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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
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
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- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Planning Commission, India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
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