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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, 17 May 16
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Monday, 16 May 16
OPEC SEES RIVAL OIL PRODUCTION DECLINING
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THE FREIGHT MARKET WAS WEAK AND ALL SEGMENTS EXCEPT PANAMAX WERE DOWN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week.
The freight market was weak and a ...
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- Eastern Coal Council - USA
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- Siam City Cement - Thailand
- McConnell Dowell - Australia
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- Mercator Lines Limited - India
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- Romanian Commodities Exchange
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- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
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- Posco Energy - South Korea
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- Ministry of Finance - Indonesia
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- Deloitte Consulting - India
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- MS Steel International - UAE
- Commonwealth Bank - Australia
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- Binh Thuan Hamico - Vietnam
- The University of Queensland
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- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- London Commodity Brokers - England
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- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
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- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
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- Maheswari Brothers Coal Limited - India
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- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
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- PowerSource Philippines DevCo
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- Singapore Mercantile Exchange
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- Economic Council, Georgia
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- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
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- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
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- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
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- GAC Shipping (India) Pvt Ltd
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- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
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- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
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- Australian Coal Association
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- Georgia Ports Authority, United States
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
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- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
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- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
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- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
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- Indonesian Coal Mining Association
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- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
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- Rio Tinto Coal - Australia
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- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
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- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
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