COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
North P&IKNOWLEDGE 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


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 29 November 17
THERMAL COAL MARKETS WERE A LITTLE BIT MORE SUBDUED - DANIEL HYNES, ANZ
Coal prices were stronger, led by gains in coking coal. Premium hard coking coal jumped above USD200/t for the first time in two months, said Danie ...


Wednesday, 29 November 17
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
In line with most expectations for the end of this month, during the past days the Dry Bulk market realized a significant rebound that sent the BDI ...


Tuesday, 28 November 17
THE DRY BULK MARKET HAS SHOWN A REMARKABLE RECOVERY THIS YEAR - GEORGE LAZARIDIS
The Dry Bulk market has shown a remarkable recovery this year with the average earnings having increased by around 63% this year so far compared to ...


Friday, 24 November 17
U.S. PRODUCED 14.9 MMST FOR THE WEEK ENDING NOV 18; UP 0.9% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.9 million short ton ...


Thursday, 23 November 17
PANAMAX: ANOTHER SLOW AND UNEVENTFUL WEEK; DECREASING FREIGHT RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax A quiet start to the week. USG closed last week a bit tighter, and continued into the new week on a positive tone with little concluded, ...


   372 373 374 375 376   
Showing 1866 to 1870 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Mitsubishi Corporation
  • NTPC Limited - India
  • Permata Bank - Indonesia
  • VISA Power Limited - India
  • Cardiff University - UK
  • Central Electricity Authority - India
  • Vitol - Bahrain
  • TANGEDCO India
  • Sarangani Energy Corporation, Philippines
  • GB Group - China
  • Holcim Trading Pte Ltd - Singapore
  • SMG Consultants - Indonesia
  • Sakthi Sugars Limited - India
  • Salva Resources Pvt Ltd - India
  • Kapuas Tunggal Persada - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Edison Trading Spa - Italy
  • Wilmar Investment Holdings
  • LBH Netherlands Bv - Netherlands
  • Platts
  • Rashtriya Ispat Nigam Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • Bulk Trading Sa - Switzerland
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Altura Mining Limited, Indonesia
  • GNFC Limited - India
  • Australian Coal Association
  • Indo Tambangraya Megah - Indonesia
  • Geoservices-GeoAssay Lab
  • Credit Suisse - India
  • Meenaskhi Energy Private Limited - India
  • Arutmin Indonesia
  • Cosco
  • Ind-Barath Power Infra Limited - India
  • Adani Power Ltd - India
  • SMC Global Power, Philippines
  • Electricity Generating Authority of Thailand
  • Vizag Seaport Private Limited - India
  • Total Coal South Africa
  • Energy Development Corp, Philippines
  • Mercator Lines Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Inspectorate - India
  • SRK Consulting
  • Inco-Indonesia
  • Romanian Commodities Exchange
  • Minerals Council of Australia
  • MS Steel International - UAE
  • Pipit Mutiara Jaya. PT, Indonesia
  • Meralco Power Generation, Philippines
  • Core Mineral Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • GVK Power & Infra Limited - India
  • TNPL - India
  • GHCL Limited - India
  • Straits Asia Resources Limited - Singapore
  • Oldendorff Carriers - Singapore
  • Parliament of New Zealand
  • TRAFIGURA, South Korea
  • Kartika Selabumi Mining - Indonesia
  • Noble Europe Ltd - UK
  • IOL Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Georgia Ports Authority, United States
  • Sojitz Corporation - Japan
  • Riau Bara Harum - Indonesia
  • KEPCO - South Korea
  • AsiaOL BioFuels Corp., Philippines
  • ING Bank NV - Singapore
  • MEC Coal - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Chamber of Mines of South Africa
  • Shenhua Group - China
  • TNB Fuel Sdn Bhd - Malaysia
  • Australian Commodity Traders Exchange
  • Electricity Authority, New Zealand
  • Thiess Contractors Indonesia
  • McKinsey & Co - India
  • CoalTek, United States
  • Gupta Coal India Ltd
  • WorleyParsons
  • Indonesian Coal Mining Association
  • Tamil Nadu electricity Board
  • Uttam Galva Steels Limited - India
  • Aditya Birla Group - India
  • Cargill India Pvt Ltd
  • Humpuss - Indonesia
  • Coeclerici Indonesia
