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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, 01 September 17
U.S COAL OUTPUT DIPS WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.7 million short ton ...
Thursday, 31 August 17
SUPRAMAX: INDO TO CHINA COAL TRIPS AT AROUND $9000, DELIVERY THAILAND - FEARNLEYS
Supramax
A bit slow start to the week with UK holidays on Monday. Still strong rates for cargoes out of Black Sea, where front hauls where done $ ...
Tuesday, 29 August 17
WEEKLY SHIPPING MARKET ANALYSIS - ALLIED
In the aftermath of Hurricane Harvey, one of the worst disasters to hit Texas, we are now looking to get a clearer picture of the possible disrupti ...
Tuesday, 29 August 17
U.S WEEKLY COAL OUT UP 3.4% WEEK OVER WEEK TO APPROX. 17 MMST, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tonne ...
Thursday, 24 August 17
SUPRAMAX: LOW $10K FOR INDO COAL TRIPS TO INDIA; AROUND $10K FOR INDO TO CHINA TRIPS - FEARNLEYS
Supramax
This week Supras from the Black Sea on fhaul have seen numerous orders and improving rates.
53-57k dwt vessels have been fixed at e ...
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Showing 1956 to 1960 news of total 6871 |
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- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Planning Commission, India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- The University of Queensland
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
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