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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, 12 July 11
DRY BULK MARKET BEGINS WEEK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was evident by the end of the previous week, the dry bulk market’s growth momentum was about to lose steam, something proven yesterday, whe ...
Monday, 11 July 11
REFLECTIONS ON THE FLEET REACHING ONE BILLION TONNES - CLARKSONS / HELLENIC SHIPPING
“A billion gross tonnes of shipping” has a nice ring to it. It presents the industry as a business of substance, with its 85,000 ships w ...
Sunday, 10 July 11
UNTR PROVIDES US$100 MIO TO TTA - INSIDER STORIES
PT United Tractors Tbk (UNTR) agreed to allocate US$100 million to its coal subsidiary dubbed PT Tuah Turangga Agung (TTA).The US$100 million was pa ...
Sunday, 10 July 11
HARDLY ANY CARGO FROM WC INDIA UNTIL END OF MONSOONS - VISTAAR
COALspot.com - The BDI continued to hold last week and firmed up by 27 points with cape and panama index supporting the BDI.
The BDI closed at 1, ...
Sunday, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam T ...
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- Thiess Contractors Indonesia
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- Australian Coal Association
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- Eastern Energy - Thailand
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- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
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- The University of Queensland
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- Intertek Mineral Services - Indonesia
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- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Siam City Cement - Thailand
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- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
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- Leighton Contractors Pty Ltd - Australia
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- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
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- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
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- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
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- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
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- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
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- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
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- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
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- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Planning Commission, India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- ICICI Bank Limited - India
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- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
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- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
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