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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 1106 to 1110 news of total 6871 |
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- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
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