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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, 09 June 19
SUPRAMAX: ASIA LOST GROUND; THE INDIAN OCEAN SAW SLOWER ACTIVITY - BALTIC BRIEFING
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The market continued in an unusually steady ascent last week. With no major news in the market, each day improved on the last, breakin ...
Friday, 07 June 19
KOEN INVITED BIDS FOR 1.87 MILLION TONS OF COAL FOR JULY - OCTOBER 2019 DELIVERY
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,700,000 to 1,870,000 Metric Tons ...
Wednesday, 05 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
The first semester of 2019 started as a fairly positive semester for the offshore sector whilst there was a recovery on crude prices, as well as a ...
Tuesday, 04 June 19
MARPOL ANNEX VI - SULPHUR CAP 2020 - DEMYSTIFYING THE FONAR - SKULD
KNOWLEDGE TO ELEVATE
Fuel Oil Non-Availability Report (FONAR) is primarily a discretionary tool for a Member State to lessen the breach of MAR ...
Monday, 03 June 19
SUPRAMAX: A 61,000 TONNER OPEN NORTH CHINA, FIXING A TRIP VIA INDONESIA, REDELIVERY SOUTHEAST ASIA AT $7,500 - BALTIC BRIEFING
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The market continued its steady ascent over the past week to improved levels. The TC average opened the previous week at $12,243 and c ...
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Showing 1391 to 1395 news of total 6871 |
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- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- The University of Queensland
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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