COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
North P&IKNOWLEDGE 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.

Recent News

Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...


Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...


Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed. The opinion of the Sri Lankan atto ...


Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract". Under the deal, the firm ...


Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including  the stock markets. The main reason seems to be Chinese ne ...


   1202 1203 1204 1205 1206   
Showing 6016 to 6020 news of total 6871
News by Category
Popular News
 
Total Members : 28,701
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • PLN Batubara - Indonesia
  • Thomson Reuters GRC
  • PetroVietnam Power Coal Import and Supply Company
  • TGV SRAAC LIMITED, India
  • World Coal - UK
  • The State Trading Corporation of India Ltd
  • Leighton Contractors Pty Ltd - Australia
  • Bahari Cakrawala Sebuku - Indonesia
  • Runge Indonesia
  • Star Paper Mills Limited - India
  • Georgia Ports Authority, United States
  • Aboitiz Power Corporation - Philippines
  • Vitol - Bahrain
  • SMC Global Power, Philippines
  • Geoservices-GeoAssay Lab
  • KPMG - USA
  • UBS Singapore
  • Shenhua Group - China
  • Noble Europe Ltd - UK
  • Kohat Cement Company Ltd. - Pakistan
  • Independent Power Producers Association of India
  • Makarim & Taira - Indonesia
  • SASOL - South Africa
  • Riau Bara Harum - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Directorate Of Revenue Intelligence - India
  • Holcim Trading Pte Ltd - Singapore
  • Sojitz Corporation - Japan
  • Dalmia Cement Bharat India
  • Bank of America
  • Alfred C Toepfer International GmbH - Germany
  • Latin American Coal - Colombia
  • Arutmin Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Indonesian Coal Mining Association
  • Bukit Asam (Persero) Tbk - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Global Coal Blending Company Limited - Australia
  • Clarksons - UK
  • Xstrata Coal
  • Directorate General of MIneral and Coal - Indonesia
  • Parliament of New Zealand
  • Ambuja Cements Ltd - India
  • NALCO India
  • Cigading International Bulk Terminal - Indonesia
  • VISA Power Limited - India
  • Arch Coal - USA
  • Agrawal Coal Company - India
  • GN Power Mariveles Coal Plant, Philippines
  • Petrosea - Indonesia
  • Edison Trading Spa - Italy
  • Coal and Oil Company - UAE
  • Ind-Barath Power Infra Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • TNPL - India
  • Salva Resources Pvt Ltd - India
  • Electricity Authority, New Zealand
  • Mitsubishi Corporation
  • Ministry of Mines - Canada
  • Simpson Spence & Young - Indonesia
  • Coaltrans Conferences
  • LBH Netherlands Bv - Netherlands
  • Toyota Tsusho Corporation, Japan
  • Africa Commodities Group - South Africa
  • Central Java Power - Indonesia
  • TANGEDCO India
  • Cardiff University - UK
  • Permata Bank - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Deutsche Bank - India
  • Karaikal Port Pvt Ltd - India
  • Enel Italy
  • AsiaOL BioFuels Corp., Philippines
  • RBS Sempra - UK
  • ANZ Bank - Australia
  • Pipit Mutiara Jaya. PT, Indonesia
  • The University of Queensland
  • Argus Media - Singapore
  • Indonesia Power. PT
  • Tamil Nadu electricity Board
  • Wood Mackenzie - Singapore
  • Mercuria Energy - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Electricity Generating Authority of Thailand
  • World Bank
  • Central Electricity Authority - India
  • Coeclerici Indonesia
  • Economic Council, Georgia
  • GNFC Limited - India
  • Kepco SPC Power Corporation, Philippines
  • Total Coal South Africa
  • Samtan Co., Ltd - South Korea
  • Deloitte Consulting - India
  • Minerals Council of Australia
  • Commonwealth Bank - Australia
  • Thailand Anthracite
  • Australian Commodity Traders Exchange
  • Reliance Power - India
  • CESC Limited - India
  • Manunggal Multi Energi - Indonesia
