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.
|
|
Wednesday, 25 March 20
CORONAVIRUS CRISIS IS CRUSHING GLOBAL GDP GROWTH - FITCH RATINGS
The coronavirus crisis is crushing global GDP growth according to Fitch Ratings in its latest quarterly “Global Economic Outlook” (GEO) ...
Wednesday, 25 March 20
MARKET INSIGHT - INTERMODAL
There is no doubt that the Covid-19 pandemic crisis is a world-shattering event that will change the world as we know it. Societies are facing chal ...
Wednesday, 25 March 20
INDONESIA TO CANCEL RULES REQUIRING DOMESTIC SHIPS FOR COAL, PALM EXPORTS : REFINITIV
Indonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinatin ...
Wednesday, 25 March 20
JAN-FEB 2020, INDONESIA SHIPPED 64.5 MLN TONNES OF COAL, UP +3.4% YOY - BANCHERO COSTA
In the 12 months of calendar 2019, Indonesia exported 386.4 mln tonnes of coal, according to vessel tracking data from Refinitiv. This represents a ...
Tuesday, 24 March 20
MARKET ANALYSIS - ALLIED
As countries around the world struggle to take back control of the ongoing COVID-19 pandemic the global economy shuts down bit by bit, leaving only ...
|
|
|
Showing 1046 to 1050 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Marubeni Corporation - India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Australian Coal Association
|
| |
| |
|