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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, 15 July 20
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The index, released by China ...
Tuesday, 14 July 20
TURKEY - A CASE OF UNDECLARED BUNKER - GARD
KNOWLEDGE TO ELEVATE
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Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close ...
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- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- ASAPP Information Group - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- PTC India Limited - India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Australian Coal Association
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
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