  • Eastern Coal Council - USA
  • Indogreen Group - Indonesia
  • Vedanta Resources Plc - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Tanito Harum - Indonesia
  • GB Group - China
  • Essar Steel Hazira Ltd - India
  • Cebu Energy, Philippines
  • Banpu Public Company Limited - Thailand
  • CIMB Investment Bank - Malaysia
  • Bhoruka Overseas - Indonesia
  • Antam Resourcindo - Indonesia
  • Bangkok Bank PCL
  • Jindal Steel & Power Ltd - India
  • McConnell Dowell - Australia
  • Karbindo Abesyapradhi - Indoneisa
  • Asia Cement - Taiwan
  • OCBC - Singapore
  • Bukit Makmur.PT - Indonesia
  • Planning Commission, India
  • IBC Asia (S) Pte Ltd
  • Bhushan Steel Limited - India
  • Cosco
  • Ernst & Young Pvt. Ltd.
  • Lanco Infratech Ltd - India
  • Ince & co LLP
  • Jatenergy - Australia
  • Uttam Galva Steels Limited - India
  • Indorama - Singapore
  • Indian School of Mines
  • Metalloyd Limited - United Kingdom
  • Bukit Baiduri Energy - Indonesia
  • India Bulls Power Limited - India
  • Lafarge - France
  • Bayan Resources Tbk. - Indonesia
  • Vale Mozambique
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Thermax Limited - India
  • Baramulti Group, Indonesia
  • Gujarat Sidhee Cement - India
  • U S Energy Resources
  • BRS Brokers - Singapore
  • Platou - Singapore
  • Videocon Industries ltd - India
  • Indian Energy Exchange, India
  • Mjunction Services Limited - India
  • Carbofer General Trading SA - India
  • MS Steel International - UAE
  • Romanian Commodities Exchange
  • IEA Clean Coal Centre - UK
  • Gujarat Electricity Regulatory Commission - India
  • White Energy Company Limited
  • Orica Australia Pty. Ltd.
  • Britmindo - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • McKinsey & Co - India
  • European Bulk Services B.V. - Netherlands
  • Bharathi Cement Corporation - India
  • Sical Logistics Limited - India
  • Barasentosa Lestari - Indonesia
  • Marubeni Corporation - India
  • Goldman Sachs - Singapore
  • IHS Mccloskey Coal Group - USA
  • Bangladesh Power Developement Board
  • Thriveni
  • Japan Coal Energy Center
  • Vizag Seaport Private Limited - India
  • Kideco Jaya Agung - Indonesia
  • Xindia Steels Limited - India
  • Chamber of Mines of South Africa
  • APGENCO India
  • Surastha Cement
  • Merrill Lynch Commodities Europe
  • Bulk Trading Sa - Switzerland
  • Krishnapatnam Port Company Ltd. - India
  • Adani Power Ltd - India
  • Panama Canal Authority
  • Freeport Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Berau Coal - Indonesia
  • EIA - United States
  • Infraline Energy - India
  • SMG Consultants - Indonesia
  • Meralco Power Generation, Philippines
  • Formosa Plastics Group - Taiwan
  • Medco Energi Mining Internasional
  • Mitsui
  • Billiton Holdings Pty Ltd - Australia
  • London Commodity Brokers - England
  • Petron Corporation, Philippines
  • Thiess Contractors Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Malabar Cements Ltd - India
  • Cargill India Pvt Ltd
  • Oldendorff Carriers - Singapore
  • Mercator Lines Limited - India
  • Sree Jayajothi Cements Limited - India
  • Intertek Mineral Services - Indonesia
  • Cemex - Philippines
  • KPCL - India
  • Kaltim Prima Coal - Indonesia
  • Core Mineral Indonesia
  • Renaissance Capital - South Africa
  • SUEK AG - Indonesia
  • SGS (Thailand) Limited
  • UOB Asia (HK) Ltd
  • Sakthi Sugars Limited - India
  • Moodys - Singapore
  • Kapuas Tunggal Persada - Indonesia
  • Malco - India
  • Straits Asia Resources Limited - Singapore
  • ETA - Dubai
  • Globalindo Alam Lestari - Indonesia
  • South Luzon Thermal Energy Corporation
  • Bank of China, Malaysia
  • PTC India Limited - India
  • Inspectorate - India
  • Maheswari Brothers Coal Limited - India
  • Glencore India Pvt. Ltd
  • Ceylon Electricity Board - Sri Lanka
  • GMR Energy Limited - India
  • Coal Orbis AG
  • Aditya Birla Group - India
  • Grasim Industreis Ltd - India
  • Merrill Lynch Bank
  • Adaro Indonesia
  • Jaiprakash Power Ventures ltd
  • Maruti Cements - India
