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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, 29 February 16
BALTIC INDEX INCHES UP THIS PAST WEEK AS SMALLER VESSELS LEND SUPPORT
COALspot.com: The freight markets rose slightly this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global ...
Monday, 29 February 16
LOSS OF EARNINGS IN THE WAKE OF A COLLISION - GARD
KNOWLEDGE TO ELEVATE
A shipowner’s loss of earnings can form a significant part of a collision claim. Awareness of the ways of calculati ...
Friday, 26 February 16
U.S WEEKLY COAL PRODUCTION UP SLIGHTLY
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.4 million shor ...
Thursday, 25 February 16
DRY BULKERS ARE SCRAPPED AT RECORD PACE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The newbuilding market is at a lull these days, as ship owners are focusing on two fronts, getting rid of excess dry bulk tonnage and snapping up b ...
Wednesday, 24 February 16
HOW IS THE FUEL MIX FOR U.S. ELECTRICITY GENERATION CHANGING? - EIA
In recent years, there have been changes in the mix of fuels used to generate electricity in the United States. Natural gas and renewable energy so ...
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- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
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