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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, 30 November 09
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Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
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- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- The Treasury - Australian Government
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- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Australian Coal Association
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
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- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
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- The University of Queensland
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Planning Commission, India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
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