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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 November 16
CHINA IS ESTIMATED TO SEE HIGHEST IMPORTED COAL DEMAND LEVEL IN 2017, POLL SAYS
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Monday, 21 November 16
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Monday, 21 November 16
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Friday, 18 November 16
CAPESIZE: THE COMMODITIES PRICES ARE INCREASING, RESULTING IN MORE DEMAND AND CONSEQUENTLY RATES ARE MAKING A BIG JUMP - FEARNLEYS
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Friday, 18 November 16
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- Binh Thuan Hamico - Vietnam
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- Mercuria Energy - Indonesia
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- Ministry of Mines - Canada
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- Energy Development Corp, Philippines
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- Indika Energy - Indonesia
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- Price Waterhouse Coopers - Russia
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- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
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- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
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- Indonesian Coal Mining Association
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- Chamber of Mines of South Africa
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- Independent Power Producers Association of India
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- SN Aboitiz Power Inc, Philippines
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- Wilmar Investment Holdings
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- Marubeni Corporation - India
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- Global Coal Blending Company Limited - Australia
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- Ministry of Transport, Egypt
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- Edison Trading Spa - Italy
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- Larsen & Toubro Limited - India
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- Deloitte Consulting - India
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Aditya Birla Group - India
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- New Zealand Coal & Carbon
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- Parliament of New Zealand
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- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- The University of Queensland
- McConnell Dowell - Australia
- Posco Energy - South Korea
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- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- SMC Global Power, Philippines
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- Commonwealth Bank - Australia
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- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
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- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
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- Siam City Cement PLC, Thailand
- White Energy Company Limited
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- Karbindo Abesyapradhi - Indoneisa
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- Energy Link Ltd, New Zealand
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- Directorate General of MIneral and Coal - Indonesia
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- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
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- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
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- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
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- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
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- Parry Sugars Refinery, India
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- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Planning Commission, India
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- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
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