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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, 21 February 11
CHURCHILL MINING RECEIVES SIGNIFICANT INTEREST, PROPOSALS TO DEVELOP EAST KUTAI COAL PROJECT - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining has received a number of specific proposals to fund and develop its massive East Kutai coa ...
Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry ha ...
Saturday, 19 February 11
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market was quite firm this week with freight rates in South east asia and India/Feast almost up by 30 pct.
However towards end ...
Thursday, 17 February 11
COAL-GEN EUROPE 2011 REAFFIRMS THE IMPORTANCE OF COAL
Press Release: The third COAL-GEN Europe conference and exhibition, kicked off on Tuesday 15 February, with leading experts, professionals and compa ...
Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
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- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Bhatia International Limited - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
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