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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, 12 April 18
ALWAYS ACCESSIBLE
KNOWLEDGE TO ELEVATE
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Tuesday, 10 April 18
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Monday, 09 April 18
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- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Planning Commission, India
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- VISA Power Limited - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- PTC India Limited - India
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
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