 10 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. The warning ...
Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
Capesize
The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw ...
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Showing 1366 to 1370 news of total 6871 |
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- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- PTC India Limited - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
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