COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
North P&IKNOWLEDGE 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


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 03 December 15
PANAMAX BUSINESS REMAINED UNDER PRESSURE LAST WEEK
COALspot.com: Following the new record lows the Dry Bulk market witnessed the week prior, the BDI took a much needed breath during the past days. ...


Wednesday, 02 December 15
Q3' 16 FOB RICHARDS BAY COAL SWAP SLIGHTLY UP FOR THE THIRD STRAIGHT WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 up month over month and fell week over week. The Q1’ 2016 &nbs ...


Wednesday, 02 December 15
MARKET INSIGHT - VASSILIS LOGOTHETIS
Boom and bust cycles in commodity prices are not something rare, yet they have important implications both for the world economy in general and for ...


Tuesday, 01 December 15
FOB NEWCASTLE COAL SWAP UP THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $3.75 per ton (9.26%) month over month to US$ 36.75 per ton. The swap ...


Tuesday, 01 December 15
TANKERS VERSUS BULKERS - JUST PLAYING CATCH UP? - CLARKSONS
It’s now more than a year since the tanker market took off. In mid-2014 tanker earnings picked up and since then have been in the $30-$40,000 ...


   534 535 536 537 538   
Showing 2676 to 2680 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Kohat Cement Company Ltd. - Pakistan
  • Lafarge - France
  • CIMB Investment Bank - Malaysia
  • Neyveli Lignite Corporation Ltd, - India
  • Gresik Semen - Indonesia
  • Dalmia Cement Bharat India
  • Surastha Cement
  • Jaiprakash Power Ventures ltd
  • Cardiff University - UK
  • Freeport Indonesia
  • Vale Mozambique
  • Directorate General of MIneral and Coal - Indonesia
  • ETA - Dubai
  • Pendopo Energi Batubara - Indonesia
  • Sical Logistics Limited - India
  • Edison Trading Spa - Italy
  • Directorate Of Revenue Intelligence - India
  • Electricity Generating Authority of Thailand
  • Thiess Contractors Indonesia
  • Indonesia Power. PT
  • Borneo Indobara - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • GMR Energy Limited - India
  • Heidelberg Cement - Germany
  • KOWEPO - South Korea
  • Therma Luzon, Inc, Philippines
  • Permata Bank - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Kepco SPC Power Corporation, Philippines
  • Rudhra Energy - India
  • Central Electricity Authority - India
  • Samsung - South Korea
  • Indian Oil Corporation Limited
  • Barclays Capital - USA
  • ASAPP Information Group - India
  • TNPL - India
  • Coaltrans Conferences
  • Fearnleys - India
  • Humpuss - Indonesia
  • Jindal Steel & Power Ltd - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Price Waterhouse Coopers - Russia
  • Semirara Mining Corp, Philippines
  • Wood Mackenzie - Singapore
  • Glencore India Pvt. Ltd
  • Credit Suisse - India
  • Petron Corporation, Philippines
  • IMC Shipping - Singapore
  • LBH Netherlands Bv - Netherlands
  • Global Business Power Corporation, Philippines
  • Pinang Coal Indonesia
  • Bhushan Steel Limited - India
  • Latin American Coal - Colombia
  • Georgia Ports Authority, United States
  • Marubeni Corporation - India
  • Parliament of New Zealand
  • Adani Power Ltd - India
  • Reliance Power - India
  • European Bulk Services B.V. - Netherlands
  • SMC Global Power, Philippines
  • Central Java Power - Indonesia
  • Metalloyd Limited - United Kingdom
  • GVK Power & Infra Limited - India
  • Thailand Anthracite
  • SMG Consultants - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Alfred C Toepfer International GmbH - Germany
  • Mitra SK Pvt Ltd - India
  • London Commodity Brokers - England
  • Oldendorff Carriers - Singapore
  • Britmindo - Indonesia
  • CNBM International Corporation - China
  • Clarksons - UK
  • Sree Jayajothi Cements Limited - India
  • Merrill Lynch Commodities Europe
  • Cigading International Bulk Terminal - Indonesia
  • Bank of China, Malaysia
  • Sindya Power Generating Company Private Ltd
  • Makarim & Taira - Indonesia
  • Platou - Singapore
  • Uttam Galva Steels Limited - India
  • Simpson Spence & Young - Indonesia
  • GB Group - China
  • Indonesian Coal Mining Association
  • Mercuria Energy - Indonesia
  • Cement Manufacturers Association - India
