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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, 31 October 17
BALTIC DRY INDEX TAKES A BREAK FROM ITS UPWARD RALLY COURSE - GEORGE LAZARIDIS
It has been a week of corrections for the dry bulk freight market as it seems as the general Baltic Dry Index takes a break from its upward rally c ...
Friday, 27 October 17
U.S WEEKLY COAL PRODUCTION FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.9 million short tons ...
Thursday, 26 October 17
CYBER COVER FOR E-BILLS - PHILIP STEPHENSON
KNOWLEDGE TO ELEVATE
Increasingly popular electronic bills of lading are, by their nature, susceptible to the risk of cyber attack. Here, Stan ...
Thursday, 26 October 17
INDO TO CHINA ROUNDS SUPRAS ACHIEVING AROUND HIGH $14000 - FEARNLEYS
Supramax
By mid-week the market has been relatively quiet in the Pacific basin as well, but still some healthy rates being achieved on the differ ...
Thursday, 26 October 17
STRONG SIGNAL FOR AUSTRALIAN COAL DEMAND - GREG EVANS
The International Energy Agency’s Southeast Asia Energy Outlook report, released today, presents a positive outlook for Australian coal produ ...
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Showing 1901 to 1905 news of total 6871 |
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- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- The University of Queensland
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Australian Coal Association
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Siam City Cement - Thailand
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