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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, 19 December 19
COAL POWER GENERATION CONTINUES TO DECLINE IN GERMANY: DESTATIS, XINHUA REPORTED
The volume of electricity generated in coal-fired power plants in Germany decreased “markedly” by 37 percent to 34 billion kilowatt-hou ...
Thursday, 19 December 19
BANGLADESH'S NBR CUTS VAT ON COAL IMPORT FOR POWER PLANTS - THE DAILY STAR
The National Board of Revenue (NBR) reduced value added tax on the import of coal for power plants to 5 percent from present 15 percent for five ye ...
Wednesday, 18 December 19
AVERAGE PRICES OF COAL IN 2018 WERE MORE THAN 60% HIGHER THAN IN 2016 - IEA
Coal use grew again in 2018.
Global coal demand increased by 1.1%, continuing the rebound that began in 2017 after three years of decline ...
Wednesday, 18 December 19
ASIA IS SET TO SUPPORT GLOBAL COAL DEMAND FOR THE NEXT FIVE YEARS - IEA
Press Release: Global coal demand is expected to decline in 2019 but remain broadly stable over the next five years, supported by robust growth in ...
Wednesday, 18 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to have a massive impact ...
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Showing 1236 to 1240 news of total 6871 |
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- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Planning Commission, India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- The University of Queensland
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Australian Coal Association
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
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