  • Sarangani Energy Corporation, Philippines
  • The Treasury - Australian Government
  • Wilmar Investment Holdings
  • Siam City Cement PLC, Thailand
  • Pipit Mutiara Jaya. PT, Indonesia
  • Mjunction Services Limited - India
  • IEA Clean Coal Centre - UK
  • Indika Energy - Indonesia
  • Chamber of Mines of South Africa
  • AsiaOL BioFuels Corp., Philippines
  • Orica Mining Services - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Kideco Jaya Agung - Indonesia
  • Deloitte Consulting - India
  • Adaro Indonesia
  • Sojitz Corporation - Japan
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Aboitiz Power Corporation - Philippines
  • Timah Investasi Mineral - Indoneisa
  • Bhoruka Overseas - Indonesia
  • bp singapore
  • Siam City Cement - Thailand
  • Lanco Infratech Ltd - India
  • U S Energy Resources
  • globalCOAL - UK
  • Ministry of Transport, Egypt
  • Energy Development Corp, Philippines
  • GN Power Mariveles Coal Plant, Philippines
  • Petrosea - Indonesia
  • Inco-Indonesia
  • World Coal - UK
  • Kapuas Tunggal Persada - Indonesia
  • World Bank
  • Formosa Plastics Group - Taiwan
  • Ministry of Mines - Canada
  • Total Coal South Africa
  • Semirara Mining and Power Corporation, Philippines
  • Indo Tambangraya Megah - Indonesia
  • Inspectorate - India
  • Attock Cement Pakistan Limited
  • Orica Australia Pty. Ltd.
  • Global Green Power PLC Corporation, Philippines
  • PowerSource Philippines DevCo
  • WorleyParsons
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Maersk Broker
  • TeaM Sual Corporation - Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • EIA - United States
  • TNB Fuel Sdn Bhd - Malaysia
  • KPCL - India
  • Jorong Barutama Greston.PT - Indonesia
  • Arutmin Indonesia
  • Antam Resourcindo - Indonesia
  • Grasim Industreis Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • Geoservices-GeoAssay Lab
  • Gujarat Electricity Regulatory Commission - India
  • Maharashtra Electricity Regulatory Commission - India
  • Romanian Commodities Exchange
  • Renaissance Capital - South Africa
  • Malco - India
  • Medco Energi Mining Internasional
  • JPower - Japan
  • Panama Canal Authority
  • SGS (Thailand) Limited
  • Cemex - Philippines
  • Miang Besar Coal Terminal - Indonesia
  • Goldman Sachs - Singapore
  • Coalindo Energy - Indonesia
  • Malabar Cements Ltd - India
  • RBS Sempra - UK
  • Australian Coal Association
  • Star Paper Mills Limited - India
  • Idemitsu - Japan
  • Savvy Resources Ltd - HongKong
  • Kalimantan Lumbung Energi - Indonesia
  • Trasteel International SA, Italy
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Essar Steel Hazira Ltd - India
  • CoalTek, United States
  • Economic Council, Georgia
  • ING Bank NV - Singapore
  • Baramulti Group, Indonesia
  • NTPC Limited - India
  • Agrawal Coal Company - India
  • Barasentosa Lestari - Indonesia
  • Jatenergy - Australia
  • PNOC Exploration Corporation - Philippines
  • South Luzon Thermal Energy Corporation
  • J M Baxi & Co - India
  • Asian Development Bank
  • SUEK AG - Indonesia
  • Coal and Oil Company - UAE
  • Kumho Petrochemical, South Korea
  • Ministry of Finance - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • PTC India Limited - India
  • Minerals Council of Australia
  • Petrochimia International Co. Ltd.- Taiwan
  • Shree Cement - India
  • Bukit Baiduri Energy - Indonesia
  • The University of Queensland
  • UOB Asia (HK) Ltd
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Mechel - Russia
  • Bangladesh Power Developement Board
  • TRAFIGURA, South Korea
  • SASOL - South Africa
  • MS Steel International - UAE
  • Tamil Nadu electricity Board
  • Rio Tinto Coal - Australia
  • BRS Brokers - Singapore
  • ICICI Bank Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • UBS Singapore
  • Riau Bara Harum - Indonesia
  • ACC Limited - India
  • Bharathi Cement Corporation - India
  • Energy Link Ltd, New Zealand
  • Ceylon Electricity Board - Sri Lanka
  • Singapore Mercantile Exchange
  • PLN - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Madhucon Powers Ltd - India
  • IOL Indonesia
  • EMO - The Netherlands
  • Enel Italy
  • Independent Power Producers Association of India
  • PetroVietnam Power Coal Import and Supply Company
