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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, 01 April 15
SUPRAMAX & HANDY: RATES HELD STEADY TOWARDS THE WEEKEND
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Wednesday, 01 April 15
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COALspot.com: Indonesian coal swap for delivery Q2' 2015 drops month on month and week over week.
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Tuesday, 31 March 15
RICHARDS BAY COAL SWAPS GAIN WEEK OVER WEEK
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month but increased week on week.
The Q2 swap has ...
Monday, 30 March 15
WORST IS OVER FOR THE DRY BULK MARKET, BUT THE PAIN WILL REMAIN FOR YEARS TO COME, SAYS BIMCO CHIEF ANALYST - HELLENIC SHIPPING
The current demise of the dry bulk market isn’t one to go away anytime soon. That doesn’t mean that it can’t improve, with all sh ...
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- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
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- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Marubeni Corporation - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Planning Commission, India
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
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- TeaM Sual Corporation - Philippines
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- Indonesian Coal Mining Association
- VISA Power Limited - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
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- Commonwealth Bank - Australia
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- Indogreen Group - Indonesia
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- Parliament of New Zealand
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- The University of Queensland
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- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
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- Bharathi Cement Corporation - India
- Minerals Council of Australia
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- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
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- Coalindo Energy - Indonesia
- CNBM International Corporation - China
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- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
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- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Mintek Dendrill Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
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- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
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- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
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- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
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- South Luzon Thermal Energy Corporation
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- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
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- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
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- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
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- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
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