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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, 04 May 17
SUPRAMAX: INDO COAL ROUNDS LEVELS WITH DELIVERY CHINA IS TRADING AROUND LOW $6K, TRIP BACK TO CHINA
Supramax
The short week brought weaker rates across all routes. Supras from USG to Japan were fixed around $19-20 k daily and from ECSA to ECI $1 ...
Wednesday, 03 May 17
MALAYSIA SEEMS AS BIGGEST ADARO COAL IMPORTER IN Q1' 17
COALspot.com: In 1Q17, 30% of Adaro's sales went to Indonesia, the data from unaudited consolidated financial statement shows.
Malaysia ca ...
Wednesday, 03 May 17
MARKET INSIGHT - STELIOS KOLLINTZAS
The overall performance of each sector within the edible oil markets has remained poor for the past weeks. Apart from the veg oil exports fro ...
Tuesday, 02 May 17
THE FREIGHT MARKET CONTINUE TO SLUMP THIS PAST WEEK
COALspot.com: The Freight market continues to slump this past week, as all segments except Handy Size show a negative downward trend.
The Balt ...
Friday, 28 April 17
U.S PRODUCED LESS COAL THIS PAST WEEK COMPARED TO THE PREVIOUS WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14 million short tons ( ...
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- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- PTC India Limited - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
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