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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, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
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Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
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Showing 5611 to 5615 news of total 6871 |
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- PNOC Exploration Corporation - Philippines
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- Altura Mining Limited, Indonesia
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- Samtan Co., Ltd - South Korea
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- Coal and Oil Company - UAE
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- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
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- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- CNBM International Corporation - China
- Tata Chemicals Ltd - India
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- OPG Power Generation Pvt Ltd - India
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- Indian Energy Exchange, India
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- Uttam Galva Steels Limited - India
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- Parry Sugars Refinery, India
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- Ind-Barath Power Infra Limited - India
- Australian Coal Association
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- Marubeni Corporation - India
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- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
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- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
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- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
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- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- MS Steel International - UAE
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
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- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
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- Global Business Power Corporation, Philippines
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- Intertek Mineral Services - Indonesia
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- Petron Corporation, Philippines
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- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
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- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
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- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
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- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
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- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
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- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
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- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
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- Anglo American - United Kingdom
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- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
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- Petrochimia International Co. Ltd.- Taiwan
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- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
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- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
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- Wood Mackenzie - Singapore
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- Economic Council, Georgia
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- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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