COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
North P&IKNOWLEDGE 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.

Recent News

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 ...


   621 622 623 624 625   
Showing 3111 to 3115 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Semirara Mining Corp, Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Cebu Energy, Philippines
  • Interocean Group of Companies - India
  • J M Baxi & Co - India
  • Trasteel International SA, Italy
  • Mitsubishi Corporation
  • Parliament of New Zealand
  • Tanito Harum - Indonesia
  • IMC Shipping - Singapore
  • ASAPP Information Group - India
  • Adaro Indonesia
  • Maruti Cements - India
  • Kideco Jaya Agung - Indonesia
  • Parry Sugars Refinery, India
  • Anglo American - United Kingdom
  • Electricity Generating Authority of Thailand
  • Coal India Limited
  • Ministry of Finance - Indonesia
  • ACC Limited - India
  • Georgia Ports Authority, United States
  • Credit Suisse - India
  • Britmindo - Indonesia
  • Kumho Petrochemical, South Korea
  • Marubeni Corporation - India
  • New Zealand Coal & Carbon
  • Sarangani Energy Corporation, Philippines
  • Australian Coal Association
  • Japan Coal Energy Center
  • Indian Oil Corporation Limited
  • Thomson Reuters GRC
  • Metalloyd Limited - United Kingdom
  • GNFC Limited - India
  • 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
  • Sucofindo - Indonesia
  • Humpuss - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • TANGEDCO India
  • Holcim Trading Pte Ltd - Singapore
  • SMC Global Power, Philippines
  • Glencore India Pvt. Ltd
  • 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
  • SGS (Thailand) Limited
  • Krishnapatnam Port Company Ltd. - India
  • Sical Logistics Limited - India
  • Rio Tinto Coal - Australia
  • Port Waratah Coal Services - Australia
  • Tata Power - India
  • Billiton Holdings Pty Ltd - Australia
  • ING Bank NV - Singapore
  • Renaissance Capital - South Africa
  • Arutmin Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Shenhua Group - China
  • Baramulti Group, Indonesia
  • Jaiprakash Power Ventures ltd
  • SN Aboitiz Power Inc, Philippines
  • Sinarmas Energy and Mining - Indonesia
  • Deutsche Bank - India
  • AsiaOL BioFuels Corp., Philippines
  • Simpson Spence & Young - Indonesia
  • IEA Clean Coal Centre - UK
  • Thailand Anthracite
  • Electricity Authority, New Zealand
  • Directorate Of Revenue Intelligence - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Iligan Light & Power Inc, Philippines
  • Russian Coal LLC
  • Uttam Galva Steels Limited - India
  • Sindya Power Generating Company Private Ltd
  • Africa Commodities Group - South Africa
  • Permata Bank - Indonesia
  • Borneo Indobara - Indonesia
  • Cement Manufacturers Association - India
  • GAC Shipping (India) Pvt Ltd
  • KPMG - USA
  • Toyota Tsusho Corporation, Japan
  • Coal Orbis AG
  • Inco-Indonesia
  • Pinang Coal Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • NTPC Limited - India
  • Singapore Mercantile Exchange
  • Freeport Indonesia
  • Straits Asia Resources Limited - Singapore
  • Aboitiz Power Corporation - Philippines
  • MS Steel International - UAE
  • Bukit Baiduri Energy - Indonesia
  • Global Business Power Corporation, Philippines
  • McKinsey & Co - India
  • CCIC - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Runge Indonesia
  • Xstrata Coal
  • APGENCO India
  • Therma Luzon, Inc, Philippines
  • Total Coal South Africa
  • World Bank
  • Ministry of Transport, Egypt
  • San Jose City I Power Corp, Philippines
  • CESC Limited - India
  • Samtan Co., Ltd - South Korea
  • Samsung - South Korea
  • India Bulls Power Limited - India
  • Vale Mozambique
  • Geoservices-GeoAssay Lab
  • Central Electricity Authority - India
  • Rudhra Energy - India
  • Ind-Barath Power Infra Limited - India
  • ANZ Bank - Australia
  • Platou - Singapore
  • Orica Mining Services - Indonesia
  • Jindal Steel & Power Ltd - India
  • RBS Sempra - UK
  • PNOC Exploration Corporation - Philippines
  • Maheswari Brothers Coal Limited - India
  • GB Group - China
  • KPCL - India
  • Cosco
  • Formosa Plastics Group - Taiwan
  • White Energy Company Limited
  • Planning Commission, India
  • Mechel - Russia
  • Coaltrans Conferences
  • Ernst & Young Pvt. Ltd.
  • Maersk Broker
  • TNB Fuel Sdn Bhd - Malaysia
  • BRS Brokers - Singapore
  • Cargill India Pvt Ltd
  • Energy Link Ltd, New Zealand
  • Gresik Semen - Indonesia
  • Savvy Resources Ltd - HongKong
  • GN Power Mariveles Coal Plant, Philippines
  • Coeclerici Indonesia
  • Oldendorff Carriers - Singapore
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Jatenergy - Australia
  • Indogreen Group - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Energy Development Corp, Philippines
  • The University of Queensland
  • Global Coal Blending Company Limited - Australia
  • EIA - United States
  • Salva Resources Pvt Ltd - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Posco Energy - South Korea
  • DBS Bank - Singapore
  • Gujarat Electricity Regulatory Commission - India
  • Eastern Coal Council - USA
  • IBC Asia (S) Pte Ltd
  • Platts
  • Aditya Birla Group - India
  • Romanian Commodities Exchange
