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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, 13 January 17
U.S. COAL PRICES TO INCREASE IN 2017 AND IN 2018 - EIA
Coal Supply
EIA estimates that U.S. coal production declined by 158 million short tons (MMst) (18%) in 2016, to 739 MMst, which would be the lowe ...
Friday, 13 January 17
U.S. COAL IMPORTS IN THIRD QUARTER 2016 TOTALED 2.7 MMST, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 13.8 million short ton ...
Thursday, 12 January 17
ASIA: COAL'S FUTURE - BENJAMIN SPORTON
As economies develop and the United Nations’ Sustainable Development Goals (SDGs) are realised, demand for energy will increase as more peopl ...
Wednesday, 11 January 17
MARKET INSIGHT - GEORGE DERMATIS
A new year has dawned upon us and it sure promises to be an exciting one which makes it practically impossible to resist the challenge of making a ...
Tuesday, 10 January 17
SHIPPING MARKET 2017
After having entered into a New Year, fresh hopes seem to be high for this to be the turning point in the market that many have been looking forwar ...
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- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Marubeni Corporation - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
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