COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT 
BIMCOBIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for the maritime industry. The revisions reflect significant changes in the regulatory landscape since the contract was last updated.
 
In response to changes within the areas of regulation and safety, BIMCO has updated GENCON 1994 to reflect the commercial and legal requirements in today’s shipping practices. The voyage charter party, used in dry bulk trade, was last updated in 1994 and the new version addresses all terms and conditions that the commercial parties need to incorporate by means of rider clauses. This will help companies that may not have an internal legal department to turn to for assistance.
 
The drafting group engaged in the development of GENCON 2022 consisted of representatives from both the chartering and shipowning sector to assure the new version strikes the right balance with regards to the rights and obligations of both parties.
 
“When we sit down and start the process of drafting standard contracts and clauses for the maritime industry, our focus is on striking the right balance between the parties involved. This is regardless of which contract or clause is on the drawing table. The drafting of GENCON 2022 reflects this,” says Søren Larsen, BIMCO Deputy Secretary General.
 
Focus has also been on the importance of producing a clearly worded contract that leaves little room for disputes on matters of interpretation.
 
“I have been active in dry bulk shipping all my working life and have seen how important it can be to get the wording just right,” says John Weale, Chairman of the drafting sub-committee. “There is no perfect charter party, but I do believe that GENCON 2022 will go a long way towards meeting the needs of today’s industry and avoiding disputes.”
 
The 2022 update will mark 100 years since GENCON was first launched by BIMCO, as the first edition was published in 1922.
Source: BIMCO


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...


Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...


Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...


Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...


Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...


   37 38 39 40 41   
Showing 191 to 195 news of total 6871
News by Category
Popular News
 
