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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, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize
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Wednesday, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...
Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.
...
Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize
The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...
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Showing 1346 to 1350 news of total 6871 |
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- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Australian Coal Association
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
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