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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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Thursday, 20 January 22
CHINESE COAL JUMPS OVER 6% ON PRE-HOLIDAY SUPPLY WORRY - REUTERS
China’s thermal coal futures soared more than 6% on Wednesday, hitting a level last seen in late November as investors grew concerned over ti ...
Thursday, 20 January 22
VIETNAM: COAL SECTOR SEES POSITIVE PROSPECT IN 2022 - VNA
With many signs of rising demand for coal in various economic sectors in 2022, the Vietnam National Coal – Mineral Industries Group (Vinacomi ...
Wednesday, 19 January 22
MARKET INSIGHT - INTERMODAL
Since the beginning of the year, we have been witnessing the BDI correcting downwards with sizable drops across all segments. Latest similar levels ...
Sunday, 09 January 22
INDONESIA MINISTER SAYS 'EMERGENCY OVER' ON COAL SUPPLY CRUNCH - REUTERS
Indonesia’s power emergency which has triggered a coal export ban is over but the government will still continue to discuss policies in this ...
Wednesday, 05 January 22
CHINA COAL FUTURES SURGE ON SUPPLY WORRIES AMID INDONESIA EXPORT BAN - REUTERS
China’s thermal coal futures surged by as much as 7.8per cent to kick off 2022 on concerns of supply disruptions after Indonesia, its biggest ...
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- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- The University of Queensland
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
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