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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, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
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- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- PTC India Limited - India
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- The University of Queensland
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Planning Commission, India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Parliament of New Zealand
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- ICICI Bank Limited - India
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Australian Coal Association
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
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