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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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Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
Friday, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT
The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a ...
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- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- White Energy Company Limited
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- PTC India Limited - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Marubeni Corporation - India
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