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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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Tuesday, 05 December 17
OIL PRICES HAVE GAINED SOME TRACTION THESE PAST FEW DAYS ON TALKS OF ANOTHER OPEC & RUSSIA PRODUCTION CUT EXTENSION - GERRY LATHROP
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Coal markets were higher, with both coking and thermal coal recording small gains, said Daniel Hynes Senior Commodity Strategist at ANZ in his late ...
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WEEKLY US COAL PRODUCTION ESTIMATES DIP WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.1 million short ton ...
Thursday, 30 November 17
CONTEMPLATING COAL'S CONTROVERSY AT COP23 - BENJAMIN SPORTON
Representing the coal industry at climate talks is never going to be an easy proposition. For many people, coal and climate action are incompatible ...
Wednesday, 29 November 17
THE LAST DAYS OF COAL? - ALIBRA SHIPPING
At least 15 countries have joined an international alliance to phase out coal use for power generation before 2030.
Britain, Canada, Denmark, ...
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Showing 1861 to 1865 news of total 6871 |
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- Sree Jayajothi Cements Limited - India
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- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
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- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
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- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
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- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
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- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
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- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
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- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
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- The University of Queensland
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- Bangladesh Power Developement Board
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- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
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- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
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- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
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- Africa Commodities Group - South Africa
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- Petron Corporation, Philippines
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- Interocean Group of Companies - India
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- Australian Commodity Traders Exchange
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- Wilmar Investment Holdings
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- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
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- Pendopo Energi Batubara - Indonesia
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- Merrill Lynch Commodities Europe
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- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
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- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ministry of Mines - Canada
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- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
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- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Independent Power Producers Association of India
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- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
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