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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, 14 March 18
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Capesize
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Coal output levels from private commercial miners are unlikely to go up considerably in the medium to short term, given the issues related to land ...
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Saturday, 10 March 18
THE 'RENOS' - COURT OF APPEAL CLARIFIES CTL CALCULATION AND RIGHT OF ABANDONMENT - CLYDE & CO
KNOWLEDGE TO ELEVATE
In the matter of the “RENOS”, Mr Justice Knowles addressed a number of issues, at first instance, regarding t ...
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Showing 1776 to 1780 news of total 6871 |
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- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Anglo American - United Kingdom
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- The University of Queensland
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
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