COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
North P&IKNOWLEDGE 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


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November. After a sedate year, rising coal prices could hit the coffers of import-based d ...


Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...


Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...


Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...


Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...


   1237 1238 1239 1240 1241   
Showing 6191 to 6195 news of total 6871
News by Category
Popular News
 
Total Members : 28,701
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Barasentosa Lestari - Indonesia
  • Global Business Power Corporation, Philippines
  • Shenhua Group - China
  • Jatenergy - Australia
  • TANGEDCO India
  • KPCL - India
  • Aboitiz Power Corporation - Philippines
  • Gujarat Electricity Regulatory Commission - India
  • Moodys - Singapore
  • Medco Energi Mining Internasional
  • Indian School of Mines
  • Cosco
  • Berau Coal - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • SN Aboitiz Power Inc, Philippines
  • Georgia Ports Authority, United States
  • Iligan Light & Power Inc, Philippines
  • Indorama - Singapore
  • Larsen & Toubro Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Holcim Trading Pte Ltd - Singapore
  • Thermax Limited - India
  • Kartika Selabumi Mining - Indonesia
  • Indonesian Coal Mining Association
  • Formosa Plastics Group - Taiwan
  • Credit Suisse - India
  • Aditya Birla Group - India
  • Straits Asia Resources Limited - Singapore
  • Mechel - Russia
  • Maruti Cements - India
  • Cement Manufacturers Association - India
  • Gresik Semen - Indonesia
  • Posco Energy - South Korea
  • Mjunction Services Limited - India
  • McConnell Dowell - Australia
  • Maersk Broker
  • GMR Energy Limited - India
  • GHCL Limited - India
  • Jaiprakash Power Ventures ltd
  • Bulk Trading Sa - Switzerland
  • Coastal Gujarat Power Limited - India
  • Videocon Industries ltd - India
  • ING Bank NV - Singapore
  • Independent Power Producers Association of India
  • Cemex - Philippines
  • Sindya Power Generating Company Private Ltd
  • Mintek Dendrill Indonesia
  • Arch Coal - USA
  • Britmindo - Indonesia
  • Minerals Council of Australia
  • Inspectorate - India
  • VISA Power Limited - India
  • KOWEPO - South Korea
  • Savvy Resources Ltd - HongKong
  • Meenaskhi Energy Private Limited - India
  • Goldman Sachs - Singapore
  • Vedanta Resources Plc - India
  • Karbindo Abesyapradhi - Indoneisa
  • Qatrana Cement - Jordan
  • Bhoruka Overseas - Indonesia
  • TNPL - India
  • Star Paper Mills Limited - India
  • Freeport Indonesia
  • Tata Power - India
  • Madhucon Powers Ltd - India
  • Malabar Cements Ltd - India
  • Commonwealth Bank - Australia
  • Kaltim Prima Coal - Indonesia
  • SUEK AG - Indonesia
  • Asia Cement - Taiwan
  • Australian Coal Association
  • McKinsey & Co - India
  • Port Waratah Coal Services - Australia
  • Metalloyd Limited - United Kingdom
  • U S Energy Resources
  • Chettinad Cement Corporation Ltd - India
  • Makarim & Taira - Indonesia
  • Ministry of Mines - Canada
  • Humpuss - Indonesia
  • UOB Asia (HK) Ltd
  • Directorate General of MIneral and Coal - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • CESC Limited - India
  • Therma Luzon, Inc, Philippines
  • Barclays Capital - USA
  • Japan Coal Energy Center
  • Karaikal Port Pvt Ltd - India
  • GN Power Mariveles Coal Plant, Philippines
  • MEC Coal - Indonesia
  • Eastern Energy - Thailand
  • Malco - India
  • Mercator Lines Limited - India
  • IMC Shipping - Singapore
  • Standard Chartered Bank - UAE
  • Asian Development Bank
  • Attock Cement Pakistan Limited
  • Thailand Anthracite
  • Economic Council, Georgia
  • Meralco Power Generation, Philippines
  • Global Green Power PLC Corporation, Philippines
  • GNFC Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • Indika Energy - Indonesia
