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 : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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