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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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Monday, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are una ...
Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expe ...
Monday, 25 January 10
DUQM IWPP'S COAL REQUIREMENTS PROJECTED AT 3MT PER YEAR
Oman's first coal-fired Independent Water and Power Project (IWPP) planned at Duqm is envisaged to have a feedstock requirement of around 3 million ...
Monday, 25 January 10
THE FUTURES FOR CAPE, PANAMAX AND SUPRAMAX FOR THREE YEARS (2010 - 2012) WAS AT AROUND US$ 32,000, US$ 20,000 AND US$ 17,000 PER DAY RESPECTIVELY
COALspot.com ( Singapore): The freight market remained flat this week the market slight soft.
BDI INDEX
The BDI was down by 95 points and closed ...
Saturday, 23 January 10
COAL CAMARADERIE
Union coal minister Shriprakash Jaiswal feels Asian countries should join hands in developing minerals, particularly coal.
At the third Asian Min ...
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- Alfred C Toepfer International GmbH - Germany
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- The University of Queensland
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- Eastern Coal Council - USA
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- New Zealand Coal & Carbon
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- IEA Clean Coal Centre - UK
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- Price Waterhouse Coopers - Russia
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- Jorong Barutama Greston.PT - Indonesia
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- The State Trading Corporation of India Ltd
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- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
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- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
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- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
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- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
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- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
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- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
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- PTC India Limited - India
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
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- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
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- MS Steel International - UAE
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- Georgia Ports Authority, United States
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- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
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- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Parliament of New Zealand
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
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- Deloitte Consulting - India
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
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- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
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- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
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- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
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- Australian Coal Association
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- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
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