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.
|
|
Sunday, 08 March 15
FREIGHT RATES FROM INDONESIA TO INDIA IS TRENDING UP
COALspot.com: The freight market continued to see gains this week and all the indices were rose except for Cape index. The BDI was increased 4.62 p ...
Friday, 06 March 15
BALTIC DRY INDEX: IS THIS POWERFUL INDICATOR SIGNALING A GLOBAL RECESSION? - STREET AUTHORITY
Although memories of the Great Recession linger, a case can be made that better days lie ahead.
That’s because central banks around the ...
Friday, 06 March 15
U.S. WEEKLY COAL PRODUCTION ROSE 3.5% WEEK ON WEEK
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.1 million short tons (mmst) of coal ...
Thursday, 05 March 15
PANAMAX : THE ATLANTIC ROUND IS NOW PAYING AROUND US$ 5K PER DAY
COALspot.com: Handy - The activity in the handy/supra segment is back. “ We see more fresh cargo in the market for 2nd half March dates ...
Thursday, 05 March 15
INDIA WILL BE THE LARGEST DRIVER OF GLOBAL SEABORNE COKING COAL DEMAND GROWTH IN 2015 - WOOD MACKENZIE
Global demand growth will remain weak because of China’s negative demand growth.
COALspot.com: At Coaltrans India, Wood Mackenzie says I ...
|
|
|
Showing 3156 to 3160 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Planning Commission, India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
|
| |
| |
|