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
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
North P&IKNOWLEDGE 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


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...


Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...


Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...


Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...


Wednesday, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are co ...


   1044 1045 1046 1047 1048   
Showing 5226 to 5230 news of total 6871
News by Category
Popular News
 
Total Members : 28,700
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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