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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, 08 December 17
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Supramax
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THE ROLE OF COAL - AN INCONVENIENT TRUTH - BENJAMIN SPORTON, WCA
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Wednesday, 06 December 17
SHIPPING MARKET INSIGHT - VASILIS VASILEIOU
Moving towards the end of 2017, we are facing a relatively slack period of business in the ship repair sector. The repair market has already mature ...
Tuesday, 05 December 17
DOES BITCOIN HAVE A FUTURE IN SHIPPING? - ALIBRA SHIPPING
Google now receives more search requests for Bitcoin than for Kim Kardashian, Beyoncé and Taylor Swift combined. This week, a shipping compa ...
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Showing 1856 to 1860 news of total 6871 |
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- White Energy Company Limited
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
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