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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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Monday, 07 March 16
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Thursday, 03 March 16
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Showing 2536 to 2540 news of total 6871 |
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- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- The University of Queensland
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- ICICI Bank Limited - India
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