COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
North P&IKNOWLEDGE 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.

Recent News

Friday, 14 February 20
KOWEPO INVITED BIDS FOR 1.275 MILLION TONS OF MIN. 5,600 NCV COAL
COALspot.com: Korea Western Power Co. Ltd (KOWEPO). as a representative of five Korean Gencos has issued an international tender for total 1,275,00 ...


Friday, 14 February 20
IS THE US COAL INDUSTRY COMPLETELY BURNED OUT? -FORBES
This is the fourth of a multi-part series on the state of the main sources of energy in the US and how they compare globally. The series will cover ...


Friday, 14 February 20
FITCH RTGS: GLOBAL PORTS VULNERABLE TO CORONAVIRUS - RELATED VOLUME DECLINES
Global ports will see reduced trade volumes as a result of the coronavirus, COVID-19, which would become more severe should Chinese production take ...


Thursday, 13 February 20
INDIA: MAJOR PORTS SHOW MUTED GROWTH IN CARGO AS THERMAL COAL VOLUME SLIDES 15% - BUSINESS STANDARD
A sharp slide of 15 per cent in thermal coal volumes weighed on the performance of major ports during the period of April-January of FY20. The majo ...


Wednesday, 12 February 20
REFINING SET FOR A CHALLENGING 2020 - WOOD MACKENZIE
Downstream isn’t the glamorous end of the oil business. And in Big Oil, it’s typically dwarfed by upstream. Yet having been forced to r ...


