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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, 30 May 18
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Tuesday, 29 May 18
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KNOWLEDGE TO ELEVATE
Following the launch of a legal briefing on blockchain contracts from UK P&I Club, Claims Executive, Filip Koscieleck ...
Tuesday, 29 May 18
INDIA'S COAL IMPORT DECLINES IN APRIL AMID DIVERSION TO THERMAL POWER PLANTS - PTI
India’s coal import fell by 9 percent to 17.32 million tonnes (MT) in April on the back of ample supply of dry fuel from domestic sources.
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Monday, 28 May 18
COAL SUPPLY DIVERSION IRKS INDUSTRIES DEPENDENT ON CAPTIVE POWER PLANTS - HINDU BUSINESS LINE
The government’s move to prioritise coal supplies to power plants with minimal coal stock has disrupted fuel supply to some sectors, which ha ...
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Showing 1711 to 1715 news of total 6871 |
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- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- MS Steel International - UAE
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Australian Coal Association
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- The University of Queensland
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
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