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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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Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
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- Bangladesh Power Developement Board
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- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
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- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
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- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Price Waterhouse Coopers - Russia
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- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- PTC India Limited - India
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- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
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- Intertek Mineral Services - Indonesia
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- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
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- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- The University of Queensland
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- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Singapore Mercantile Exchange
- Australian Coal Association
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
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