We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
|
|
|
Showing 936 to 940 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Minerals Council of Australia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Deloitte Consulting - India
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
|
| |
| |
|