  • Global Business Power Corporation, Philippines
  • Rio Tinto Coal - Australia
  • Qatrana Cement - Jordan
  • Maersk Broker
  • Gujarat Mineral Development Corp Ltd - India
  • Port Waratah Coal Services - Australia
  • Tata Chemicals Ltd - India
  • Larsen & Toubro Limited - India
  • Orica Mining Services - Indonesia
  • Humpuss - Indonesia
  • Gresik Semen - Indonesia
  • Energy Link Ltd, New Zealand
  • Coastal Gujarat Power Limited - India
  • Credit Suisse - India
  • Energy Development Corp, Philippines
  • IOL Indonesia
  • Indo Tambangraya Megah - Indonesia
  • ING Bank NV - Singapore
  • Coal India Limited
  • Shree Cement - India
  • Therma Luzon, Inc, Philippines
  • MEC Coal - Indonesia
  • NTPC Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Peabody Energy - USA
  • Siam City Cement PLC, Thailand
  • Siam City Cement - Thailand
  • DBS Bank - Singapore
  • Anglo American - United Kingdom
  • CNBM International Corporation - China
  • J M Baxi & Co - India
  • PetroVietnam
  • Binh Thuan Hamico - Vietnam
  • EMO - The Netherlands
  • PowerSource Philippines DevCo
  • WorleyParsons
  • International Coal Ventures Pvt Ltd - India
  • Bhatia International Limited - India
  • San Jose City I Power Corp, Philippines
  • Parry Sugars Refinery, India
  • Tata Power - India
  • Idemitsu - Japan
  • Vijayanagar Sugar Pvt Ltd - India
  • Samsung - South Korea
  • Russian Coal LLC
  • ICICI Bank Limited - India
  • ASAPP Information Group - India
  • Inco-Indonesia
  • Mintek Dendrill Indonesia
  • Indian Oil Corporation Limited
  • Heidelberg Cement - Germany
  • ACC Limited - India
  • Kobexindo Tractors - Indoneisa
  • Attock Cement Pakistan Limited
  • Miang Besar Coal Terminal - Indonesia
  • globalCOAL - UK
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Chettinad Cement Corporation Ltd - India
  • BNP Paribas - Singapore
  • The Treasury - Australian Government
  • Power Finance Corporation Ltd., India
  • Eastern Energy - Thailand
  • Mechel - Russia
  • GVK Power & Infra Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Thai Mozambique Logistica
  • OPG Power Generation Pvt Ltd - India
  • Asian Development Bank
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Singapore Mercantile Exchange
  • Pendopo Energi Batubara - Indonesia
  • Australian Coal Association
  • Meenaskhi Energy Private Limited - India
  • KEPCO - South Korea
  • SRK Consulting
  • JPMorgan - India
  • Ministry of Transport, Egypt
  • TeaM Sual Corporation - Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Standard Chartered Bank - UAE
  • New Zealand Coal & Carbon
  • Iligan Light & Power Inc, Philippines
  • CCIC - Indonesia
  • Maybank - Singapore
  • Pinang Coal Indonesia
  • JPower - Japan
  • Sucofindo - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • TRAFIGURA, South Korea
  • Sindya Power Generating Company Private Ltd
  • Mitra SK Pvt Ltd - India
  • Madhucon Powers Ltd - India
  • bp singapore
  • Neyveli Lignite Corporation Ltd, - India
  • SN Aboitiz Power Inc, Philippines
  • Sarangani Energy Corporation, Philippines
  • Kumho Petrochemical, South Korea
  • Price Waterhouse Coopers - Russia
  • The India Cements Ltd
  • Platts
  • Wilmar Investment Holdings
  • Barclays Capital - USA
  • CoalTek, United States
  • GHCL Limited - India
  • Cement Manufacturers Association - India
  • Interocean Group of Companies - India
  • Semirara Mining Corp, Philippines
  • Kartika Selabumi Mining - Indonesia
  • KOWEPO - South Korea
  • Trasteel International SA, Italy
  • Indika Energy - Indonesia
  • Coalindo Energy - Indonesia
  • Fearnleys - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Savvy Resources Ltd - HongKong
  • Borneo Indobara - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Ministry of Finance - Indonesia
  • IMC Shipping - Singapore
  • Posco Energy - South Korea
  • PLN - Indonesia
  • Altura Mining Limited, Indonesia
  • HSBC - Hong Kong
  • Kobe Steel Ltd - Japan
  • Rudhra Energy - India
  • Gupta Coal India Ltd