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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, 11 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.07 PCT - XINHUA
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Tuesday, 10 March 20
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Tuesday, 10 March 20
EIA FORECASTS U.S ELECTRIC POWER SECTOR DEMAND FOR COAL WILL FALL BY 81 MMST (15%) IN 2020
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Tuesday, 10 March 20
CORONAVIRUS: DEMAND DOWNGRADES FOR BULK COMMODITIES - WOOD MACKENZIE
The coronavirus outbreak is a rapidly evolving news story – and a real wildcard for bulks demand. Our global experts are monitoring the impac ...
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- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
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- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
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- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
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- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Independent Power Producers Association of India
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- Star Paper Mills Limited - India
- Parliament of New Zealand
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- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- PTC India Limited - India
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
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