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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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Friday, 03 April 20
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Showing 1031 to 1035 news of total 6871 |
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- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
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