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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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Thursday, 15 October 09
GOVT TO CAP COAL EXPORTS AT 150 MILLION TONS A YEAR
The Jakarta Post reported that, The government plans to cap coal exports at around 150 million tons a year in a bid to guarantee supply for domestic ...
Thursday, 15 October 09
AUSTRALIAN MINING COMPANIES REPORTED FINDING 1.5 BILLION COAL MINE DEPOSIT IN MOZAMBIQUE
Paguntaka reported that, Mozambique is a country that has the potential mining areas are very rich. Many mining companies who want to invest in the ...
Wednesday, 14 October 09
INDONESIA POWER FIRM SIGNS LOAN AGREEMENTS FOR OVER $1 BLN
Reuters reported that, Indonesia's state electricity firm PT Perusahaan Listrik Negara (PLN) has raised more than $1 billion from a group of banks ...
Wednesday, 14 October 09
LARSEN & TOUBRO MAY ENTER POWER GENERATION BUSINESS IN INDIA
Bloomberg reported that, Larsen & Toubro Ltd., India’s biggest engineering company, said it is considering entering the power generation b ...
Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
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- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
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- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
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- Wood Mackenzie - Singapore
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- VISA Power Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Electricity Authority, New Zealand
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- CNBM International Corporation - China
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- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
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- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
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- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
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- Asmin Koalindo Tuhup - Indonesia
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- Merrill Lynch Commodities Europe
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- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
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- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
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- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
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- Borneo Indobara - Indonesia
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- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- Kumho Petrochemical, South Korea
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- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
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