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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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Sunday, 09 February 20
SUPRAMAX: THE ASIAN ARENA STRUGGLED, A 50,000DWT SHIP FIXING A COAL RUN FROM EAST KALIMANTAN TO INDIA AT $2,000 - THE BALTIC BRIEFING
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Friday, 07 February 20
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Friday, 07 February 20
VIRUS - HIT CHINA MAY NEED MORE IMPORTS OF COAL. NOW COMES THE TRICKY PART - SHIPPING IT THERE: REUTERS
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Friday, 07 February 20
CORONAVIRUS IMPACTING THE GLOBAL SHIPPING INDUSTRY - BIMCO
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Thursday, 06 February 20
CAPE: WEAK SUPPLY/DEMAND RATIO THE STREETS REMAIN BLOODY FOR THE BIG SHIPS - FEARNLEYS
Cape: With still a weak supply/demand ratio the streets remain bloody for the big ships, and actual spot earnings are close to zero on main short-h ...
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- The University of Queensland
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- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
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- Wood Mackenzie - Singapore
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- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
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- Banpu Public Company Limited - Thailand
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- Carbofer General Trading SA - India
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- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
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- Commonwealth Bank - Australia
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- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
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- Georgia Ports Authority, United States
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- Miang Besar Coal Terminal - Indonesia
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- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
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- Rio Tinto Coal - Australia
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- Australian Coal Association
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- Samtan Co., Ltd - South Korea
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- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
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- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- The Treasury - Australian Government
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- Ministry of Transport, Egypt
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- Indian Oil Corporation Limited
- Parliament of New Zealand
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- Thiess Contractors Indonesia
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- Toyota Tsusho Corporation, Japan
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- Oldendorff Carriers - Singapore
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- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
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