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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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Friday, 27 November 09
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Friday, 27 November 09
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Friday, 27 November 09
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Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
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Thursday, 26 November 09
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- Wood Mackenzie - Singapore
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- Heidelberg Cement - Germany
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- Samtan Co., Ltd - South Korea
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- Standard Chartered Bank - UAE
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- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
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- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
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- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
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- Antam Resourcindo - Indonesia
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- Ministry of Mines - Canada
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- Energy Link Ltd, New Zealand
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- White Energy Company Limited
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- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
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- Rashtriya Ispat Nigam Limited - India
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- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- The University of Queensland
- Merrill Lynch Commodities Europe
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- Bukit Makmur.PT - Indonesia
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- The State Trading Corporation of India Ltd
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- Eastern Energy - Thailand
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- Georgia Ports Authority, United States
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