   226 227 228 229 230   
Showing 1136 to 1140 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Bank of America
  • Africa Commodities Group - South Africa
  • KPCL - India
  • Kalimantan Lumbung Energi - Indonesia
  • Cosco
  • ETA - Dubai
  • Maruti Cements - India
  • TNPL - India
  • Thai Mozambique Logistica
  • JPMorgan - India
  • Central Java Power - Indonesia
  • Bangladesh Power Developement Board
  • Indonesian Coal Mining Association
  • Siam City Cement - Thailand
  • SUEK AG - Indonesia
  • Parry Sugars Refinery, India
  • Infraline Energy - India
  • Krishnapatnam Port Company Ltd. - India
  • Maersk Broker
  • Leighton Contractors Pty Ltd - Australia
  • AsiaOL BioFuels Corp., Philippines
  • BRS Brokers - Singapore
  • Bulk Trading Sa - Switzerland
  • Coal India Limited
  • Orica Australia Pty. Ltd.
  • Kobexindo Tractors - Indoneisa
  • Samtan Co., Ltd - South Korea
  • Thailand Anthracite
  • San Jose City I Power Corp, Philippines
  • Indonesia Power. PT
  • South Luzon Thermal Energy Corporation
  • Cemex - Philippines
  • Intertek Mineral Services - Indonesia
  • Geoservices-GeoAssay Lab
  • IEA Clean Coal Centre - UK
  • JPower - Japan
  • Karbindo Abesyapradhi - Indoneisa
  • Agrawal Coal Company - India
  • Orica Mining Services - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • globalCOAL - UK
  • Indian Energy Exchange, India
  • OCBC - Singapore
  • Qatrana Cement - Jordan
  • Japan Coal Energy Center
  • Berau Coal - Indonesia
  • VISA Power Limited - India
  • IMC Shipping - Singapore
  • Neyveli Lignite Corporation Ltd, - India
  • Credit Suisse - India
  • PowerSource Philippines DevCo
  • LBH Netherlands Bv - Netherlands
  • CIMB Investment Bank - Malaysia
  • Cardiff University - UK
  • Formosa Plastics Group - Taiwan
  • MS Steel International - UAE
  • McConnell Dowell - Australia
  • HSBC - Hong Kong
  • Mitsui
  • Binh Thuan Hamico - Vietnam
  • Altura Mining Limited, Indonesia
  • Coeclerici Indonesia
  • CCIC - Indonesia
  • Georgia Ports Authority, United States
  • Essar Steel Hazira Ltd - India
  • Global Business Power Corporation, Philippines
  • Alfred C Toepfer International GmbH - Germany
  • Latin American Coal - Colombia
  • Bukit Baiduri Energy - Indonesia
  • Chamber of Mines of South Africa
  • Ince & co LLP
  • Britmindo - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Thermax Limited - India
  • Singapore Mercantile Exchange
  • The India Cements Ltd
  • Fearnleys - India
  • Reliance Power - India
  • Freeport Indonesia
  • Economic Council, Georgia
  • Merrill Lynch Bank
  • Trasteel International SA, Italy
  • Larsen & Toubro Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • GVK Power & Infra Limited - India
  • Posco Energy - South Korea
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • KOWEPO - South Korea
  • UOB Asia (HK) Ltd
  • Kumho Petrochemical, South Korea
  • Ministry of Finance - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • NALCO India
  • Platou - Singapore
  • Samsung - South Korea
  • Australian Commodity Traders Exchange
  • Merrill Lynch Commodities Europe
  • Bangkok Bank PCL
  • KEPCO - South Korea
  • Banpu Public Company Limited - Thailand
  • Gujarat Electricity Regulatory Commission - India
  • Tamil Nadu electricity Board
  • Arch Coal - USA
  • Cigading International Bulk Terminal - Indonesia
  • Mintek Dendrill Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Core Mineral Indonesia
  • Noble Europe Ltd - UK
  • Electricity Authority, New Zealand
  • Riau Bara Harum - Indonesia
  • Tanito Harum - Indonesia
  • Dalmia Cement Bharat India
  • Glencore India Pvt. Ltd
  • Iligan Light & Power Inc, Philippines
  • GMR Energy Limited - India
  • Borneo Indobara - Indonesia
  • U S Energy Resources
  • Sical Logistics Limited - India
  • SN Aboitiz Power Inc, Philippines
  • Barclays Capital - USA
  • TANGEDCO India
  • Sojitz Corporation - Japan
  • Wood Mackenzie - Singapore
  • Sindya Power Generating Company Private Ltd
  • Makarim & Taira - Indonesia
  • Panama Canal Authority
  • Commonwealth Bank - Australia
  • Vizag Seaport Private Limited - India
  • Inco-Indonesia
  • Vitol - Bahrain
  • Pipit Mutiara Jaya. PT, Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Tata Power - India
  • TRAFIGURA, South Korea
  • GNFC Limited - India
  • Romanian Commodities Exchange
  • Indogreen Group - Indonesia
  • Jaiprakash Power Ventures ltd
  • Chettinad Cement Corporation Ltd - India
  • Inspectorate - India
  • EMO - The Netherlands
  • Semirara Mining and Power Corporation, Philippines
  • Aboitiz Power Corporation - Philippines
  • Adaro Indonesia
  • PLN Batubara - Indonesia
  • Eastern Energy - Thailand
  • KPMG - USA
  • Cebu Energy, Philippines
  • Semirara Mining Corp, Philippines
  • Runge Indonesia
  • World Coal - UK
  • Billiton Holdings Pty Ltd - Australia
  • PetroVietnam
  • Kaltim Prima Coal - Indonesia
  • Cargill India Pvt Ltd
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Total Coal South Africa
  • Deutsche Bank - India
  • Humpuss - Indonesia
  • Ambuja Cements Ltd - India
  • Adani Power Ltd - India
  • Madhucon Powers Ltd - India
  • Ministry of Mines - Canada
  • Petron Corporation, Philippines
  • OPG Power Generation Pvt Ltd - India
  • Grasim Industreis Ltd - India
  • SRK Consulting
  • Petrosea - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Independent Power Producers Association of India
  • Vale Mozambique
  • Coal and Oil Company - UAE
  • Petrochimia International Co. Ltd.- Taiwan
  • Marubeni Corporation - India
  • Gujarat Sidhee Cement - India
  • Deloitte Consulting - India
  • Energy Development Corp, Philippines
