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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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Monday, 08 June 15
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A commodity swap is a ...
Sunday, 07 June 15
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Friday, 05 June 15
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- Sojitz Corporation - Japan
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- India Bulls Power Limited - India
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- Price Waterhouse Coopers - Russia
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- Planning Commission, India
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- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
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- MS Steel International - UAE
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- Indonesian Coal Mining Association
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- Indika Energy - Indonesia
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- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
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- Global Green Power PLC Corporation, Philippines
- The University of Queensland
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- Singapore Mercantile Exchange
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- Pipit Mutiara Jaya. PT, Indonesia
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- Australian Coal Association
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- Petron Corporation, Philippines
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- Simpson Spence & Young - Indonesia
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- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- White Energy Company Limited
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- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
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- Gujarat Sidhee Cement - India
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- Minerals Council of Australia
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- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
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- PowerSource Philippines DevCo
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- Heidelberg Cement - Germany
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- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
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