We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...
Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market
...
Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...
Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...
Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
|
|
|
Showing 6406 to 6410 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Planning Commission, India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
|
| |
| |
|
