We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 25 March 15
MARKET INSIGHT: TANKER CHARTERING - KATERINA RESTIS
The 1st of January 2015, as broadly reported, denoted the beginning date of new and progressive emission regulations for vessels operating within t ...
Wednesday, 25 March 15
AUSTRALIA SET TO ONCE AGAIN BE THE WORLD'S LARGEST COAL EXPORTER - COAL, MINERALS COUNCIL OF AUSTRALIA
Greg Evans, Executive Director - Coal, Minerals Council of Australia
Media Release: The latest Resources and Energy Quarterly published by the ...
Wednesday, 25 March 15
AUSTRALIA UPSTREAM ENERGY FIRMS FACE RISING OIL PRICE EXPOSURE - FITCH
Fitch Ratings says the Australian oil and gas companies involved in exploration and production face higher exposure to oil price-linked revenues, w ...
Wednesday, 25 March 15
2014 : UK COAL IMPORTS DECLINED 17%; GERMANY COAL IMPORTS UP 6%
Hard Coal Market 2014: Despite The Energy Turnaround, Hard Coal Imports To Germany Rise By More Than 6%, Although Hard Coal-Fired Power Generation ...
Tuesday, 24 March 15
A WEAK WEEK FOR FOB INDONESIA COAL SWAP
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 drop month on month and week over week.
The Q2 swap fell US$ 2.48 (5.12%) month ...
|
|
|
Showing 3111 to 3115 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Indika Energy - Indonesia
|
| |
| |
|