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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, 30 September 09
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Tuesday, 29 September 09
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Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
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- Medco Energi Mining Internasional
- ICICI Bank Limited - India
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- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
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- Ministry of Finance - Indonesia
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- Bhatia International Limited - India
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- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
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- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Parliament of New Zealand
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- Petron Corporation, Philippines
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- Rio Tinto Coal - Australia
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- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
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- Wood Mackenzie - Singapore
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- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
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- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
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- Independent Power Producers Association of India
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- Malabar Cements Ltd - India
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- Iligan Light & Power Inc, Philippines
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- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
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- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
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- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
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- Sical Logistics Limited - India
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- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
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- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- White Energy Company Limited
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
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- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
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