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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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Monday, 09 May 11
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PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
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- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- The University of Queensland
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Australian Coal Association
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
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