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
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCOBIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can ensure the charterers’ uninterrupted use of a ship if the owner defaults under the financing facility.
 
The QELs will be provided by the lender to the charterer to ensure that the charterer, who does not have a contractual relationship with the lender but only with the owner, can continue to “quietly enjoy” the ship in case of the owner’s default.
 
In return, the charterer gives a certain number of undertakings, including not to cancel the charter party and to continue to pay amounts due under the charter party. The QELs also offer lenders an opportunity to secure their rights, such as appointing a replacement owner in case of a default.
 
“The two new forms fill a gap in the market where no such standard form is currently available. They are distinct because they are beneficial to charterers, lenders and owners,” says Nicholas Fell, Chairperson of BIMCO’s Documentary Committee.
 
The QELs have been developed in a collaborative process involving representatives of owners (Wah Kwong and Oldendorff Carriers), charterers (BHP and Noble Resources International), lenders (Danish Ship Finance), leasing institutions (CMB Financial Leasing Co. Ltd.) and legal experts (Linklaters LLP and Holland & Knight LLP).
 
“The objective of the subcommittee in charge of the project was to create a balanced standard that reflects market practice and fairly represents the rights and obligations of all parties,” says Catherine Smith, Chairperson of the BIMCO QEL subcommittee.
 
Two versions of the QEL have been developed: a standard quiet enjoyment letter signed by the lender and agreed by the owner and charterer, and a “short form” version which is signed only by the lender.
 
The QELs have been drafted for use with bareboat and time charter parties, as well as ship leasing structures, and complement BIMCO’s existing portfolio of term sheets for ship financing and ship sale and leaseback transactions which includes the SHIPTERM, SHIPTERM S and SHIPLEASE term sheets.
Source: BIMCO


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand  Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...


Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...


Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...


Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...


Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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