  • PLN - Indonesia
  • Anglo American - United Kingdom
  • Global Coal Blending Company Limited - Australia
  • Bukit Makmur.PT - Indonesia
  • Mercuria Energy - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Toyota Tsusho Corporation, Japan
  • South Luzon Thermal Energy Corporation
  • Deloitte Consulting - India
  • Maharashtra Electricity Regulatory Commission - India
  • Geoservices-GeoAssay Lab
  • Central Java Power - Indonesia
  • Riau Bara Harum - Indonesia
  • Xindia Steels Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • BRS Brokers - Singapore
  • CIMB Investment Bank - Malaysia
  • Ince & co LLP
  • Ministry of Finance - Indonesia
  • Coal India Limited
  • Bangkok Bank PCL
  • Tanito Harum - Indonesia
  • ASAPP Information Group - India
  • Rashtriya Ispat Nigam Limited - India
  • Carbofer General Trading SA - India
  • Thriveni
  • Deutsche Bank - India
  • TGV SRAAC LIMITED, India
  • Kapuas Tunggal Persada - Indonesia
  • Lafarge - France
  • Baramulti Group, Indonesia
  • Vizag Seaport Private Limited - India
  • International Coal Ventures Pvt Ltd - India
  • Singapore Mercantile Exchange
  • Sojitz Corporation - Japan
  • Cigading International Bulk Terminal - Indonesia
  • OCBC - Singapore
  • TNB Fuel Sdn Bhd - Malaysia
  • Permata Bank - Indonesia
  • BNP Paribas - Singapore
  • DBS Bank - Singapore
  • Sarangani Energy Corporation, Philippines
  • London Commodity Brokers - England
  • Energy Development Corp, Philippines
  • Globalindo Alam Lestari - Indonesia
  • Coal and Oil Company - UAE
  • Enel Italy
  • Lanco Infratech Ltd - India
  • Altura Mining Limited, Indonesia
  • Oldendorff Carriers - Singapore
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Cargill India Pvt Ltd
  • Bank of China, Malaysia
  • IHS Mccloskey Coal Group - USA
  • Mitsubishi Corporation
  • World Coal - UK
  • Bangladesh Power Developement Board
  • ETA - Dubai
  • JPMorgan - India
  • Coalindo Energy - Indonesia
  • WorleyParsons
  • Simpson Spence & Young - Indonesia
  • Ambuja Cements Ltd - India
  • HSBC - Hong Kong
  • Argus Media - Singapore
  • EIA - United States
  • Billiton Holdings Pty Ltd - Australia
  • Salva Resources Pvt Ltd - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Alfred C Toepfer International GmbH - Germany
  • Antam Resourcindo - Indonesia
  • Kumho Petrochemical, South Korea
  • Coal Orbis AG
  • Energy Link Ltd, New Zealand
  • Electricity Authority, New Zealand
  • PTC India Limited - India
  • JPower - Japan
  • J M Baxi & Co - India
  • PLN Batubara - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Xstrata Coal
  • The Treasury - Australian Government
  • Clarksons - UK
  • Fearnleys - India
  • Arutmin Indonesia
  • Indian Energy Exchange, India
  • Siam City Cement PLC, Thailand
  • Wilmar Investment Holdings
  • Adaro Indonesia
  • Orica Australia Pty. Ltd.
  • SGS (Thailand) Limited
  • Agrawal Coal Company - India
  • Vitol - Bahrain
  • Bahari Cakrawala Sebuku - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • PetroVietnam
  • KPMG - USA
  • Gujarat Sidhee Cement - India
  • SMG Consultants - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • PowerSource Philippines DevCo
  • Vijayanagar Sugar Pvt Ltd - India
  • Dalmia Cement Bharat India
  • Merrill Lynch Bank
  • Rudhra Energy - India
  • CNBM International Corporation - China
  • Parliament of New Zealand
  • GVK Power & Infra Limited - India
  • SASOL - South Africa
  • Sical Logistics Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Indo Tambangraya Megah - Indonesia
  • World Bank
  • CCIC - Indonesia
  • Glencore India Pvt. Ltd
  • Semirara Mining Corp, Philippines
  • Electricity Generating Authority of Thailand
  • Petrochimia International Co. Ltd.- Taiwan
  • Reliance Power - India
  • Tata Chemicals Ltd - India
  • Chamber of Mines of South Africa
  • Price Waterhouse Coopers - Russia
  • The India Cements Ltd
  • Renaissance Capital - South Africa
  • Power Finance Corporation Ltd., India
