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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, 28 April 19
SUPRAMAX: A 54,000DWT VESSEL OPEN GRESIK FIXED VIA AUSTRALIA, REDELIVERY CHINA, IN THE MID $12,000S - BALTIC BRIEFING
Capesize
Following the holidays, activity increased in both the Pacific and Atlantic Basins. The 5TC average rallied, closing at $8,596, up $1, ...
Wednesday, 24 April 19
PANAMAX: IN THE EAST, THE MARKET MOVED SIDE-WAYS, WITH FEWER COAL CARGOES FROM INDONESIA PUTTING PRESSURE ON RATES - INTERMODAL
Sentiment in the Dry Bulk market slowly but steadily kept improving last week as Capesize rates remained in recovery mode and Panamax earnings also ...
Wednesday, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...
Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants
Surge in coal imports has now forced Coal India Ltd (CIL) ...
Thursday, 18 April 19
BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...
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Showing 1411 to 1415 news of total 6871 |
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- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Planning Commission, India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- ASAPP Information Group - India
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
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