  • Coal and Oil Company - UAE
  • Australian Commodity Traders Exchange
  • Mercuria Energy - Indonesia
  • World Coal - UK
  • Core Mineral Indonesia
  • Mitra SK Pvt Ltd - India
  • Siam City Cement - Thailand
  • Noble Europe Ltd - UK
  • Wilmar Investment Holdings
  • Thermax Limited - India
  • Deloitte Consulting - India
  • Inspectorate - India
  • Panama Canal Authority
  • Tamil Nadu electricity Board
  • Sojitz Corporation - Japan
  • Orica Australia Pty. Ltd.
  • Videocon Industries ltd - India
  • Bhatia International Limited - India
  • Bulk Trading Sa - Switzerland
  • KOWEPO - South Korea
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Qatrana Cement - Jordan
  • Siam City Cement PLC, Thailand
  • The India Cements Ltd
  • Fearnleys - India
  • Rashtriya Ispat Nigam Limited - India
  • Argus Media - Singapore
  • Indonesian Coal Mining Association
  • Manunggal Multi Energi - Indonesia
  • Asian Development Bank
  • Maybank - Singapore
  • PLN - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Idemitsu - Japan
  • UBS Singapore
  • Power Finance Corporation Ltd., India
  • Moodys - Singapore
  • OPG Power Generation Pvt Ltd - India
  • McConnell Dowell - Australia
  • Kartika Selabumi Mining - Indonesia
  • Asia Cement - Taiwan
  • Malco - India
  • PetroVietnam
  • Karbindo Abesyapradhi - Indoneisa
  • Adani Power Ltd - India
  • Berau Coal - Indonesia
  • Dalmia Cement Bharat India
  • The Treasury - Australian Government
  • GHCL Limited - India
  • Indorama - Singapore
  • Bangladesh Power Developement Board
  • Cemex - Philippines
  • Petrosea - Indonesia
  • Grasim Industreis Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • Cigading International Bulk Terminal - Indonesia
  • Indian School of Mines
  • SASOL - South Africa
  • 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
  • IOL Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Ince & co LLP
  • TRAFIGURA, South Korea
  • SUEK AG - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • LBH Netherlands Bv - Netherlands
  • Bhoruka Overseas - Indonesia
  • JPMorgan - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • bp singapore
  • Kaltim Prima Coal - Indonesia
  • HSBC - Hong Kong
  • Kobe Steel Ltd - Japan
  • MEC Coal - Indonesia
  • Eastern Energy - Thailand
  • TNPL - India
  • 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
  • Merrill Lynch Bank
  • Standard Chartered Bank - UAE
  • The State Trading Corporation of India Ltd
  • Independent Power Producers Association of India
  • Economic Council, Georgia
  • JPower - Japan
  • Bayan Resources Tbk. - Indonesia
  • TGV SRAAC LIMITED, India
  • Chamber of Mines of South Africa
  • Mercator Lines Limited - India
  • ETA - Dubai
  • U S Energy Resources
  • Timah Investasi Mineral - Indoneisa
  • Intertek Mineral Services - Indonesia
  • PTC India Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • CoalTek, United States
  • Kapuas Tunggal Persada - Indonesia
  • Medco Energi Mining Internasional
  • CNBM International Corporation - China
  • Pipit Mutiara Jaya. PT, Indonesia
  • Goldman Sachs - Singapore
  • Shree Cement - India
  • Bukit Makmur.PT - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Mjunction Services Limited - India
  • Binh Thuan Hamico - Vietnam
  • PLN Batubara - Indonesia
  • Barclays Capital - USA
  • Bhushan Steel Limited - India
  • Tata Chemicals Ltd - India
  • Clarksons - UK
  • Larsen & Toubro Limited - India
  • Bank of China, Malaysia
  • Latin American Coal - Colombia
  • Thiess Contractors Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Carbofer General Trading SA - India
  • IHS Mccloskey Coal Group - USA
  • WorleyParsons
  • EMO - The Netherlands
  • Gujarat Sidhee Cement - India
  • Thai Mozambique Logistica
  • Jorong Barutama Greston.PT - Indonesia
  • NALCO India
  • Heidelberg Cement - Germany
  • Sree Jayajothi Cements Limited - India
  • Wood Mackenzie - Singapore
  • Altura Mining Limited, Indonesia
  • Central Java Power - Indonesia
  • Enel Italy
  • Antam Resourcindo - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Vedanta Resources Plc - India
  • Coalindo Energy - Indonesia
  • Xindia Steels Limited - India
  • OCBC - Singapore
  • Cardiff University - UK
  • Ceylon Electricity Board - Sri Lanka
  • Mintek Dendrill Indonesia
  • KEPCO - South Korea
  • Minerals Council of Australia
  • London Commodity Brokers - England
  • Meralco Power Generation, Philippines
  • Mitsui
  • Vitol - Bahrain
  • Thriveni
  • Gupta Coal India Ltd
  • Surastha Cement
  • GMR Energy Limited - India
  • globalCOAL - UK
  • Infraline Energy - India
  • Reliance Power - India
  • Lafarge - France
  • South Luzon Thermal Energy Corporation
  • Ambuja Cements Ltd - India
  • SRK Consulting
  • Bank of America
  • Attock Cement Pakistan Limited
  • UOB Asia (HK) Ltd
  • BNP Paribas - Singapore
  • Petron Corporation, Philippines
  • Bangkok Bank PCL
  • 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
  • Peabody Energy - USA
  • Vizag Seaport Private Limited - India
  • Arch Coal - USA
  • Leighton Contractors Pty Ltd - Australia
  • Ministry of Mines - Canada
  • Indonesia Power. PT
  • ICICI Bank Limited - India
  • Indika Energy - Indonesia