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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, 13 October 17
U.S. COAL EXPORTS FOR THE FIRST SEVEN MONTHS OF 2017 TOTALED 51 MMST; UP 62% YOY, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million shor ...
Thursday, 12 October 17
THERMAL COAL PRICES IN EUROPE AND ASIA PUSHING HIGHER - DANIEL HYNES
Coal markets took the lead from the oil market, with thermal coal prices in Europe and Asia pushing higher says Daniel Hynes,Senior Commodity Strat ...
Wednesday, 11 October 17
2020 DEBATE AT IBIA'S LISW EVENT: COMPLIANCE & ENFORCEMENT – IT'S COMPLICATED : IBIA
There is no doubt about the start date for the 0.50% marine fuel sulphur limit in MARPOL Annex VI, but questions remain around how it will be enfor ...
Wednesday, 11 October 17
SHIPPING MARKET INSIGHT - TIMOS PPADIMITRIOU
With the majority of second-hand tonnage transactions taking place in the dry bulk sector it’s easy to lose sight of what is happening over a ...
Tuesday, 10 October 17
DELIVERY OF CARGO WITHOUT ORIGINAL BILLS OF LADING - UK P&I CLUB
KNOWLEDGE TO ELEVATE
- It is common in a lot of trades, whether bulk or oil, to accept a Letter of Indemnity (“LOI”) for non-produ ...
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Showing 1916 to 1920 news of total 6871 |
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- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- The University of Queensland
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
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