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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, 06 July 17
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Showing 2011 to 2015 news of total 6871 |
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- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
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