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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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Monday, 25 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FOURTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million short ton ...
Wednesday, 20 September 17
SHIPPING MARKET INSIGHT - INTERMODAL
An undoubtedly interesting market lately is the newbuilding market, in which we are witnessing numerous orders across all sectors and sizes. At the ...
Monday, 18 September 17
COAL PRICES WERE RELATIVELY UNCHANGED WEEK OVER WEEK - ANZ
COALspot.com: Coal prices were relatively unchanged, with most interest remaining in the thermal coal market said Daniel Hynes. However, falling st ...
Monday, 18 September 17
PROSPECTS ARE NOT SO CLEAR CUT FOR COAL - CLARKSONS
Prospects are not so clear-cut for coal. According to Clarksons, coal has been a key energy source since the Industrial Revolution and in 2016, ste ...
Friday, 15 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE THIRD WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
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Showing 1936 to 1940 news of total 6871 |
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- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Economic Council, Georgia
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- The University of Queensland
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- MS Steel International - UAE
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
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