COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
North P&IKNOWLEDGE 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.

Recent News

Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...


Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...


Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...


Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...


Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment. Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...


   1300 1301 1302 1303 1304   
Showing 6506 to 6510 news of total 6871
News by Category
Popular News
 
Total Members : 28,701
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Inco-Indonesia
  • Ministry of Mines - Canada
  • Argus Media - Singapore
  • San Jose City I Power Corp, Philippines
  • Rudhra Energy - India
  • The State Trading Corporation of India Ltd
  • TeaM Sual Corporation - Philippines
  • Adani Power Ltd - India
  • CoalTek, United States
  • Electricity Authority, New Zealand
  • Russian Coal LLC
  • Planning Commission, India
  • Heidelberg Cement - Germany
  • Madhucon Powers Ltd - India
  • Romanian Commodities Exchange
  • Coal and Oil Company - UAE
  • Credit Suisse - India
  • Siam City Cement - Thailand
  • Thiess Contractors Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Oldendorff Carriers - Singapore
  • Chettinad Cement Corporation Ltd - India
  • BRS Brokers - Singapore
  • Neyveli Lignite Corporation Ltd, - India
  • Bukit Makmur.PT - Indonesia
  • Vizag Seaport Private Limited - India
  • GMR Energy Limited - India
  • Posco Energy - South Korea
  • APGENCO India
  • Port Waratah Coal Services - Australia
  • Africa Commodities Group - South Africa
  • Mercator Lines Limited - India
  • Maybank - Singapore
  • Commonwealth Bank - Australia
  • IMC Shipping - Singapore
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Cemex - Philippines
  • Maruti Cements - India
  • Eastern Energy - Thailand
  • Indian Oil Corporation Limited
  • Bangladesh Power Developement Board
  • Globalindo Alam Lestari - Indonesia
  • Kobe Steel Ltd - Japan
  • Kobexindo Tractors - Indoneisa
  • Asian Development Bank
  • Sinarmas Energy and Mining - Indonesia
  • Semirara Mining Corp, Philippines
  • Sarangani Energy Corporation, Philippines
  • Deloitte Consulting - India
  • Malco - India
  • Savvy Resources Ltd - HongKong
  • Barasentosa Lestari - Indonesia
  • Merrill Lynch Commodities Europe
  • Australian Coal Association
  • Global Coal Blending Company Limited - Australia
  • Tanito Harum - Indonesia
  • European Bulk Services B.V. - Netherlands
  • PNOC Exploration Corporation - Philippines
  • Timah Investasi Mineral - Indoneisa
  • GVK Power & Infra Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • IOL Indonesia
  • Runge Indonesia
  • Coastal Gujarat Power Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Billiton Holdings Pty Ltd - Australia
  • Platou - Singapore
  • Pinang Coal Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Vedanta Resources Plc - India
  • Sical Logistics Limited - India
  • Essar Steel Hazira Ltd - India
  • Jaiprakash Power Ventures ltd
  • Thomson Reuters GRC
  • SGS (Thailand) Limited
  • Petron Corporation, Philippines
  • Fearnleys - India
  • Xstrata Coal
  • Platts
  • Bharathi Cement Corporation - India
  • Barclays Capital - USA
  • Bayan Resources Tbk. - Indonesia
  • J M Baxi & Co - India
  • Petrochimia International Co. Ltd.- Taiwan
  • New Zealand Coal & Carbon
  • Bulk Trading Sa - Switzerland
  • Global Business Power Corporation, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • IBC Asia (S) Pte Ltd
  • TANGEDCO India
  • Pendopo Energi Batubara - Indonesia
  • JPower - Japan
  • Bhoruka Overseas - Indonesia
  • Surastha Cement
  • Minerals Council of Australia
  • TGV SRAAC LIMITED, India
  • Power Finance Corporation Ltd., India
  • Mintek Dendrill Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Ambuja Cements Ltd - India
