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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, 21 December 17
FUEL SHORTAGE TRIGGERS JUMP IN COAL PRICES - CHINA DAILY
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Thursday, 21 December 17
SUPRAMAX: IN THE MOST CHANCE, DO NOT EXPECT ANY DRAMATIC CHANGES IN THE NEAR FUTURE - FEARNLEYS
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Wednesday, 20 December 17
INDONESIAN HBA FELL FOR THE FIRST TIME IN SIX MONTHS, GOVERNMENT DATA SHOWS
COALspot.com: HBA fell 0.80 per cent in December, marking the first fall for the Indonesian Coal Price Reference ( HBA) since June 2017, the latest ...
Monday, 18 December 17
U.S. COAL EXPORTS FOR THE FIRST THREE QUARTERS OF 2017 WERE 69 MMST; UP 68% M/M - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million sho ...
Thursday, 14 December 17
SUPRAMAX: INDO COAL TO CHINA AROUND LOW $10K DELIVERY SINGAPORE
Supramax
Atlantic basin kept its firm pace with charters still busy with covering pre-holiday requirements. Ultras got close to $20k for ordinary ...
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Showing 1846 to 1850 news of total 6871 |
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- Madhucon Powers Ltd - India
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- Essar Steel Hazira Ltd - India
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- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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- Orica Australia Pty. Ltd.
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- Chamber of Mines of South Africa
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- Romanian Commodities Exchange
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- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Minerals Council of Australia
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- Posco Energy - South Korea
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
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- The State Trading Corporation of India Ltd
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- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Deloitte Consulting - India
- Economic Council, Georgia
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- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
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- Formosa Plastics Group - Taiwan
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- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
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- Ministry of Transport, Egypt
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- Global Business Power Corporation, Philippines
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- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
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- Ministry of Mines - Canada
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- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
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- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
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- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
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- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
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- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
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- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
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- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
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