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

Wednesday, 20 April 11
TNPL SECURED 160K MT OF COAL WITH CALORIFIC VALUE 6000 GAD AT US$ 93.44 PMT
COALspot.com - Delhi based Knowledge Infrastructure Systems Pvt. Ltd once again offered the lowest price of US$ 93.44 per metric ton for calorific v ...


Wednesday, 20 April 11
TSI LAUNCHES GEO-COAL UPGRADING TECHNOLOGY
Simple yet effective process boosts calorific value of low rank coal to provide lower cost energy across the world. Press Release - Total Sinergy ...


Wednesday, 20 April 11
ADARO TO PAY OUT RP 970B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, the annual shareholders meeting of coal producer PT Adaro Energy on Wednesday agreed on the disbursement of Rp 970.7 ...


Wednesday, 20 April 11
INDIA IMPORTS MORE COAL FROM INDONESIA
COALspot.com -  Indonesian coal exports jumped 23.31 percent  during March 2011. The world’s largest coal exporter shipped  27, ...


Tuesday, 19 April 11
LONDON COMMODITY BROKERS OPENS JOHANNESBURG OFFICE
COALspot.com - London Commodity Brokers (LCB), a broking house specialising in bulk physical and Over-The-Counter commodities and options (coal ...


   1058 1059 1060 1061 1062   
Showing 5296 to 5300 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 ...

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