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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, 10 April 19
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Showing 1426 to 1430 news of total 6871 |
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- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- The Treasury - Australian Government
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- White Energy Company Limited
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Planning Commission, India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
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