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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, 21 August 17
FIRM DEMAND FOR CAPES CONTINUE TO SUPPORT DRY BULK SHIPPING
COALspot.com: The freight market was continued to rose this past week compared to the previous weeks, as BDI, Cape and Panamax indexes show a posit ...
Friday, 18 August 17
U.S. WEEKLY COAL OUTPUT UP 2.1% WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short ton ...
Thursday, 17 August 17
DESPITE A HOLIDAY-DISRUPTED WEEK IT HAS BEEN A NEW ACTIVE WEEK FOR THE PANAMAXES - FEARNLEYS
Supramax
A very quiet start to the week with holidays in several countries. USG still bringing good results supported by a tight tonnage availabl ...
Monday, 14 August 17
CENTURIES ON, AND DRY BULK STILL RULES THE WAVES... - SARAH HOLDEN | CLARKSONS
By the late 1800s, the shipping industry had been transformed by the introduction of steam power and iron ships. Coal and grain were two of the mos ...
Monday, 14 August 17
THE FREIGHT MARKET CONTINUES ON AN UPWARD PATH
COALspot.com: The freight market was continued to rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positi ...
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Showing 1966 to 1970 news of total 6871 |
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- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- The University of Queensland
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
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