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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, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Indo Tambangraya Megah - Indonesia
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- Goldman Sachs - Singapore
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- Posco Energy - South Korea
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- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
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- Sarangani Energy Corporation, Philippines
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- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
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- Ministry of Mines - Canada
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- Price Waterhouse Coopers - Russia
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- AsiaOL BioFuels Corp., Philippines
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- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
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- Neyveli Lignite Corporation Ltd, - India
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- VISA Power Limited - India
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- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
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- The University of Queensland
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- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
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- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
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- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Planning Commission, India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
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- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
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- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Minerals Council of Australia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Economic Council, Georgia
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- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
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- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Australian Coal Association
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
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- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
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- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
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