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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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Showing 1026 to 1030 news of total 6871 |
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- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
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- Standard Chartered Bank - UAE
- Australian Coal Association
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Coalindo Energy - Indonesia
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- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
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- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
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- Wilmar Investment Holdings
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- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
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- Minerals Council of Australia
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- Heidelberg Cement - Germany
- Latin American Coal - Colombia
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- Edison Trading Spa - Italy
- Romanian Commodities Exchange
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- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
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- Bhoruka Overseas - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
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- Mintek Dendrill Indonesia
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- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- New Zealand Coal & Carbon
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- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
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- Medco Energi Mining Internasional
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
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- Thiess Contractors Indonesia
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- Price Waterhouse Coopers - Russia
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- Economic Council, Georgia
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- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Tamil Nadu electricity Board
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- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
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- SMC Global Power, Philippines
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- Bangladesh Power Developement Board
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- Aditya Birla Group - India
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- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
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- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
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- PTC India Limited - India
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- Parliament of New Zealand
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- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- VISA Power Limited - India
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- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
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- Altura Mining Limited, Indonesia
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- Ministry of Mines - Canada
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