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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, 12 August 16
U.S. WEEKLY COAL OUTPUT ENDING AUGUST 6 FELL SLIGHTLY
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.9 million short ton ...
Thursday, 11 August 16
CAPESIZE THE PACIFIC SIDE IS LOOKING MORE POSITIVE, DRIVEN BY AUSTRALIAN IRON ORE - FEARNLEYS
Supramax
Rates continue to be under pressure with index ending up with 639 points and average TC value at USD6,680, said Fearnleys. Fearnleys A/S ...
Thursday, 11 August 16
EIA ESTIMATES THE DELIVERED COAL PRICE TO U.S. ELECTRIC UTILITIES IN 2017 AVERAGED $2.24/MMBTU; $0.05/MMBTU HIGHER THAN 2016 ESTIMATES
Coal Supply
U.S. coal production in July was 65 million short tons (MMst), an 8 MMst (14%) increase from the previous month but 11 MMst (15%) low ...
Wednesday, 10 August 16
THE DRY BULK MARKET KEPT SOFTENING LAST WEEK; WE CAN SEE MUCH HEALTHIER NUMBERS STARTING SEPTEMBER
The Dry Bulk market kept softening last week as we have now started going through the traditionally quieter days of the summer season peak period, ...
Wednesday, 10 August 16
THE INDONESIAN DRAFT NEW MINING LAW - AMENDMENTS TO THE 2009 MINING LAW
KNOWLEDGE TO ELEVATE
COALspot.com: A draft mining law published by Indonesia's Minister of Energy and Mineral Resources provides use ...
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- Central Java Power - Indonesia
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- Baramulti Group, Indonesia
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- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
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- GMR Energy Limited - India
- Indian Oil Corporation Limited
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- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
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- Indo Tambangraya Megah - Indonesia
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- Africa Commodities Group - South Africa
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- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- Chamber of Mines of South Africa
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- Kohat Cement Company Ltd. - Pakistan
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- Energy Development Corp, Philippines
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- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
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- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
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- Tamil Nadu electricity Board
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- Georgia Ports Authority, United States
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- London Commodity Brokers - England
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- The State Trading Corporation of India Ltd
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- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
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- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
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- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
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- Australian Coal Association
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- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- The Treasury - Australian Government
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- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
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- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Planning Commission, India
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- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
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- Bulk Trading Sa - Switzerland
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
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- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
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- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
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- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
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- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
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- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
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- Riau Bara Harum - Indonesia
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- Ministry of Mines - Canada
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- Makarim & Taira - Indonesia
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