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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, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
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The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
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- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
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