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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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Thursday, 28 April 16
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Thursday, 28 April 16
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Cape
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Wednesday, 27 April 16
THE OCEAN SHIPPING EXPERIENCED DRAMATIC VOLATILITY IN THE BEGINNING OF 2016 - PANOS TSILINGIRIS
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Wednesday, 27 April 16
INDONESIAN COAL MINER KIDECO REPORTED NET PROFIT OF US$138.1 MILLION IN 2015
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- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
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- Wood Mackenzie - Singapore
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- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
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- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
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- Central Java Power - Indonesia
- Singapore Mercantile Exchange
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- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
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- Latin American Coal - Colombia
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- The Treasury - Australian Government
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- Semirara Mining Corp, Philippines
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- Aboitiz Power Corporation - Philippines
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- SMG Consultants - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
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- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
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- Wilmar Investment Holdings
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- Directorate Of Revenue Intelligence - India
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- ICICI Bank Limited - India
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
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- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
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- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
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- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
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- MS Steel International - UAE
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
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- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
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- Merrill Lynch Commodities Europe
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- PTC India Limited - India
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
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