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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, 15 March 16
ADARO ENERGY LOWERED ITS COAL CASH COST BY 16% TO US$ 27.98 PER TONE IN 2015
Difficult Coal Market Condition Persists in 2015, Adaro Lowers Costs, Reduces Capital Spending and Maintains Solid Liquidity.
PT Adaro E ...
Monday, 14 March 16
THE CS 50 INDEX ROSE $0.16 OR, 0.41% TO $38.82 A TON
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.41 percent week over week to averaging $38.82 per ton on this past Friday, ac ...
Monday, 14 March 16
THE BALTIC EXCHANGE CONTINUED TO ROSE THIS PAST WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rise this week helped by higher rates for pa ...
Saturday, 12 March 16
PLN, COAL COMPANIES IN TALKS ABOUT PRICES - THE JAKARTA POST
Following a study that predicted that Indonesia would struggle to provide coal for its power stations in the near future, the government will facil ...
Friday, 11 March 16
ADANI GLOBAL BAGS 0.26 MILLION TONS OF COAL CONTRACT FROM LANKA COAL COMPANY
COALspot.com: Lanka Coal Company (Private) Limited, Sri Lanka has awarded 260,000 +/- 10% tons of Power plant 6300 GAR calorific value coal to Adan ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- PTC India Limited - India
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
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