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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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Tuesday, 08 March 11
US$ 8 BILLION WORTH OF INFRASTRUCTURE PROJECTS IN PIPELINE IN INDONESIA - WOOD MACKENZIE
India’s Increasing Demand for Thermal Coal Cannot Be Satisfied Without Emerging Coal Areas in Indonesia - Wood Mackenzie
At Coa ...
Tuesday, 08 March 11
INDIA'S VEDANTA TO ACQUIRE COAL MINES IN OVERSEAS
COALspot.com - India's Vedanta group is also looking at long-term off take agreements and possible acquire of coal mines overseas, the official sai ...
Tuesday, 08 March 11
MINERS SAY VALUE-ADDED LAW WILL HURT IN THE LONG RUN - THE JAKARTA GLOBE
The Jakarta Globe reported that, Government plans to require miners to give added value to their exported commodities could end up costing the count ...
Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South Amer ...
Sunday, 06 March 11
THE S6 ROUTE MAY CONTINUE TO BE FIRM - VISTAAR
COALspot.com - The freight market was firm this week with all indices up. The BDI , Cape Index and Panamax index was up by almost 9 pct where as Sup ...
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- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Chamber of Mines of South Africa
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- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
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- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
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- The University of Queensland
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- Indogreen Group - Indonesia
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- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
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- Ministry of Mines - Canada
- Independent Power Producers Association of India
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- Directorate General of MIneral and Coal - Indonesia
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- Energy Link Ltd, New Zealand
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- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
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- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- White Energy Company Limited
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Central Electricity Authority - India
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
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- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
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- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
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- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
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