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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, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
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- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
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- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
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- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- PTC India Limited - India
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
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- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
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