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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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Thursday, 16 July 15
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Wednesday, 15 July 15
SAS TO BUILD 108 KM ROAD FOR COAL IN JAMBI, SAYS JAKARTA POST
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- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Planning Commission, India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- White Energy Company Limited
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
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