Total Members : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Medco Energi Mining Internasional
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Bharathi Cement Corporation - India
  • Bukit Baiduri Energy - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Shenhua Group - China
  • Indika Energy - Indonesia
  • Singapore Mercantile Exchange
  • Intertek Mineral Services - Indonesia
  • Gresik Semen - Indonesia
  • Bhushan Steel Limited - India
  • Uttam Galva Steels Limited - India
  • Electricity Authority, New Zealand
  • JPMorgan - India
  • ETA - Dubai
  • Savvy Resources Ltd - HongKong
  • Goldman Sachs - Singapore
  • CNBM International Corporation - China
  • Merrill Lynch Bank
  • Pipit Mutiara Jaya. PT, Indonesia
  • Geoservices-GeoAssay Lab
  • Global Coal Blending Company Limited - Australia
  • Tamil Nadu electricity Board
  • The State Trading Corporation of India Ltd
  • GVK Power & Infra Limited - India
  • Samsung - South Korea
  • Gupta Coal India Ltd
  • Eastern Energy - Thailand
  • Heidelberg Cement - Germany
  • Asian Development Bank
  • Argus Media - Singapore
  • Oldendorff Carriers - Singapore
  • Australian Commodity Traders Exchange
  • Cemex - Philippines
  • CoalTek, United States
  • Kohat Cement Company Ltd. - Pakistan
  • Parry Sugars Refinery, India
  • Core Mineral Indonesia
  • Deutsche Bank - India
  • Holcim Trading Pte Ltd - Singapore
  • Gujarat Sidhee Cement - India
  • Central Electricity Authority - India
  • TGV SRAAC LIMITED, India
  • World Coal - UK
  • Siam City Cement - Thailand
  • Grasim Industreis Ltd - India
  • Vitol - Bahrain
  • New Zealand Coal & Carbon
  • BRS Brokers - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • IHS Mccloskey Coal Group - USA
  • Barasentosa Lestari - Indonesia
  • Qatrana Cement - Jordan
  • PTC India Limited - India
  • Credit Suisse - India
  • McConnell Dowell - Australia
  • TeaM Sual Corporation - Philippines
  • GMR Energy Limited - India
  • Petrosea - Indonesia
  • The University of Queensland
  • Aboitiz Power Corporation - Philippines
  • Asia Cement - Taiwan
  • KEPCO - South Korea
  • ASAPP Information Group - India
  • Krishnapatnam Port Company Ltd. - India
  • SN Aboitiz Power Inc, Philippines
  • Directorate Of Revenue Intelligence - India
  • Clarksons - UK
  • Berau Coal - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • IBC Asia (S) Pte Ltd
  • CCIC - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Leighton Contractors Pty Ltd - Australia
  • ING Bank NV - Singapore
  • Cebu Energy, Philippines
  • Reliance Power - India
  • Altura Mining Limited, Indonesia
  • Indogreen Group - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • EIA - United States
  • Orica Australia Pty. Ltd.
  • Tata Power - India
  • Makarim & Taira - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • PetroVietnam Power Coal Import and Supply Company
  • Anglo American - United Kingdom
  • Indian School of Mines
  • Dalmia Cement Bharat India
  • Peabody Energy - USA
  • Latin American Coal - Colombia
  • Lafarge - France
  • Karbindo Abesyapradhi - Indoneisa
  • Thailand Anthracite
  • SMG Consultants - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Salva Resources Pvt Ltd - India
  • IOL Indonesia
  • J M Baxi & Co - India
  • SMC Global Power, Philippines
  • London Commodity Brokers - England
  • Platts
  • Arch Coal - USA
  • TANGEDCO India
  • Bhoruka Overseas - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Eastern Coal Council - USA
  • Thermax Limited - India
  • PLN Batubara - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Rashtriya Ispat Nigam Limited - India
  • BNP Paribas - Singapore
  • Coal India Limited
  • OPG Power Generation Pvt Ltd - India
  • Kobexindo Tractors - Indoneisa
  • Directorate General of MIneral and Coal - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • World Bank
  • Enel Italy
  • Cardiff University - UK
  • VISA Power Limited - India
  • Adaro Indonesia
  • Power Finance Corporation Ltd., India
  • Xindia Steels Limited - India
  • Tanito Harum - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Meralco Power Generation, Philippines
  • Wood Mackenzie - Singapore
  • Thomson Reuters GRC
  • Economic Council, Georgia
  • HSBC - Hong Kong
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Arutmin Indonesia
  • Formosa Plastics Group - Taiwan
  • GAC Shipping (India) Pvt Ltd
  • Mitra SK Pvt Ltd - India
  • PetroVietnam
  • Sucofindo - Indonesia
  • EMO - The Netherlands
  • Kapuas Tunggal Persada - Indonesia
  • OCBC - Singapore
  • GB Group - China
  • Baramulti Group, Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Borneo Indobara - Indonesia
  • Thai Mozambique Logistica
  • Bank of America
  • CESC Limited - India
  • Essar Steel Hazira Ltd - India
  • Maybank - Singapore
  • Runge Indonesia
  • Chamber of Mines of South Africa
  • Coalindo Energy - Indonesia
  • Energy Link Ltd, New Zealand
  • Romanian Commodities Exchange
  • Jatenergy - Australia
  • Iligan Light & Power Inc, Philippines
  • SRK Consulting
  • Kepco SPC Power Corporation, Philippines
  • Planning Commission, India
  • Chettinad Cement Corporation Ltd - India
  • Ince & co LLP
  • Humpuss - Indonesia
  • South Luzon Thermal Energy Corporation
  • Bhatia International Limited - India
  • Britmindo - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Noble Europe Ltd - UK
  • Straits Asia Resources Limited - Singapore
  • Panama Canal Authority
  • Sojitz Corporation - Japan
  • Karaikal Port Pvt Ltd - India
  • Metalloyd Limited - United Kingdom
  • Bukit Asam (Persero) Tbk - Indonesia
  • UBS Singapore
  • MEC Coal - Indonesia
