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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 February 18
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Showing 1806 to 1810 news of total 6871 |
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- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
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