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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, 08 September 15
FOB RICHARDS BAY COAL SWAPS CONTINUE TO SHOW DECLINING TREND
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined week over week and month over month.
The 4Q swap was down US$ ...
Tuesday, 08 September 15
GANGAVARAM PORT IN INDIA DISCHARGES RECORD 112,599 MT OF STEAM COAL IN 24 HOURS
COALspot.com: Gangavaram Port, an all weather, multipurpose port with water depth up-to 21 meters, capable of handling fully laden Super Cap ...
Monday, 07 September 15
THE MINE OF THE FUTURE WILL HAVE ONLY TWO EMPLOYEES, A MAN AND A DOG - SCOTT MCGOWAN
"The Technology and Innovation in Mining 2015" production team at Information Exchange Group interviewed Scott Mcgowan, Director, Global ...
Monday, 07 September 15
FOB NEWCASTLE COAL SWAP FOR Q2' 16 DELIVERY CLOSED US CENTS 25 LOWER COMPARED TO Q4' 15
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery declined $0.73 per MT (-1.68%) month over month to US$ 42.65 per mt. The sw ...
Monday, 07 September 15
CFR SOUTH CHINA COAL SWAPS ROSE 1.1 PER CENT WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 1.52 (3 %) per MT month over month.
A commodity sw ...
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Showing 2826 to 2830 news of total 6871 |
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- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
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- Latin American Coal - Colombia
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- Planning Commission, India
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- Deloitte Consulting - India
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- MS Steel International - UAE
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- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
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- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
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- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
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- The Treasury - Australian Government
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- GMR Energy Limited - India
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- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
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- Baramulti Group, Indonesia
- Australian Coal Association
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- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
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- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
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- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
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