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, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.    According to the new HBA regulation No. 41.K/MB.0 ...


Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...


Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...


Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...


Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...


   24 25 26 27 28   
Showing 126 to 130 news of total 6871
News by Category
Popular News
 
Total Members : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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