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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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Saturday, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
Wednesday, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...
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- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Australian Coal Association
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
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