  • Kideco Jaya Agung - Indonesia
  • UBS Singapore
  • Indian Oil Corporation Limited
  • bp singapore
  • Total Coal South Africa
  • Gupta Coal India Ltd
  • Leighton Contractors Pty Ltd - Australia
  • The State Trading Corporation of India Ltd
  • Infraline Energy - India
  • Russian Coal LLC
  • New Zealand Coal & Carbon
  • globalCOAL - UK
  • Vale Mozambique
  • Sinarmas Energy and Mining - Indonesia
  • Australian Commodity Traders Exchange
  • The University of Queensland
  • Semirara Mining and Power Corporation, Philippines
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • IBC Asia (S) Pte Ltd
  • Bhatia International Limited - India
  • Orica Mining Services - Indonesia
  • Panama Canal Authority
  • GAC Shipping (India) Pvt Ltd
  • RBS Sempra - UK
  • Surastha Cement
  • CoalTek, United States
  • Trasteel International SA, Italy
  • Mitra SK Pvt Ltd - India
  • Borneo Indobara - Indonesia
  • Coeclerici Indonesia
  • Marubeni Corporation - India
  • KEPCO - South Korea
  • Rio Tinto Coal - Australia
  • Edison Trading Spa - Italy
  • Maybank - Singapore
  • Jindal Steel & Power Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Banpu Public Company Limited - Thailand
  • Thomson Reuters GRC
  • Pinang Coal Indonesia
  • White Energy Company Limited
  • Coaltrans Conferences
  • Cardiff University - UK
  • Indonesia Power. PT
  • Idemitsu - Japan
  • Inco-Indonesia
  • Indogreen Group - Indonesia
  • Merrill Lynch Commodities Europe
  • Africa Commodities Group - South Africa
  • Bank of America
  • Bukit Baiduri Energy - Indonesia
  • Bharathi Cement Corporation - India
  • ANZ Bank - Australia
  • ICICI Bank Limited - India
  • Directorate Of Revenue Intelligence - India
  • Thai Mozambique Logistica
  • SRK Consulting
  • Petron Corporation, Philippines
  • IOL Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Bhushan Steel Limited - India
  • Intertek Mineral Services - Indonesia
  • Thiess Contractors Indonesia
  • MS Steel International - UAE
  • Platou - Singapore
  • Ernst & Young Pvt. Ltd.
  • San Jose City I Power Corp, Philippines
  • Jorong Barutama Greston.PT - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Peabody Energy - USA
  • Krishnapatnam Port Company Ltd. - India
  • Interocean Group of Companies - India
  • Tamil Nadu electricity Board
  • TRAFIGURA, South Korea
  • Kobexindo Tractors - Indoneisa
  • Kobe Steel Ltd - Japan
  • India Bulls Power Limited - India
  • Cebu Energy, Philippines
  • Planning Commission, India
  • PNOC Exploration Corporation - Philippines
  • Core Mineral Indonesia
  • Samtan Co., Ltd - South Korea
  • Miang Besar Coal Terminal - Indonesia
  • Sakthi Sugars Limited - India
  • TeaM Sual Corporation - Philippines
  • Essar Steel Hazira Ltd - India
  • European Bulk Services B.V. - Netherlands
  • Runge Indonesia
  • Samsung - South Korea
  • Latin American Coal - Colombia
  • NALCO India
  • Siam City Cement - Thailand
  • NTPC Limited - India
  • Eastern Coal Council - USA
  • Kalimantan Lumbung Energi - Indonesia
  • Adani Power Ltd - India
  • Ministry of Transport, Egypt
  • APGENCO India
  • Sucofindo - Indonesia
  • Uttam Galva Steels Limited - India
  • Shree Cement - India
  • Platts
  • Mitsui
  • Sree Jayajothi Cements Limited - India
  • Grasim Industreis Ltd - India
  • Kohat Cement Company Ltd. - Pakistan
  • Petrosea - Indonesia
  • Wood Mackenzie - Singapore
  • Romanian Commodities Exchange
  • GB Group - China
  • Binh Thuan Hamico - Vietnam
  • ACC Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Parry Sugars Refinery, India
  • Timah Investasi Mineral - Indoneisa
  • SMC Global Power, Philippines
  • LBH Netherlands Bv - Netherlands
  • Heidelberg Cement - Germany
  • OPG Power Generation Pvt Ltd - India
  • IEA Clean Coal Centre - UK
  • Noble Europe Ltd - UK
  • Central Electricity Authority - India
  • Kepco SPC Power Corporation, Philippines
  • EMO - The Netherlands
  • Asia Pacific Energy Resources Ventures Inc, Philippines