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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, 12 September 17
KOMIPO TO IMPORT 2.5 MILLION TONS OF 5700 NAR COAL FOR 5 YEARS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 500,000 Metric Tons of Bituminous ...
Monday, 11 September 17
A PUNCHY WEEK FOR THE BIG SHIPS AS THE RATE FOR WEST AUSTRALIA TO CHINA HIT $8.00 THE FIRST TIME IN NEARLY THREE YEARS - BALTIC EXCHANGE
Capesize
A punchy week for the big ships as the rate for West Australia/China hit $8.00 the first time in nearly three years. A Jiangsu Steamship ...
Monday, 11 September 17
INDONESIAN ICPR SURGES HIGHER, POSTS BIGGEST MONTHLY RISE SINCE DECEMBER 2016, ESDM DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 9.60% in September, government data showed.
The benchmark price of Indonesian th ...
Monday, 11 September 17
KOMIPO INVITED BIDS FOR TOTAL 6.235 MMT OF 5700 AND 5100 NAR COAL FOR 2017 TO 2022 LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,590,000 Metric Tons of Bitumino ...
Monday, 11 September 17
THE FREIGHT MARKET ROSE WEEK OVER WEEK; BCI UP 22.22% & BPI UP 14.77%
COALspot.com: The freight market rose in all segments week over week. Mainly Cape and Panamax have supported to pushed up BDI this past week, BDI, ...
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Showing 1946 to 1950 news of total 6871 |
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- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- PTC India Limited - India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Planning Commission, India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
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