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

Friday, 10 July 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


Friday, 10 July 20
GLOBAL SHIPPING EARNINGS FORECAST CUT AS SUPPLY SET TO OUTSTRIP DEMAND - MOODY'S
EBITDA forecast worsens, keeping outlook negative. We now expect the aggregate EBITDA of rated shipping companies to fall by around 16%-18% in 2020 ...


Friday, 10 July 20
SLOW RECOVERY IN TANKER RATES TO WEIGH ON BUANA LINTAS LAUTAN - FITCH RATINGS
Fitch Ratings believes that international tanker rates are likely improve after their sharp fall since May 2020, albeit at a slow pace. The weaknes ...


Wednesday, 08 July 20
MARKET INSIGHT - INTERMODAL
During the previous month, the dry bulk market witnessed an impressive increase in the BDI index that has reached 1800 points from 500 with a clear ...


Tuesday, 07 July 20
COAL INDIA WORKERS STRIKE CUTS OUTPUT BY 56%: OFFICIAL - REUTERS
A strike at Coal India Ltd cut production by 56% in the three days ending July 4 as workers oppose opening up coal mining to the private sector, a ...


   174 175 176 177 178   
Showing 876 to 880 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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