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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, 06 February 19
FEBRUARY 2019 INDONESIA'S COAL REFERENCE PRICE FELL 8.83 PERCENT YOY
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Wednesday, 06 February 19
THE BDI HAS EASED BACK TO 645 BP, ITS LOWEST LEVEL SINCE AUGUST 2016 - ALLIED
The dry bulk sector is in the doldrums, with most market participants seemingly left utterly perplexed, and simultaneously, in pursuit of any posit ...
Monday, 04 February 19
COAL STILL IN HIGH DEMAND GLOBALLY
Although the world is switching to renewable energy there is still a big demand for coal around the globe.
This is according to Cany ...
Friday, 01 February 19
ULTRAMAX WAS FIXED DELIVERY KALIMANTAN, FOR TRIP TO WEST COAST INDIA AT $7,000 - BALTIC BRIEFING
Capesize
The Vale dam tragedy sparked a sharp fall in rates across all regions even where tonnage remained tight. The potential loss of product ...
Friday, 01 February 19
SEMBCORP SELECTS NORDEN FOR LONG-TERM INDIAN CONTRACT
NORDEN A/S has signed a 10-year Panamax Contract of Affreightment (COA) with Indian utility firm Sembcorp Energy India Ltd.
From 1 A ...
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- The University of Queensland
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- Parliament of New Zealand
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- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
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- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
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- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
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- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Africa Commodities Group - South Africa
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- New Zealand Coal & Carbon
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- Jaiprakash Power Ventures ltd
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- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- The Treasury - Australian Government
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- Metalloyd Limited - United Kingdom
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- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
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- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Salva Resources Pvt Ltd - India
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- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
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- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
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- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
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- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
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- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
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- Planning Commission, India
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- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
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