We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 22 April 16
U.S WEEKLY DOMESTIC COAL OUTPUT UP 8.2 PER CENT - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.1 million short tons (mm ...
Thursday, 21 April 16
PANAMAX: A VERY HEALTHY NORTH ATLANTIC FOR BOTH ROUNDS AND FRONTHAUL
Capesize
Correcting after last week's quadrupling.
This year's highest daily average of USD 8000 came on the back of substantial pro ...
Wednesday, 20 April 16
2017 IS EXPECTED TO BE A MUCH BETTER YEAR FOR THE SHIPPING INDUSTRY - INTERMODAL
Some months ago we noted that all projections anticipated 2016 to be a better year from a macroeconomic point of view when compared to 2015. As we ...
Tuesday, 19 April 16
STARS STILL SHINING? KEY IMPORTERS THROUGH THE TELESCOPE - CLARKSONS
As the pace of growth in Chinese seaborne imports has slowed, and prospects for a return to stronger rates of expansion appear to have diminished, ...
Monday, 18 April 16
INDONESIAN 5000 GAR COAL INDEX DECLINE 1.43 PERCENT WEEK OVER WEEK - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 1.43 percent week over week to averaging $38.65 per ton on this past Friday, ac ...
|
|
|
Showing 2466 to 2470 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
|
| |
| |
|
