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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 September 15
U.S'S WEEKLY COAL PRODUCTION WAS ALMOST FLAT PAST WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.6 million shor ...
Thursday, 10 September 15
U.S. H1' 15 STEAM COAL EXPORTS FELL BY 21 PER CENT Y-Y: EIA
Coal Trade
Slower growth in world coal demand, lower international coal prices, and higher coal output in other coal-exporting countries have all ...
Thursday, 10 September 15
INDONESIAN COAL BENCHMARK PRICE HITS A NEW LOW OF $58.21 PER TON
COALspot.com - The Director General of Mineral and Coal of Indonesia once a again revised down Indonesian coal benchmark price to US$ 58.21 per MT ...
Thursday, 10 September 15
IF NOT NOW, WHEN? - GIANNIS ANDRITSOPOULOS
Our industry is well known to be cyclical with some cycles lasting longer than others. Despite the fact that these shifts in the behavior of the fr ...
Wednesday, 09 September 15
FOB INDONESIA COAL SWAP LOSE GROUND ON SLOWING DEMAND
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week.
The 4Q swap declined $ 1.92 (-4.52%) per t ...
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- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
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- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
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