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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, 11 January 19
SUPRAMAX: THE ASIAN ARENA HAD A MIXED START; LIMITED ACTION IN SOUTHEAST ASIA - THE BALTIC BRIEFING
Capesize
Dashed hopes summed up the first full week of the New Year. A slow start followed by a busy 24 hours of improving rates and a firming ...
Thursday, 10 January 19
BUNKER DELIVERY NOTE AMENDMENTS ENTER INTO FORCE AS SULPHUR 2020 REQUIREMENT LOOMS - IMO
KNOWLEDGE TO ELEVATE
Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative m ...
Thursday, 10 January 19
WORLD TRADE IN THERMAL COAL IS ESTIMATED TO HAVE GROWN BY 1.0 PER CENT IN 2018 - DEPARTMENT OF INDUSTRY, AUSTRALIA
World Trade
World trade in thermal coal is estimated to have grown by 1.0 per cent to 1.1 billion tonnes in 2018 but it is expected to decline ...
Thursday, 10 January 19
PAKISTAN'S COAL IMPORTS TO SURGE TO 30 MILLION TONS PER ANNUM BY 2020 - CEO, PIB
Pakistan’s coal imports are estimated to surge to 30 million tons/annum from existing 20 million tons/annum by the year 2020, given the plann ...
Wednesday, 09 January 19
PANAMAX: THE PACIFIC SAW RELATIVELY GOOD DEMAND PARTICULARLY FROM INDONESIA AND NOPAC - BALTIC BRIEFING
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It was an active start to the New Year, with trading from West Australia maintaining momentum during the holiday period. Rates for Chi ...
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Showing 1496 to 1500 news of total 6871 |
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- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Cement Manufacturers Association - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
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