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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, 01 July 20
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Monday, 29 June 20
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Coal sector analysts have been busy in recent months mapping the negative impact of low coal prices from the COVID-19 pandemic on Indonesian coal c ...
Monday, 29 June 20
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Monday, 29 June 20
INDIA COAL IMPORT OUTLOOK: WEAK DEMAND, IMPORT SUBSTITUTION, EXPECT 20% YOY DECLINE - GHEE PEH | IEEFA
For India, the coal demand indicators have clearly turned negative.
According to Argus Media, since the government declared a ...
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- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
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- McConnell Dowell - Australia
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- Samtan Co., Ltd - South Korea
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- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Oldendorff Carriers - Singapore
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- Miang Besar Coal Terminal - Indonesia
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- Chamber of Mines of South Africa
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- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
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- Binh Thuan Hamico - Vietnam
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- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
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- Petron Corporation, Philippines
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- Georgia Ports Authority, United States
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- Cement Manufacturers Association - India
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- Bharathi Cement Corporation - India
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- Merrill Lynch Commodities Europe
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- Minerals Council of Australia
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- Indian Energy Exchange, India
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- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
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- Indian Oil Corporation Limited
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- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
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- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
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- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
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- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
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- Kepco SPC Power Corporation, Philippines
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- Romanian Commodities Exchange
- Thai Mozambique Logistica
- VISA Power Limited - India
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- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
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- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
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- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
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- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
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- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
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- Mercator Lines Limited - India
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- Manunggal Multi Energi - Indonesia
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- Ministry of Finance - Indonesia
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- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
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- Australian Coal Association
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- Global Green Power PLC Corporation, Philippines
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- The University of Queensland
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