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, 13 August 15
THE RATES FOR CAPES KEPT RALLYING LAST WEEK - INTERMODAL
COALspot.com: Strong Capesize performance kept supporting the Dry Bulk market last week, which noted another positive weekly closing, while rates f ...


Thursday, 13 August 15
FOB RICHARDS BAY COAL SWAPS CONTINUE FALLING
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week. The 4Q swap was down US$ ...


Wednesday, 12 August 15
DRY BULK MARKET: WITHOUT A DOUBT REACHED HEALTHIER LEVEL
A few weeks before the end of the summer season, the BDI is hovering around 1,200 points, providing some much needed optimism to all Dry Bulk marke ...


Wednesday, 12 August 15
REGULATION CURBS POWER OF LOCAL AUTHORITIES IN MINING SECTOR IN INDONESIA - FLORENCE G. SANTOSO
The Indonesian Government appears to be getting serious about stripping Regents of the authority to issue mining licenses. The Government took the ...


Wednesday, 12 August 15
FOB NEWCASTLE COAL SWAP FLAT WEEK OVER WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 0.98 per MT (-2.20%) month over month to US$ 43.65 per mt. The swap ...


   573 574 575 576 577   
Showing 2871 to 2875 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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