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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, 12 February 20
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WORLD STEEL PRODUCTION IN 2019 - BANCHERO COSTA
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Showing 1141 to 1145 news of total 6871 |
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- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- The University of Queensland
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
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