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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, 12 September 18
MARINE BUNKERS: THE END OF THE WORLD AS WE KNOW IT - IBIA
KNOWLEDGE TO ELEVATE
The world of bunkers is heading for rapid and fundamental changes and not just because of the 0.50% sulphur cap in 2020. ...
Wednesday, 12 September 18
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
A recovery in the shipping market since last year has buoyed optimism amongst the people in the industry. Yet if you are to ask most ship-owners if ...
Monday, 10 September 18
HANDYSIZE: PERIOD ACTIVITY REMAINED LIMITED WITH A 37,000DWT REPORTEDLY FIXED FOR FOUR TO SIX MONTHS AT $10,500, OPEN IN MALAYSIA IN MID-SEPTEMBER - BALTIC BRIEFING
Capesize
Rates came under pressure for the big ships last week, despite paper values holding at reasonable levels as these trades continued to ...
Thursday, 06 September 18
INDONESIAN COAL PRICE REFERENCE FALLS FOR FIRST TIME IN 3 MONTHS
COALspot.com: The benchmark price of Indonesian thermal coal falls for first time in three months.
According to the latest min ...
Thursday, 06 September 18
SUPRAMAX: SE ASIA-INDO ROUNDS WITH COAL HAVE BEEN CONCLUDED IN THE $13000S RANGE - FEARNLEYS
Capesize
The big ships experiencing a bump in the road towards what is commonly expected to be by far the best period of this year. Average dai ...
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Showing 1626 to 1630 news of total 6871 |
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- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
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