  • Bangladesh Power Developement Board
  • RBS Sempra - UK
  • Fearnleys - India
  • Gujarat Mineral Development Corp Ltd - India
  • SUEK AG - Indonesia
  • Mitsui
  • Cosco
  • Freeport Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Trasteel International SA, Italy
  • Xstrata Coal
  • Sarangani Energy Corporation, Philippines
  • Electricity Generating Authority of Thailand
  • Therma Luzon, Inc, Philippines
  • Malabar Cements Ltd - India
  • Sakthi Sugars Limited - India
  • Surastha Cement
  • McKinsey & Co - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Permata Bank - Indonesia
  • PLN - Indonesia
  • Australian Coal Association
  • Mercator Lines Limited - India
  • Orica Mining Services - Indonesia
  • Japan Coal Energy Center
  • Global Business Power Corporation, Philippines
  • Central Java Power - Indonesia
  • Mitsubishi Corporation
  • Minerals Council of Australia
  • Rio Tinto Coal - Australia
  • UOB Asia (HK) Ltd
  • Mintek Dendrill Indonesia
  • Indian Energy Exchange, India
  • AsiaOL BioFuels Corp., Philippines
  • IEA Clean Coal Centre - UK
  • Coal Orbis AG
  • Edison Trading Spa - Italy
  • Semirara Mining Corp, Philippines
  • JPower - Japan
  • Samtan Co., Ltd - South Korea
  • Bulk Trading Sa - Switzerland
  • Sical Logistics Limited - India
  • WorleyParsons
  • Georgia Ports Authority, United States
  • Simpson Spence & Young - Indonesia
  • Bukit Makmur.PT - Indonesia
  • KOWEPO - South Korea
  • Idemitsu - Japan
  • Rudhra Energy - India
  • Bahari Cakrawala Sebuku - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Standard Chartered Bank - UAE
  • Ministry of Finance - Indonesia
  • Inco-Indonesia
  • Attock Cement Pakistan Limited
  • Ernst & Young Pvt. Ltd.
  • Coaltrans Conferences
  • CIMB Investment Bank - Malaysia
  • Inspectorate - India
  • Siam City Cement PLC, Thailand
  • Cement Manufacturers Association - India
  • ICICI Bank Limited - India
  • Meenaskhi Energy Private Limited - India
  • Jaiprakash Power Ventures ltd
  • Bank of China, Malaysia
  • The Treasury - Australian Government
  • TRAFIGURA, South Korea
  • Sindya Power Generating Company Private Ltd
  • Ambuja Cements Ltd - India
  • Madhucon Powers Ltd - India
  • Ministry of Mines - Canada
  • Star Paper Mills Limited - India
  • Petron Corporation, Philippines
  • TNPL - India
  • Neyveli Lignite Corporation Ltd, - India
  • Ministry of Transport, Egypt
  • Renaissance Capital - South Africa
  • Shree Cement - India
  • Jorong Barutama Greston.PT - Indonesia
  • Port Waratah Coal Services - Australia
  • Indian Oil Corporation Limited
  • Coal and Oil Company - UAE
  • APGENCO India
  • Indorama - Singapore
  • Pendopo Energi Batubara - Indonesia
  • Mercuria Energy - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Parliament of New Zealand
  • SASOL - South Africa
  • GNFC Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Russian Coal LLC
  • Lanco Infratech Ltd - India
  • Riau Bara Harum - Indonesia
  • bp singapore
  • Independent Power Producers Association of India
  • MS Steel International - UAE
  • PowerSource Philippines DevCo
  • Infraline Energy - India
  • KPCL - India
  • Maersk Broker
  • Kumho Petrochemical, South Korea
  • Mechel - Russia
  • SGS (Thailand) Limited
  • GHCL Limited - India
  • Deloitte Consulting - India
  • Maruti Cements - India
  • Aditya Birla Group - India
  • Commonwealth Bank - Australia
  • The India Cements Ltd
  • Bangkok Bank PCL
  • globalCOAL - UK
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Vale Mozambique
  • Moodys - Singapore
  • Banpu Public Company Limited - Thailand
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Vedanta Resources Plc - India
  • Larsen & Toubro Limited - India
  • Kartika Selabumi Mining - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Kaltim Prima Coal - Indonesia
  • Africa Commodities Group - South Africa
  • Barclays Capital - USA
  • Vizag Seaport Private Limited - India
  • Agrawal Coal Company - India
  • ANZ Bank - Australia
  • Price Waterhouse Coopers - Russia
  • Indonesia Power. PT
  • Gujarat Electricity Regulatory Commission - India
  • Mjunction Services Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • Glencore India Pvt. Ltd
  • Thriveni
  • Merrill Lynch Commodities Europe
  • PNOC Exploration Corporation - Philippines
  • Kobe Steel Ltd - Japan
  • Interocean Group of Companies - India
  • Tata Chemicals Ltd - India
  • KPMG - USA
  • Ind-Barath Power Infra Limited - India
  • Platou - Singapore
  • NALCO India
  • U S Energy Resources
  • Manunggal Multi Energi - Indonesia
  • Thiess Contractors Indonesia
  • Malco - India
  • Maheswari Brothers Coal Limited - India
  • DBS Bank - Singapore
  • San Jose City I Power Corp, Philippines
  • Sree Jayajothi Cements Limited - India
  • Jindal Steel & Power Ltd - India
  • Kalimantan Lumbung Energi - Indonesia
  • Coeclerici Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Energy Development Corp, Philippines
  • Coastal Gujarat Power Limited - India
  • ACC Limited - India
  • LBH Netherlands Bv - Netherlands
  • Marubeni Corporation - India
  • White Energy Company Limited
  • Videocon Industries ltd - India
  • Pinang Coal Indonesia
  • Antam Resourcindo - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Petrochimia International Co. Ltd.- Taiwan
  • Carbofer General Trading SA - India
  • Wilmar Investment Holdings
  • Total Coal South Africa
  • NTPC Limited - India
  • Adani Power Ltd - India
  • Indonesian Coal Mining Association
  • IMC Shipping - Singapore
  • India Bulls Power Limited - India
  • Posco Energy - South Korea
  • Cargill India Pvt Ltd
  • Cigading International Bulk Terminal - Indonesia