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Thursday, 08 December 22
BIMCO TO REVISE WAR RISK CLAUSES
Work to revise the BIMCO War Cancellation Clause 2004, the BIMCO War Risks Clause for Time Chartering 2013 (CONWARTIME 2013) and the BIMCO War Risks Clause for Voyage Chartering 2013 (VOYWAR 2013) clauses has begun, and the subcommittee has just had its third meeting.
BIMCO has established a subcommittee to review the BIMCO War Cancellation Clause 2004, the BIMCO War Risks Clause for Time Chartering 2013 (CONWARTIME 2013) and the BIMCO War Risks Clause for Voyage Chartering 2013 (VOYWAR 2013). Generally, charter parties contain war clauses which are also known as “War Risk Clauses” and from time to time also the war cancellation clause is included. It is important that these clauses reflect the nature of modern conflicts, and the subcommittee has started discussing this topic and whether amendments are needed to update the clauses.
At its first meeting, the subcommittee discussed the scope and objectives of the project. The general experience is that the clauses are applied unamended and that they work well since the last revision of the clause. During the last revision of CONWARTIME 2013 and VOYWAR 2013, changes in case law in particular the “Triton Lark”, the development in trading practices and the experience on demands for specialist cover brought a need to adjust the definitions of the clause. Now, about 10 years later since the last revision, and as the geopolitical landscape does not stay status quo, the subcommittee will consider whether a revision of the current wording would be relevant and beneficial to the industry. Furthermore, the subcommittee will focus on ensuring that the clauses remain commercially workable and fit today’s needs of the industry. At the following meeting, the subcommittee discussed the war risk insurance aspects, both in terms of cover and the responsible party to pay the premium.
Members of the subcommittee are Natalya Skjelmose (Norden), Anders G. Hovelsrud (DNK), Dirk Janssen (Nordisk), Dorte Nielsen (Centurion Bank), Henning Babiel (ADM), Neil Roberts (Joint War Committee), Nicola Cox (West), Richard Neylon (HFW), Richard Young (Beazley).
Source: BIMCO
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Thursday, 26 January 23
AUSTRALIA'S CORONADO GLOBAL SEES COAL PRICES RISING ON RESUMING CHINA IMPORTS - REUTERS
Australia’s Coronado Global Resources said on Tuesday resuming metallurgical coal imports to China would likely push sea-borne coal prices hi ...
Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
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Showing 146 to 150 news of total 6871 |
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- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- The University of Queensland
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Australian Coal Association
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
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