  • OCBC - Singapore
  • Miang Besar Coal Terminal - Indonesia
  • WorleyParsons
  • Mitsui
  • Ministry of Finance - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Dalmia Cement Bharat India
  • Independent Power Producers Association of India
  • Merrill Lynch Bank
  • Kumho Petrochemical, South Korea
  • Anglo American - United Kingdom
  • Bukit Asam (Persero) Tbk - Indonesia
  • Medco Energi Mining Internasional
  • Directorate General of MIneral and Coal - Indonesia
  • Enel Italy
  • Mechel - Russia
  • Meralco Power Generation, Philippines
  • Shree Cement - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Total Coal South Africa
  • Indo Tambangraya Megah - Indonesia
  • ETA - Dubai
  • SN Aboitiz Power Inc, Philippines
  • CCIC - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • SUEK AG - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • South Luzon Thermal Energy Corporation
  • Lafarge - France
  • Tata Chemicals Ltd - India
  • Binh Thuan Hamico - Vietnam
  • Arutmin Indonesia
  • Adaro Indonesia
  • Toyota Tsusho Corporation, Japan
  • ACC Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Coal Orbis AG
  • Peabody Energy - USA
  • Larsen & Toubro Limited - India
  • KOWEPO - South Korea
  • Makarim & Taira - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • DBS Bank - Singapore
  • Shenhua Group - China
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Antam Resourcindo - Indonesia
  • Xindia Steels Limited - India
  • UOB Asia (HK) Ltd
  • Thai Mozambique Logistica
  • Kapuas Tunggal Persada - Indonesia
  • Mitsubishi Corporation
  • Vitol - Bahrain
  • Bukit Baiduri Energy - Indonesia
  • Ince & co LLP
  • MS Steel International - UAE
  • Formosa Plastics Group - Taiwan
  • Aboitiz Power Corporation - Philippines
  • Deutsche Bank - India
  • Baramulti Group, Indonesia
  • Therma Luzon, Inc, Philippines
  • Gresik Semen - Indonesia
  • Singapore Mercantile Exchange
  • Sree Jayajothi Cements Limited - India
  • Malabar Cements Ltd - India
  • Mercuria Energy - Indonesia
  • PTC India Limited - India
  • Uttam Galva Steels Limited - India
  • Videocon Industries ltd - India
  • Rashtriya Ispat Nigam Limited - India
  • Wilmar Investment Holdings
  • TRAFIGURA, South Korea
  • globalCOAL - UK
  • Maheswari Brothers Coal Limited - India
  • Georgia Ports Authority, United States
  • Energy Development Corp, Philippines
  • KPMG - USA
  • Electricity Generating Authority of Thailand
  • CNBM International Corporation - China
  • ICICI Bank Limited - India
  • Marubeni Corporation - India
  • Indonesia Power. PT
  • Intertek Mineral Services - Indonesia
  • bp singapore
  • Sucofindo - Indonesia
  • PLN Batubara - Indonesia
  • CESC Limited - India
  • HSBC - Hong Kong
  • Jatenergy - Australia
  • PLN - Indonesia
  • Indorama - Singapore
  • World Coal - UK
  • Central Java Power - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Kepco SPC Power Corporation, Philippines
  • Wood Mackenzie - Singapore
  • Coal India Limited
  • Petrosea - Indonesia
  • Humpuss - Indonesia
  • Thermax Limited - India
  • Bangkok Bank PCL
  • AsiaOL BioFuels Corp., Philippines
  • SMC Global Power, Philippines
  • Indika Energy - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Cement Manufacturers Association - India
  • GHCL Limited - India
  • Cosco
  • Riau Bara Harum - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Indonesian Coal Mining Association
  • Tamil Nadu electricity Board
  • McConnell Dowell - Australia
  • Moodys - Singapore
  • Reliance Power - India
  • Asia Cement - Taiwan
  • Samsung - South Korea
  • Semirara Mining and Power Corporation, Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Bahari Cakrawala Sebuku - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Mjunction Services Limited - India
  • Sindya Power Generating Company Private Ltd
  • Altura Mining Limited, Indonesia
  • Sojitz Corporation - Japan
