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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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Friday, 09 March 18
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Thursday, 08 March 18
SUPRAMAX: THE MARKET IS STILL GOING STRONG IN THE PACIFIC - FEARNLEYS
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- San Jose City I Power Corp, Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
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- GMR Energy Limited - India
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- Merrill Lynch Commodities Europe
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- Thiess Contractors Indonesia
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- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
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- Renaissance Capital - South Africa
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- Australian Commodity Traders Exchange
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- The University of Queensland
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- The Treasury - Australian Government
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- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- McConnell Dowell - Australia
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- Anglo American - United Kingdom
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- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
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- Indogreen Group - Indonesia
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- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
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- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
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- Miang Besar Coal Terminal - Indonesia
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- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
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- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
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- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
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- SMG Consultants - Indonesia
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- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
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- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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