  • Kumho Petrochemical, South Korea
  • Globalindo Alam Lestari - Indonesia
  • TGV SRAAC LIMITED, India
  • Mitsui
  • Bhatia International Limited - India
  • Cemex - Philippines
  • Orica Australia Pty. Ltd.
  • Mitra SK Pvt Ltd - India
  • Pinang Coal Indonesia
  • Maersk Broker
  • Japan Coal Energy Center
  • Berau Coal - Indonesia
  • Thai Mozambique Logistica
  • Adaro Indonesia
  • Karaikal Port Pvt Ltd - India
  • Barclays Capital - USA
  • Port Waratah Coal Services - Australia
  • PetroVietnam
  • New Zealand Coal & Carbon
  • Agrawal Coal Company - India
  • Therma Luzon, Inc, Philippines
  • Qatrana Cement - Jordan
  • CESC Limited - India
  • Semirara Mining Corp, Philippines
  • PLN Batubara - Indonesia
  • Maruti Cements - India
  • Pendopo Energi Batubara - Indonesia
  • CIMB Investment Bank - Malaysia
  • Intertek Mineral Services - Indonesia
  • Gresik Semen - Indonesia
  • SGS (Thailand) Limited
  • APGENCO India
  • Ambuja Cements Ltd - India
  • IBC Asia (S) Pte Ltd
  • Lafarge - France
  • Xindia Steels Limited - India
  • Rudhra Energy - India
  • Trasteel International SA, Italy
  • PLN - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Argus Media - Singapore
  • SASOL - South Africa
  • Asia Cement - Taiwan
  • Merrill Lynch Commodities Europe
  • Power Finance Corporation Ltd., India
  • Sinarmas Energy and Mining - Indonesia
  • Coal Orbis AG
  • Barasentosa Lestari - Indonesia
  • Commonwealth Bank - Australia
  • Jorong Barutama Greston.PT - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Siam City Cement PLC, Thailand
  • The State Trading Corporation of India Ltd
  • Infraline Energy - India
  • EMO - The Netherlands
  • Russian Coal LLC
  • Bank of China, Malaysia
  • Karbindo Abesyapradhi - Indoneisa
  • Iligan Light & Power Inc, Philippines
  • Cebu Energy, Philippines
  • Africa Commodities Group - South Africa
  • Orica Mining Services - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Bank of America
  • Metalloyd Limited - United Kingdom
  • OCBC - Singapore
  • Gujarat Electricity Regulatory Commission - India
  • Panama Canal Authority
  • U S Energy Resources
  • World Bank
  • KPMG - USA
  • Britmindo - Indonesia
  • Formosa Plastics Group - Taiwan
  • Global Green Power PLC Corporation, Philippines
  • The India Cements Ltd
  • Petrosea - Indonesia
  • Indonesia Power. PT
  • Indika Energy - Indonesia
  • DBS Bank - Singapore
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Thriveni
  • Enel Italy
  • Merrill Lynch Bank
  • Attock Cement Pakistan Limited
  • Tata Chemicals Ltd - India
  • Indian Energy Exchange, India
  • Samtan Co., Ltd - South Korea
  • KOWEPO - South Korea
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Price Waterhouse Coopers - Russia
  • Marubeni Corporation - India
  • Maharashtra Electricity Regulatory Commission - India
  • Sindya Power Generating Company Private Ltd
  • World Coal - UK
  • Bukit Baiduri Energy - Indonesia
  • San Jose City I Power Corp, Philippines
  • Mintek Dendrill Indonesia
  • Clarksons - UK
  • Leighton Contractors Pty Ltd - Australia
  • Energy Link Ltd, New Zealand
  • Medco Energi Mining Internasional
  • Toyota Tsusho Corporation, Japan
  • OPG Power Generation Pvt Ltd - India
  • Larsen & Toubro Limited - India
  • Jindal Steel & Power Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • Goldman Sachs - Singapore
  • GMR Energy Limited - India
  • London Commodity Brokers - England
  • Alfred C Toepfer International GmbH - Germany
  • Dalmia Cement Bharat India
  • Shree Cement - India
  • Planning Commission, India
  • BRS Brokers - Singapore
  • JPMorgan - India
  • Eastern Energy - Thailand
  • globalCOAL - UK
  • Baramulti Group, Indonesia
  • TeaM Sual Corporation - Philippines
  • EIA - United States
  • Indorama - Singapore
  • Manunggal Multi Energi - Indonesia
  • Vale Mozambique
  • Jatenergy - Australia
  • Parry Sugars Refinery, India
  • Savvy Resources Ltd - HongKong
  • Arch Coal - USA
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Central Java Power - Indonesia
  • Malabar Cements Ltd - India
  • Deloitte Consulting - India
  • Ministry of Transport, Egypt
  • CCIC - Indonesia
  • Moodys - Singapore
  • PTC India Limited - India
  • White Energy Company Limited
