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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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Thursday, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
Friday, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono said during McCloskey Asia P ...
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- Bangladesh Power Developement Board
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- Parliament of New Zealand
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Ambuja Cements Ltd - India
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- Mercuria Energy - Indonesia
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- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
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- Wood Mackenzie - Singapore
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- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
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- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
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- Rio Tinto Coal - Australia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- The University of Queensland
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- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
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- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
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- Chamber of Mines of South Africa
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- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
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- Formosa Plastics Group - Taiwan
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- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
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- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
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- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
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- Economic Council, Georgia
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- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
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- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Planning Commission, India
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- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
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- Sree Jayajothi Cements Limited - India
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- Eastern Energy - Thailand
- Mjunction Services Limited - India
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- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
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