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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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Saturday, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
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Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
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Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
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- Pipit Mutiara Jaya. PT, Indonesia
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- Indika Energy - Indonesia
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- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
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- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
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- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Planning Commission, India
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- Romanian Commodities Exchange
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- Coal and Oil Company - UAE
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- Goldman Sachs - Singapore
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- Parliament of New Zealand
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- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
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- White Energy Company Limited
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- Minerals Council of Australia
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- Attock Cement Pakistan Limited
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- Directorate Of Revenue Intelligence - India
- Australian Coal Association
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- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
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- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
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- Renaissance Capital - South Africa
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- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
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- Anglo American - United Kingdom
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- Standard Chartered Bank - UAE
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- Mjunction Services Limited - India
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- New Zealand Coal & Carbon
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- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
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- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
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- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
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- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
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- Electricity Authority, New Zealand
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- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Trasteel International SA, Italy
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- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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