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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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Tuesday, 06 September 16
CAPESIZE: THE PACIFIC BASIN WAS THE MAIN REGION KEEPING UP WITH THE POSITIVE SUPPORT - ALLIED
Capesize
Despite some mixed feelings being seen early on in the week, we managed to see a positive week-on-week close on Friday with some positiv ...
Monday, 05 September 16
INDIA BECAME ADARO'S SECOND LARGEST MARKET IN 1H' 16
COALspot.com: The Wara Balangan blend product has been well received by customers in China and India - AI
In the second quarter of 2 ...
Monday, 05 September 16
POOR FREIGHT RATES DESPITE STRONG DEMAND GROWTH FROM CHINA - BIMCO
Demand
The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing ...
Monday, 05 September 16
FREIGHT RATE FROM INDONESIA TO INDIA IS EXPECTED TO BE FLAT TO SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 02 September 16
EIA FORECASTS U.S. COAL EXPORTS TO DECLINE BY 19 MMST IN 2016 TO 55 MMST
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.3 million sho ...
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- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- The University of Queensland
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Australian Coal Association
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
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