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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, 29 December 19
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Showing 1221 to 1225 news of total 6871 |
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- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- SMC Global Power, Philippines
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- The University of Queensland
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
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