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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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Thursday, 21 June 18
ROBUST ASIAN THERMAL COAL DEMAND CREATES OPPORTUNITIES FOR AUSTRALIA - MINERALS COUNCIL OF AUSTRALIA
Minerals Council of Australia reported, Australia’s world-class coal mining industry can create more jobs in Australia and strengthen t ...
Thursday, 21 June 18
CHINESE REDUCED COAL IMPORT RESTRICTIONS - CAIXIN GLOBAL
Caixin Global reported that the Chinese government has reduced restrictions on coal imports at the nation’s major ports in response to concer ...
Thursday, 21 June 18
INDIAN GOVERNMENT ADMITS COAL SHORTAGE, ASKS DISCOMS TO IMPORT - TIMES OF INDIA
Times of India reported that the power ministry has advised all state governments and private power distribution companies to import coal as Coal I ...
Tuesday, 19 June 18
WCA RESPONDS TO BP STATISTICAL REVIEW OF WORLD ENERGY 2018
Responding to BP’s Statistical Review of World Energy 2018, Benjamin Sporton, Chief Executive of the World Coal Association (WCA) said, &ldqu ...
Wednesday, 13 June 18
U.S. COAL PRODUCTION TO DECLINE BY 2% TO 756 MILLION SHORT TONS MMST IN 2018 - EIA
EIA forecasts U.S. coal production to decline by 2% to 756 million short tons (MMst) in 2018.
According to EIA's Short-Term Ener ...
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- Romanian Commodities Exchange
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- Bulk Trading Sa - Switzerland
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- MS Steel International - UAE
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- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
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- Chamber of Mines of South Africa
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- The State Trading Corporation of India Ltd
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- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
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- Videocon Industries ltd - India
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- Directorate General of MIneral and Coal - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
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- Georgia Ports Authority, United States
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- Tata Chemicals Ltd - India
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- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
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- ICICI Bank Limited - India
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- Meenaskhi Energy Private Limited - India
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- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
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- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
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- Indian Energy Exchange, India
- Xindia Steels Limited - India
- PTC India Limited - India
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- Madhucon Powers Ltd - India
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- Ministry of Finance - Indonesia
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- Planning Commission, India
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- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
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- GMR Energy Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
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- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
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- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
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- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Parliament of New Zealand
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- CNBM International Corporation - China
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- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
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