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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, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
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Wednesday, 16 December 09
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Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
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- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- The University of Queensland
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- White Energy Company Limited
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
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