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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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Tuesday, 18 February 20
ADARO REMAINS POSITIVE ON THE LONG-TERM FUNDAMENTALS OF COAL MARKET SUPPORTED BY THE SOUTHEAST ASIA AND SOUTH ASIA REGION
The global seaborne thermal coal market in 2019 was faced with macro and industry challenges which pushed international coa ...
Tuesday, 18 February 20
CORONAVIRUS AND ITS IMPACT ON YOUR CONTRACT - CAN YOU RELY ON 'FORCE MAJEURE'? - INCE
KNOWLEDGE TO ELEVATE
On 30 January 2020, the World Health Organization (WHO) declared that the outbreak of the Novel Coronavirus (officially t ...
Monday, 17 February 20
IMO-2020 SULPHUR CAP - ISSUES TO CONSIDER PRIOR TO THE IMPLEMENTATION OF THE CARRIAGE BAN ON 1 MARCH 2020 - STANDARD CLUB
With the IMO 2020 global sulphur cap now in force, members should bear in mind another significant date in relation to the ‘carriage ban&rsqu ...
Monday, 17 February 20
COVID-19: THE EFFECT OF THIS PUBLIC HEALTH EMERGENCY ON CHARTERPARTY TERMS - GARD
KNOWLEDGE TO ELEVATE
Is it useful to compare the COVID-19 with earlier disease outbreaks?
A comparison with the Ebola outbreak ...
Saturday, 15 February 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - REUTERS
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
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- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
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- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
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- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
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- Kohat Cement Company Ltd. - Pakistan
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- India Bulls Power Limited - India
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- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
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- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
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- Leighton Contractors Pty Ltd - Australia
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- Australian Commodity Traders Exchange
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- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Indian Energy Exchange, India
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- Georgia Ports Authority, United States
- Interocean Group of Companies - India
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- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
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- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
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- South Luzon Thermal Energy Corporation
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- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Chamber of Mines of South Africa
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- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- CNBM International Corporation - China
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
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- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Vedanta Resources Plc - India
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- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
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- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
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- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
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- Jaiprakash Power Ventures ltd
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- Petron Corporation, Philippines
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