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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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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- White Energy Company Limited
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
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