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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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Friday, 01 April 11
DRY BULK MARKET WEAKENS ON SLOWER DEMAND, HOPES FOR MID-TERM REBOUND ON JAPANS RECONSTRUCTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected in the Baltic Dry Index (BDI) retreated for a third day yesterday, after staying flat on Monday, to end at 1,530 p ...
Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia
Challenger Deep Resources Corp.ha ...
Wednesday, 30 March 11
KPCL TO IMPORT ONE MILLION TONS OF 6300 GAD COAL
COALspot.com - Karnataka Power Corporation a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 Kcal/kg ...
Wednesday, 30 March 11
WIKA GRABS PROJECT FROM ADARO INDONESIA - INSIDER STORIES
One of Indonesia's largest thermal coal PT Adaro Indonesia has finally mandated PT Wijaya Karya Tbk (WIKA) as a contractor to install and manage ov ...
Tuesday, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck ...
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- Tamil Nadu electricity Board
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- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
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- VISA Power Limited - India
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- Toyota Tsusho Corporation, Japan
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- Posco Energy - South Korea
- White Energy Company Limited
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- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
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- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
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- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
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- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
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- Bhushan Steel Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
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- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
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- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
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- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Agrawal Coal Company - India
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
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- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- The University of Queensland
- GMR Energy Limited - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
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- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- PTC India Limited - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
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