We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
|
|
|
Showing 5881 to 5885 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- The University of Queensland
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Planning Commission, India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Australian Coal Association
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
|
| |
| |
|