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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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Thursday, 28 September 17
CHINESE GOVERNMENT TO CANCEL DOMESTIC IRON ORE MINING RIGHTS - JEFFREY LANDSBERG
It has been reported that China will cancel roughly one third of its iron ore mining licenses, says Commodore Research & Consultancy in its lat ...
Tuesday, 26 September 17
REDUCING THE RISK OF LIQUEFACTION - IUMI
KNOWLEDGE TO ELEVATE
Liquefaction is a phenomenon that can take place in granular materials, such as soil or fine ore, where the beh ...
Tuesday, 26 September 17
THE CURRENT HIGHS IN THE DRY BULK FREIGHT MARKET WILL SURELY BE SURPASSED AND BY A CONSIDERABLE MARGIN IN THE NEXT YEAR OR SO - GEORGE LAZARIDIS
The Dry Bulk market con!nues to show a strong face amidst the favorable tail winds being seen, which have helped the Bal!c Dry Index inch above the ...
Monday, 25 September 17
CHOICES FOR SHIPPING AS 2020 APPROACHES? - CLARKSONS
Historically, the fuel of choice for the vast majority of large cargo ships has been heavy fuel oil. But in 2020, sulphur oxide emissions will be c ...
Monday, 25 September 17
THE FREIGHT MARKET ROSE IN ALL SEGMENTS EXCEPT PANAMAX WEEK OVER WEEK
COALspot.com: The freight market rose in all segments except Panamax week over week. Mainly Cape has supported to boosted up BDI this past week, BD ...
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Showing 1931 to 1935 news of total 6871 |
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- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Star Paper Mills Limited - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
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