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Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
 KNOWLEDGE TO ELEVATE
In a recent London Arbitration decision (18/17) the Tribunal had to consider whether the owners were entitled to recover additional expenses incurred in complying with charterers’ orders to stop loading operations.
The Facts
The vessel was voyage chartered for a voyage from the USA to Venezuela. Upon arrival at the load port, loading commenced. When charterers became aware of this they ordered the loading to stop. Loading did not then recommence until four days later. Owners claimed from charterers the additional dockage, security and guards’ expenses incurred as a result of the four day interruption to loading.
The Load Port Expenses
In respect of the additional load port expenses, the Tribunal held that the allocation of such expenses would usually fall to owners under the charterparty terms. This was because the charterers were entitled to use the laytime as they wished and so it followed that the associated expenses had to lie where they fell, i.e. with the owners. However, the Tribunal accepted evidence from the owners that an oral agreement had been reached between the owners and the charterers that charterers had agreed to pay the owners’ invoice in full, which included the additional port expenses. It was, therefore, as a result of this additional oral agreement that the Tribunal ordered the charterers to pay the additional port expenses to the owners. Without this oral agreement, which changed the terms of the charterparty, the owners would not have received any compensation for the additional load port expenses incurred as a result of the four day delay.
A Reminder
It is worth reminding owners that charterers do have an absolute right to use the given laytime as they see fit. There is no duty on them to load or discharge faster than the given laytime. Therefore, if a charterer orders the vessel to stop cargo operations when laytime is running, the port expenses incurred during the stop will usually be for owners. This is unless a specific clause (or additional oral or written agreement on this point) can be agreed between the owners and the charterers to the contrary.
Source: North of England P&I Club
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Wednesday, 26 October 11
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COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Res ...
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CHINA QINHUANGDAO COAL PRICE RISES TO HIGHEST IN THREE YEARS - BUSINESSWEEK
Business week reported that, China’s power-station coal price rose to the highest level in three years as power stations and central heating p ...
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Showing 5011 to 5015 news of total 6871 |
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- Neyveli Lignite Corporation Ltd, - India
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- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
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- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
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- Anglo American - United Kingdom
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- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
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- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Ministry of Mines - Canada
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- IEA Clean Coal Centre - UK
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- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
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- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Planning Commission, India
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- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
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- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
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- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
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- Bulk Trading Sa - Switzerland
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- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
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- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
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- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
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- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- The University of Queensland
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
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- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
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- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
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- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
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- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
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- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
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- IHS Mccloskey Coal Group - USA
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- Ministry of Transport, Egypt
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- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- PTC India Limited - India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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