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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, 15 February 11
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To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
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Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
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- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
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- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
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- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
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- London Commodity Brokers - England
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- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
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- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
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- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- The University of Queensland
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- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
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- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
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- Economic Council, Georgia
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- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Thai Mozambique Logistica
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- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
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- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Parliament of New Zealand
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
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- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Attock Cement Pakistan Limited
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- Siam City Cement - Thailand
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- Minerals Council of Australia
- PowerSource Philippines DevCo
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- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
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