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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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Monday, 18 November 19
SUPRAMAX: IN THE INDONESIAN COAL BUSINESS, A 58KDWT VESSEL FIXED DELIVERY PHILIPPINES, REDELIVERY INDIA AT CLOSE TO $8,000 - BALTIC BRIEFING
Capesize
For most of the week the rates were nudging up under a flurry of activity in the Pacific as levels for the West Australia to China C5 ...
Saturday, 16 November 19
LIFE AFTER FOSSIL FUELS: THE DAYS OF OIL AND COAL TRANSPORTATION ARE NUMBERED - BALTIC EXCHANGE
With the world fiercely focused on a decarbonised future, fossil fuel movers and traders might rightly be reconsidering their future. But cast a wi ...
Saturday, 16 November 19
OIL MARKET REPORT: PAUSING TO REFLECT - IEA
Global oil demand in 3Q19 increased by 1.1 mb/d year-on-year (y-o-y), more than double the 435 kb/d seen in 2Q19. China’s demand increased by ...
Friday, 15 November 19
RISING ENERGY DEMAND IN SOUTHEAST ASIA TO BE MET AND SUPPORTED BY COAL - WORLD COAL
Last week the International Energy Agency (IEA) released its semi-annual Southeast Asia Energy Outlook report which outlines the latest insights in ...
Thursday, 14 November 19
EIA EXPECTS U.S. STEAM COAL EXPORTS TO FACE INCREASING COMPETITION FROM EASTERN EUROPEAN SOURCES
EIA expects total U.S. coal production in 2019 to total 698 million short tons (MMst), an 8% decrease from the 2018 level of 756 MMst. The decline ...
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Showing 1286 to 1290 news of total 6871 |
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
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- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Standard Chartered Bank - UAE
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- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
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- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
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- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
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- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Commonwealth Bank - Australia
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- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
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