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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, 08 August 16
THE BALTIC EXCHANGE, TRACKING RATES FOR SHIPS CARRYING DRY BULK COMMODITIES SLIDE SLIGHTLY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Panamax and Supramax segments ending in ...
Monday, 08 August 16
ARE EXPENSES INCURRED DURING NEGOTIATION OF A PIRATE RANSOM RECOVERABLE IN GENERAL AVERAGE? - CLYDE&CO
KNOWLEDGE TO ELEVATE
Facts
The laden chemical tanker LONGCHAMP was transiting the Gulf of Aden on passage to Vietnam. The ship was subject t ...
Saturday, 06 August 16
DRY BULK SHIPPING CHARTER RATES TO RISE ON UNEXPECTED DEMAND GROWTH - DREWRY
Increasing trade and contracting supply will support a recovery in charter rates on major dry bulk shipping routes, with the prospect of China impo ...
Friday, 05 August 16
WEEKLY U.S. COAL OUTPUT TOTALED AN ESTIMATED 16.1 MMST IN THE WEEK ENDED JULY 30 - EIA
COALspot.com – U.S., the world’s second largest coal producers has produced approximately totalled an estimated 16.1 million short tons ...
Friday, 05 August 16
CAPESIZE : RATES ARE REMAINING AT DEPRESSING LEVELS DUE TO LACK OF FRESH CARGOES - FEARNLEYS
Supramax
Last week has been one of the slowest for some time with rates under pressure in most areas.
In its latest weekly report, shipbroke ...
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- OPG Power Generation Pvt Ltd - India
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- Merrill Lynch Commodities Europe
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- Energy Development Corp, Philippines
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- McConnell Dowell - Australia
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- Eastern Coal Council - USA
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- Minerals Council of Australia
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- Economic Council, Georgia
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- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
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- Planning Commission, India
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- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
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- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
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- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
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- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
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- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
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- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
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- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
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- Sarangani Energy Corporation, Philippines
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- Videocon Industries ltd - India
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- Indian Energy Exchange, India
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- Directorate General of MIneral and Coal - Indonesia
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- Parliament of New Zealand
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- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Xindia Steels Limited - India
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- Sakthi Sugars Limited - India
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- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
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- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
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- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
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- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Electricity Authority, New Zealand
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- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
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- Australian Coal Association
- Romanian Commodities Exchange
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- Attock Cement Pakistan Limited
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- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
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- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
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