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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, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
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- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
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- Planning Commission, India
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- Sojitz Corporation - Japan
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- The State Trading Corporation of India Ltd
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- Eastern Coal Council - USA
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- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
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- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
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- Trasteel International SA, Italy
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- Price Waterhouse Coopers - Russia
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- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
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- Parliament of New Zealand
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- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
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- Central Electricity Authority - India
- Australian Coal Association
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- London Commodity Brokers - England
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- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
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- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- The University of Queensland
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- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
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- Power Finance Corporation Ltd., India
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- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
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- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Thai Mozambique Logistica
- Bangladesh Power Developement Board
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- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
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- VISA Power Limited - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
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- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
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- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
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- Grasim Industreis Ltd - India
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- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
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