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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, 13 June 18
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Monday, 11 June 18
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Friday, 08 June 18
AUSTRALIAN THERMAL COAL PRICES SURGE AS ASIA DEMAND HEATS UP - REUTERS
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Wednesday, 06 June 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
As observed last month the price of oil hit its highest level since November 2014 reaching $80 per barrel. Global oil demand growth for 2018 was sl ...
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Showing 1701 to 1705 news of total 6871 |
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- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- The University of Queensland
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Planning Commission, India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
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