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.
|
|
Thursday, 19 March 15
INDONESIAN COAL BENCHMARK SOAR 7.69% IN MARCH....!!!
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised up Indonesian coal benchmark prices to US$ 67.76 per MT in March ...
Wednesday, 18 March 15
AVERAGE RATE FOR CAPES MOVED TO BELOW $ 4K/DAY LAST WEEK - INTERMODAL
COALspot.com: The even heavier losses noted in the Capesize segment last week, denied the Dry Bulk market a third weekly positive, while the smalle ...
Wednesday, 18 March 15
PARKING THE CAPES - LINOS KOGEVINAS
It is no secret that recent times have been anything but kind towards shipping, and no sector has suffered more lately than the dry bulk one. While ...
Wednesday, 18 March 15
CHINA-OWNED SHIPS: A RAPID RISE TO BECOME ONE OF THE WORLD'S LARGEST FLEETS - RICHARD SCOTT
Ships operated by owners based in China have become increasingly prominent on the world’s sea routes. China-owned container ships, bulk carri ...
Wednesday, 18 March 15
Q2 INDONESIAN COAL SWAP DROP 1.45% M-O-M; GAIN 0.63% W-O-W
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 drop month on month and gained week over week.
The Q2 swap fell US$ 0.70 (1.45%) ...
|
|
|
Showing 3126 to 3130 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Planning Commission, India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
|
| |
| |
|
