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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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Sunday, 17 April 11
ADARO TO PROPOSE US$75 MILLION DIVIDEND
COALspot.com - One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) is keen to propose a final dividend of US$75 million or Rp 20.17 (U ...
Saturday, 16 April 11
TNPL RECEIVES 1.6MT OF COAL OFFERS - SOURCES
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its 160,000 MT coal inquiry today.
More than a half a dozen of Indian coal t ...
Friday, 15 April 11
DRY BULK MARKET KEEPS ON FALLING, ON LOW DEMAND AND HIGH SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its falling patern this week, with the industry’s benchmark, the Baltic Dry Index (BDI) retreating again yesterda ...
Thursday, 14 April 11
SUPRAS IN N.CHINA GET CLOSE TO $12000 FOR TRIPS VIA INDONESIA TO INDIA - FEARNBULK
Handy
The Atlantic market remains flat - very little new/fresh business and slow activity. Considerable prompt tonnage remains unfixed. The USG pa ...
Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Mjunction Services Limited - India
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- The University of Queensland
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
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