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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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Wednesday, 17 June 15
PANAMAX RATE AVERAGED $22.82 PMT IN THE FIRST 10 DAYS OF JUNE FOR THE GRAIN ROUTE FROM SANTOS, BRAZIL, TO QINGDAO, CHINA - INTERMODAL
This year, Brazil will be exporting a record 96 million tons of soybean crop and starting in August the country will begin shipping a second corn c ...
Tuesday, 16 June 15
MERS: POTENTIAL CHARTERPARTY IMPLICATIONS - CLYDE & CO
KNOWLEDGE TO ELEVATE
South Korea's current outbreak of Middle East Respiratory Syndrome (MERS) has been the focus of much international at ...
Tuesday, 16 June 15
Q3 FOB INDONESIA COAL SWAP PRICE DOWN 50 CENTS OVER PAST WEEK
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains month on month but declined week over week, this past week.
The Q3 swap was clim ...
Tuesday, 16 June 15
FOB RICHARDS BAY COAL SWAPS: PRICES MOVED UP ON THE WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 rose month over month and week over week.
The Q3 swap was up US$ 1.70 ...
Monday, 15 June 15
API 5 FOB NEWCASTLE COAL SWAP: Q1'16 DELIVERY CLOSED 1.14% LOWER THAN Q4'15 DELIVERY PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery up $ 1.10 per MT (2.47%) month over month to US$ 45.67 per mt. The swap ...
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- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
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