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Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
 BIMCO 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
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Monday, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired ge ...
Monday, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
Wednesday, 19 October 22
WHAT WILL THE GAS MARKET LOOK LIKE IN A NET ZERO WORLD? - WOOD MACKENZIE
The global gas and LNG market faces a number of ‘great unknowns’. With the market in turmoil uncertainty abounds – from the scale ...
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- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- White Energy Company Limited
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
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