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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, 28 March 18
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Showing 1761 to 1765 news of total 6871 |
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- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Planning Commission, India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- MS Steel International - UAE
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Indian Oil Corporation Limited
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