  • Infraline Energy - India
  • Xstrata Coal
  • HSBC - Hong Kong
  • Maybank - Singapore
  • Binh Thuan Hamico - Vietnam
  • IHS Mccloskey Coal Group - USA
  • Larsen & Toubro Limited - India
  • Iligan Light & Power Inc, Philippines
  • Gujarat Sidhee Cement - India
  • TGV SRAAC LIMITED, India
  • Bayan Resources Tbk. - Indonesia
  • PetroVietnam
  • Kobexindo Tractors - Indoneisa
  • Bukit Asam (Persero) Tbk - Indonesia
  • San Jose City I Power Corp, Philippines
  • Peabody Energy - USA
  • Straits Asia Resources Limited - Singapore
  • Argus Media - Singapore
  • The State Trading Corporation of India Ltd
  • Cebu Energy, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Cargill India Pvt Ltd
  • Thomson Reuters GRC
  • VISA Power Limited - India
  • Vizag Seaport Private Limited - India
  • Sakthi Sugars Limited - India
  • Russian Coal LLC
  • Vitol - Bahrain
  • Berau Coal - Indonesia
  • JPMorgan - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • McKinsey & Co - India
  • Thermax Limited - India
  • Australian Commodity Traders Exchange
  • Bulk Trading Sa - Switzerland
  • Electricity Authority, New Zealand
  • Mercator Lines Limited - India
  • Planning Commission, India
  • Toyota Tsusho Corporation, Japan
  • Asmin Koalindo Tuhup - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Eastern Coal Council - USA
  • ANZ Bank - Australia
  • Port Waratah Coal Services - Australia
  • Japan Coal Energy Center
  • APGENCO India
  • Core Mineral Indonesia
  • Ind-Barath Power Infra Limited - India
  • Ince & co LLP
  • GHCL Limited - India
  • CESC Limited - India
  • Cosco
  • The India Cements Ltd
  • Vijayanagar Sugar Pvt Ltd - India
  • Indogreen Group - Indonesia
  • Qatrana Cement - Jordan
  • Kobe Steel Ltd - Japan
  • Merrill Lynch Bank
  • Parry Sugars Refinery, India
  • Gujarat Mineral Development Corp Ltd - India
  • Samtan Co., Ltd - South Korea
  • Asia Cement - Taiwan
  • Arch Coal - USA
  • IBC Asia (S) Pte Ltd
  • Coal India Limited
  • White Energy Company Limited
  • Tata Power - India
  • Meralco Power Generation, Philippines
  • Mitsubishi Corporation
  • Bhatia International Limited - India
  • Globalindo Alam Lestari - Indonesia
  • MEC Coal - Indonesia
  • Platts
  • Gupta Coal India Ltd
  • KPMG - USA
  • Coal Orbis AG
  • Intertek Mineral Services - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Noble Europe Ltd - UK
  • Ambuja Cements Ltd - India
  • India Bulls Power Limited - India
  • Anglo American - United Kingdom
  • Eastern Energy - Thailand
  • SRK Consulting
  • Runge Indonesia
  • Mintek Dendrill Indonesia
  • CCIC - Indonesia
  • Posco Energy - South Korea
  • Sinarmas Energy and Mining - Indonesia
  • Tanito Harum - Indonesia
  • Tata Chemicals Ltd - India
  • DBS Bank - Singapore
  • Africa Commodities Group - South Africa
  • Standard Chartered Bank - UAE
  • Maruti Cements - India
  • Bangkok Bank PCL
  • Coastal Gujarat Power Limited - India
  • McConnell Dowell - Australia
  • Sucofindo - Indonesia
  • Commonwealth Bank - Australia
  • Krishnapatnam Port Company Ltd. - India
  • New Zealand Coal & Carbon
  • Videocon Industries ltd - India
  • Bukit Makmur.PT - Indonesia
  • Coeclerici Indonesia
  • Xindia Steels Limited - India
  • NALCO India
  • BNP Paribas - Singapore
  • Altura Mining Limited, Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Moodys - Singapore
  • Karaikal Port Pvt Ltd - India
  • Indorama - Singapore
  • Thai Mozambique Logistica
  • Deutsche Bank - India
  • TANGEDCO India
  • Salva Resources Pvt Ltd - India
  • GNFC Limited - India
  • Interocean Group of Companies - India
  • Vedanta Resources Plc - India
  • OCBC - Singapore
  • Banpu Public Company Limited - Thailand
  • Leighton Contractors Pty Ltd - Australia
  • Kaltim Prima Coal - Indonesia
  • PLN Batubara - Indonesia
  • Carbofer General Trading SA - India
  • Aditya Birla Group - India
  • Global Coal Blending Company Limited - Australia
  • Bank of America
  • Power Finance Corporation Ltd., India
  • Indian Energy Exchange, India
  • Mitsui
  • Shenhua Group - China
  • Indian School of Mines
  • Thriveni
  • Meenaskhi Energy Private Limited - India
  • KEPCO - South Korea
  • Rashtriya Ispat Nigam Limited - India