  • Gujarat Electricity Regulatory Commission - India
  • Bank of China, Malaysia
  • Bank of America
  • Thailand Anthracite
  • PetroVietnam
  • Cebu Energy, Philippines
  • Qatrana Cement - Jordan
  • Tata Power - India
  • NALCO India
  • Orica Australia Pty. Ltd.
  • Mitra SK Pvt Ltd - India
  • ASAPP Information Group - India
  • Lanco Infratech Ltd - India
  • Japan Coal Energy Center
  • Renaissance Capital - South Africa
  • Energy Link Ltd, New Zealand
  • Freeport Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • ANZ Bank - Australia
  • London Commodity Brokers - England
  • Indian School of Mines
  • KEPCO - South Korea
  • Core Mineral Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Maersk Broker
  • Chamber of Mines of South Africa
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • India Bulls Power Limited - India
  • KPCL - India
  • Goldman Sachs - Singapore
  • Glencore India Pvt. Ltd
  • Kohat Cement Company Ltd. - Pakistan
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • EMO - The Netherlands
  • Metalloyd Limited - United Kingdom
  • Infraline Energy - India
  • Standard Chartered Bank - UAE
  • Inspectorate - India
  • Samtan Co., Ltd - South Korea
  • Grasim Industreis Ltd - India
  • Meenaskhi Energy Private Limited - India
  • Vale Mozambique
  • Kaltim Prima Coal - Indonesia
  • McKinsey & Co - India
  • RBS Sempra - UK
  • Parliament of New Zealand
  • IEA Clean Coal Centre - UK
  • Jindal Steel & Power Ltd - India
  • Bhatia International Limited - India
  • Berau Coal - Indonesia
  • Geoservices-GeoAssay Lab
  • Asmin Koalindo Tuhup - Indonesia
  • Panama Canal Authority
  • Straits Asia Resources Limited - Singapore
  • EIA - United States
  • NTPC Limited - India
  • Gupta Coal India Ltd
  • Interocean Group of Companies - India
  • Coalindo Energy - Indonesia
  • Ministry of Transport, Egypt
  • Star Paper Mills Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • Economic Council, Georgia
  • Banpu Public Company Limited - Thailand
  • Salva Resources Pvt Ltd - India
  • Cardiff University - UK
  • Australian Commodity Traders Exchange
  • Karaikal Port Pvt Ltd - India
  • World Bank
  • MEC Coal - Indonesia
  • Attock Cement Pakistan Limited
  • Aditya Birla Group - India
  • Central Electricity Authority - India
  • International Coal Ventures Pvt Ltd - India
  • Edison Trading Spa - Italy
  • Sakthi Sugars Limited - India
  • JPMorgan - India
  • TNPL - India
  • GB Group - China
  • IHS Mccloskey Coal Group - USA
  • The University of Queensland
  • SMG Consultants - Indonesia
  • Clarksons - UK
  • Indian Energy Exchange, India
  • SRK Consulting
  • Indogreen Group - Indonesia
  • Permata Bank - Indonesia
  • Idemitsu - Japan
  • Simpson Spence & Young - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Karbindo Abesyapradhi - Indoneisa
  • Eastern Coal Council - USA
  • Parry Sugars Refinery, India
  • The Treasury - Australian Government
  • Britmindo - Indonesia
  • Coaltrans Conferences
  • SASOL - South Africa
  • Agrawal Coal Company - India
  • Noble Europe Ltd - UK
  • VISA Power Limited - India
  • UBS Singapore
  • Maharashtra Electricity Regulatory Commission - India
  • Coeclerici Indonesia
  • Arch Coal - USA
  • Ceylon Electricity Board - Sri Lanka
  • CIMB Investment Bank - Malaysia
  • Trasteel International SA, Italy
  • Price Waterhouse Coopers - Russia
  • Carbofer General Trading SA - India
  • Bhushan Steel Limited - India
  • Ernst & Young Pvt. Ltd.
  • Orica Mining Services - Indonesia
  • Gujarat Sidhee Cement - India
  • Thriveni
  • Kartika Selabumi Mining - Indonesia
  • The India Cements Ltd
  • PowerSource Philippines DevCo
  • Siam City Cement PLC, Thailand
  • BNP Paribas - Singapore
  • Latin American Coal - Colombia
  • Rio Tinto Coal - Australia
  • White Energy Company Limited
  • ING Bank NV - Singapore
  • Cargill India Pvt Ltd
  • GNFC Limited - India
  • Borneo Indobara - Indonesia
  • U S Energy Resources