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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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Friday, 11 March 16
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Showing 2526 to 2530 news of total 6871 |
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- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
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- Global Business Power Corporation, Philippines
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- Electricity Authority, New Zealand
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- Kohat Cement Company Ltd. - Pakistan
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- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
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- Africa Commodities Group - South Africa
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- Tata Chemicals Ltd - India
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- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
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- Parliament of New Zealand
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Romanian Commodities Exchange
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- Chamber of Mines of South Africa
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- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
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- Mercator Lines Limited - India
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- MS Steel International - UAE
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
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- India Bulls Power Limited - India
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- Georgia Ports Authority, United States
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- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
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- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
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- Oldendorff Carriers - Singapore
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- Planning Commission, India
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- Bangladesh Power Developement Board
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- White Energy Company Limited
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- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
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- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
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- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
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- Agrawal Coal Company - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
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- Dalmia Cement Bharat India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
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- CNBM International Corporation - China
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