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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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Wednesday, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
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Wednesday, 20 January 10
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Wednesday, 20 January 10
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Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
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Tuesday, 19 January 10
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COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
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- Energy Development Corp, Philippines
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- Kaltim Prima Coal - Indonesia
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- New Zealand Coal & Carbon
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- Economic Council, Georgia
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- Price Waterhouse Coopers - Russia
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- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
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- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
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- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
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- Leighton Contractors Pty Ltd - Australia
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- Sindya Power Generating Company Private Ltd
- Australian Coal Association
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- Chettinad Cement Corporation Ltd - India
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- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
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- Commonwealth Bank - Australia
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- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
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- The State Trading Corporation of India Ltd
- Planning Commission, India
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- Parliament of New Zealand
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- GVK Power & Infra Limited - India
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- Independent Power Producers Association of India
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- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
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- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Coal and Oil Company - UAE
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- Global Green Power PLC Corporation, Philippines
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- Ministry of Transport, Egypt
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- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
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