  • GAC Shipping (India) Pvt Ltd
  • Jatenergy - Australia
  • Simpson Spence & Young - Indonesia
  • ASAPP Information Group - India
  • McKinsey & Co - India
  • Karaikal Port Pvt Ltd - India
  • Star Paper Mills Limited - India
  • Indian Oil Corporation Limited
  • Vedanta Resources Plc - India
  • Ceylon Electricity Board - Sri Lanka
  • Argus Media - Singapore
  • ACC Limited - India
  • Rio Tinto Coal - Australia
  • Asia Cement - Taiwan
  • TNB Fuel Sdn Bhd - Malaysia
  • Kideco Jaya Agung - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Australian Coal Association
  • Electricity Generating Authority of Thailand
  • J M Baxi & Co - India
  • IOL Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Price Waterhouse Coopers - Russia
  • SASOL - South Africa
  • Cement Manufacturers Association - India
  • SMG Consultants - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • WorleyParsons
  • Malabar Cements Ltd - India
  • NTPC Limited - India
  • Thomson Reuters GRC
  • Global Coal Blending Company Limited - Australia
  • Shree Cement - India
  • Lanco Infratech Ltd - India
  • International Coal Ventures Pvt Ltd - India
  • Anglo American - United Kingdom
  • Arutmin Indonesia
  • Uttam Galva Steels Limited - India
  • Kobe Steel Ltd - Japan
  • Surastha Cement
  • Bayan Resources Tbk. - Indonesia
  • Mechel - Russia
  • Sakthi Sugars Limited - India
  • Coaltrans Conferences
  • MEC Coal - Indonesia
  • Aditya Birla Group - India
  • Xindia Steels Limited - India
  • Mercuria Energy - Indonesia
  • bp singapore
  • Idemitsu - Japan
  • APGENCO India
  • Shenhua Group - China
  • European Bulk Services B.V. - Netherlands
  • India Bulls Power Limited - India
  • SGS (Thailand) Limited
  • Asian Development Bank
  • Sarangani Energy Corporation, Philippines
  • Bharathi Cement Corporation - India
  • Kohat Cement Company Ltd. - Pakistan
  • Metalloyd Limited - United Kingdom
  • Barasentosa Lestari - Indonesia
  • DBS Bank - Singapore
  • Maheswari Brothers Coal Limited - India
  • Tata Chemicals Ltd - India
  • Maybank - Singapore
  • GHCL Limited - India
  • Salva Resources Pvt Ltd - India
  • Meralco Power Generation, Philippines
  • Ernst & Young Pvt. Ltd.
  • World Bank
  • Carbofer General Trading SA - India
  • Pendopo Energi Batubara - Indonesia
  • White Energy Company Limited
  • PNOC Exploration Corporation - Philippines
  • SMC Global Power, Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Globalindo Alam Lestari - Indonesia
  • Energy Link Ltd, New Zealand
  • RBS Sempra - UK
  • The State Trading Corporation of India Ltd
  • Videocon Industries ltd - India
  • Gupta Coal India Ltd
  • Holcim Trading Pte Ltd - Singapore
  • IHS Mccloskey Coal Group - USA
  • Coalindo Energy - Indonesia
  • Thiess Contractors Indonesia
  • Eastern Coal Council - USA
  • Oldendorff Carriers - Singapore
  • Central Electricity Authority - India
  • Indo Tambangraya Megah - Indonesia
  • Bank of China, Malaysia
  • Siam City Cement PLC, Thailand
  • Enel Italy
  • Parliament of New Zealand
  • Ind-Barath Power Infra Limited - India
  • ING Bank NV - Singapore
  • Medco Energi Mining Internasional
  • Edison Trading Spa - Italy
  • Coastal Gujarat Power Limited - India
  • Heidelberg Cement - Germany
  • CNBM International Corporation - China
  • Mitra SK Pvt Ltd - India
  • Xstrata Coal
  • Minerals Council of Australia
  • Rudhra Energy - India
  • Vijayanagar Sugar Pvt Ltd - India
  • The Treasury - Australian Government
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Moodys - Singapore
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Meenaskhi Energy Private Limited - India
  • Baramulti Group, Indonesia
  • Peabody Energy - USA
  • Russian Coal LLC
  • Therma Luzon, Inc, Philippines
  • Antam Resourcindo - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • London Commodity Brokers - England
  • ICICI Bank Limited - India
  • Clarksons - UK
  • IBC Asia (S) Pte Ltd
  • PetroVietnam Power Coal Import and Supply Company
  • BNP Paribas - Singapore
  • Wilmar Investment Holdings
  • UBS Singapore
  • Pinang Coal Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Jindal Steel & Power Ltd - India
  • PLN - Indonesia
  • Ministry of Transport, Egypt
  • CESC Limited - India
  • Platts
  • Power Finance Corporation Ltd., India
  • Bukit Makmur.PT - Indonesia
  • The University of Queensland
  • Standard Chartered Bank - UAE
  • Straits Asia Resources Limited - Singapore
  • Interocean Group of Companies - India
  • Mjunction Services Limited - India
  • Goldman Sachs - Singapore
  • Indika Energy - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • TGV SRAAC LIMITED, India
  • Sree Jayajothi Cements Limited - India
  • Gresik Semen - Indonesia
  • CoalTek, United States
  • Coal Orbis AG
  • New Zealand Coal & Carbon
  • EIA - United States
  • Port Waratah Coal Services - Australia
  • Lafarge - France
  • Sucofindo - Indonesia
  • Thriveni
  • Indian School of Mines
  • Malco - India
  • Planning Commission, India
  • Directorate Of Revenue Intelligence - India
  • GB Group - China
  • Renaissance Capital - South Africa
  • Bhushan Steel Limited - India
  • TeaM Sual Corporation - Philippines
  • Manunggal Multi Energi - Indonesia
  • PTC India Limited - India
  • ANZ Bank - Australia
  • Mitsubishi Corporation
  • Toyota Tsusho Corporation, Japan
  • Indorama - Singapore
  • GN Power Mariveles Coal Plant, Philippines
  • Savvy Resources Ltd - HongKong
  • Attock Cement Pakistan Limited
  • Kepco SPC Power Corporation, Philippines
  • Bhoruka Overseas - Indonesia
  • Permata Bank - Indonesia
  • Bhatia International Limited - India
  • Mercator Lines Limited - India