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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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Monday, 20 July 20
COAL INDIA LAUNCHES SPECIAL CATEGORY OF E-AUCTION FOR COAL IMPORTERS - BUSINESS STANDARD
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Monday, 20 July 20
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SUPRAMAX: A 63,000 OPEN NORTH CHINA FIXING AN AUSTRALIAN ROUND IN THE LOW $10,000S - BALTIC BRIEFING
Capesize
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Friday, 17 July 20
MISC MALAYSIA ENTERS INTO PURCHASE AGREEMENTS AND TIME CHARTER PARTIES FOR SIX VLECS
MISC Berhad (MISC) has entered into Memorandum of Agreements (MOAs) with six indirect wholly-owned subsidiaries of Zhejiang Satellite Petrochem ...
Wednesday, 15 July 20
HOW MEANINGFUL ARE SOME ESTIMATES FOR INDIA’S COAL CONSUMPTION DATA? - IEEFA
In recent years, BP's estimates for India have contained what appears to be a record of over-optimistic projections
BP’s a ...
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- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Edison Trading Spa - Italy
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- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
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- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
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- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- The University of Queensland
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
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