  • Bangladesh Power Developement Board
  • HSBC - Hong Kong
  • Posco Energy - South Korea
  • Sree Jayajothi Cements Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • ETA - Dubai
  • Renaissance Capital - South Africa
  • PowerSource Philippines DevCo
  • PNOC Exploration Corporation - Philippines
  • Banpu Public Company Limited - Thailand
  • Singapore Mercantile Exchange
  • Carbofer General Trading SA - India
  • Xstrata Coal
  • GAC Shipping (India) Pvt Ltd
  • Grasim Industreis Ltd - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Thomson Reuters GRC
  • European Bulk Services B.V. - Netherlands
  • Kobexindo Tractors - Indoneisa
  • Gujarat Sidhee Cement - India
  • Surastha Cement
  • Cigading International Bulk Terminal - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Heidelberg Cement - Germany
  • Borneo Indobara - Indonesia
  • CNBM International Corporation - China
  • Ministry of Finance - Indonesia
  • Samsung - South Korea
  • Semirara Mining and Power Corporation, Philippines
  • Reliance Power - India
  • IMC Shipping - Singapore
  • Maheswari Brothers Coal Limited - India
  • Indian Oil Corporation Limited
  • Cement Manufacturers Association - India
  • Chettinad Cement Corporation Ltd - India
  • UBS Singapore
  • Asmin Koalindo Tuhup - Indonesia
  • Idemitsu - Japan
  • Bhushan Steel Limited - India
  • Coal India Limited
  • Gujarat Mineral Development Corp Ltd - India
  • Kepco SPC Power Corporation, Philippines
  • Makarim & Taira - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Peabody Energy - USA
  • JPower - Japan
  • Deutsche Bank - India
  • The University of Queensland
  • ANZ Bank - Australia
  • Madhucon Powers Ltd - India
  • Mjunction Services Limited - India
  • KPCL - India
  • Independent Power Producers Association of India
  • Thermax Limited - India
  • Interocean Group of Companies - India
  • Thailand Anthracite
  • Bangkok Bank PCL
  • Bukit Makmur.PT - Indonesia
  • Freeport Indonesia
  • Petron Corporation, Philippines
  • Runge Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Coalindo Energy - Indonesia
  • India Bulls Power Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Directorate Of Revenue Intelligence - India
  • Wood Mackenzie - Singapore
  • Bharathi Cement Corporation - India
  • Global Business Power Corporation, Philippines
  • The Treasury - Australian Government
  • McConnell Dowell - Australia
  • bp singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Kobe Steel Ltd - Japan
  • Asian Development Bank
  • Tata Power - India
  • UOB Asia (HK) Ltd
  • Sucofindo - Indonesia
  • Economic Council, Georgia
  • Mechel - Russia
  • ASAPP Information Group - India
  • Bayan Resources Tbk. - Indonesia
  • Platou - Singapore
  • Latin American Coal - Colombia
  • Ceylon Electricity Board - Sri Lanka
  • Anglo American - United Kingdom
  • Aboitiz Power Corporation - Philippines
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Malco - India
  • RBS Sempra - UK
  • IEA Clean Coal Centre - UK
  • SUEK AG - Indonesia
  • Indian School of Mines
  • Global Coal Blending Company Limited - Australia
  • Standard Chartered Bank - UAE
  • Tanito Harum - Indonesia
  • Bhoruka Overseas - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Lanco Infratech Ltd - India
  • Fearnleys - India
  • Maybank - Singapore
  • Kalimantan Lumbung Energi - Indonesia
  • Antam Resourcindo - Indonesia
  • Ministry of Mines - Canada
  • Mercuria Energy - Indonesia
  • Ince & co LLP
  • Siam City Cement - Thailand
  • Vedanta Resources Plc - India
  • Krishnapatnam Port Company Ltd. - India
  • ICICI Bank Limited - India
  • Sical Logistics Limited - India
  • Kaltim Prima Coal - Indonesia
  • Videocon Industries ltd - India
  • Coaltrans Conferences
  • Jaiprakash Power Ventures ltd
  • J M Baxi & Co - India
  • South Luzon Thermal Energy Corporation
  • ACC Limited - India
  • Star Paper Mills Limited - India
  • Indogreen Group - Indonesia
  • Coal and Oil Company - UAE
  • Simpson Spence & Young - Indonesia
  • NALCO India
  • Eastern Coal Council - USA
  • Glencore India Pvt. Ltd
  • Timah Investasi Mineral - Indoneisa
  • Coastal Gujarat Power Limited - India
  • BNP Paribas - Singapore
  • Rio Tinto Coal - Australia
  • Essar Steel Hazira Ltd - India