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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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Friday, 12 April 19
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Showing 1421 to 1425 news of total 6871 |
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- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- PTC India Limited - India
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
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