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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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Thursday, 16 January 20
SUPRAMAX: INDO/CHINA ROUND VOYAGE FIXING AROUND LOW/MID USD 6,000 BSS APS INDO - FEARNLEYS
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Wednesday, 15 January 20
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NEWS RELEASE
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Wednesday, 15 January 20
PREDICTIONS FOR 2020: 'SLOWBALISATION" IS THE NEW GLOBALISATION - PWC
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Wednesday, 15 January 20
SHIPPING MARKET INSIGHT - INERMODAL
Happy New Year and all the best for IMO 2020 !!
The early days of IMO 2020 coming into force have certainly had an impact on the indus ...
Tuesday, 14 January 20
SOLAS AMENDMENTS ENTERING INTO FORCE 1 JANUARY 2020 - STANDARD CLUB
While the latest amendments to MARPOL annex VI which entered into force on 1 January 2020 limiting the SOx emissions from ships has been the centre ...
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Showing 1191 to 1195 news of total 6871 |
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- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
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- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- VISA Power Limited - India
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
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