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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, 19 January 16
HAPPY NEW YEAR, COAL PRODUCERS! OR MAYBE NOT - ANDY ROBERTS
To coal producers, 2015 must have seemed far longer than 365 days. From their perspective, as bad as markets were at the beginning of the year, and ...
Tuesday, 19 January 16
COALTRANS ASIA IS RETURNING TO BALI
22nd Coaltrans Asia
Coaltrans Asia is returning to Bali to bring together over 1000 industry decision makers and thought leaders for three day ...
Monday, 18 January 16
INDONESIAN 5700 GAR COAL INDEX ROSE 0.60% WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline slightly week over week to averaging $39.93 per ton on this past Friday, acc ...
Monday, 18 January 16
BALTIC DRY SHIPPING INDEX DROPS TO 373 POINTS; DECLINE 13% WEEK OVER WEEK
COALspot.com: The freight market dropped this week as the BDI declined further 13 percent to 373 points week over week. The Cape index ...
Monday, 18 January 16
Q1'16 CFR SOUTH CHINA COAL SWAP CLOSED AT $ 42.50 PER TON; UP 1% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery rose US$ 0.43 (1.02%) per ton month over month.
A commodity swap is ...
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- Independent Power Producers Association of India
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- The Treasury - Australian Government
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- Australian Commodity Traders Exchange
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- Merrill Lynch Commodities Europe
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
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- Wilmar Investment Holdings
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- Interocean Group of Companies - India
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- Energy Development Corp, Philippines
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- Parliament of New Zealand
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- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
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- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
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- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
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- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
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- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
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