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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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Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...
Wednesday, 31 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
It was a fairly busy week in the dry S&P market. Despite the ease of Capesize rates which impacted Panamaxes as well, interest from potential b ...
Sunday, 28 July 19
ULTRAMAX - INDONESIAN COAL CARGOES SAW A 63,000DWT SHIP FIXING DELIVERY FOR A SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY CHINA, AT $11,700 - BALTIC BRIEFING
Capesize
The market was a white knuckled ride this past week as a large downside movement shed value quickly leaving many in bewilderment. The ...
Wednesday, 24 July 19
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.27 PCT - XINHUA
China Taiyuan coal transaction price index stood at 138.78 points Monday, down 0.27 percent week on week.
The index, released by Chi ...
Wednesday, 24 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
Tonnes of ink has been spent analysing the rebound of the dry bulk market the last weeks with the most representative example being the rising perf ...
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Showing 1356 to 1360 news of total 6871 |
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- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- The University of Queensland
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
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