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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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Friday, 26 December 14
SHIPS FACE LOWER SULPHUR FUEL REQUIREMENTS IN EMISSION CONTROL AREAS FROM 1 JANUARY 2015 - IMO
Ships trading in designated emission control areas will have to use on board fuel oil with a sulphur content of no more than 0.10% from 1 January 2 ...
Wednesday, 24 December 14
CAPE DEMAND WAS STILL EXTREMELY SOFT THIS PAST WEEK ACROSS BOTH BASINS - INTERMODAL
COALspot.com: The performance of the Dry Bulk market, which found itself in desperate search of support for yet another week, has left very little ...
Wednesday, 24 December 14
MARKET INSIGHT - JOHN N. COTZIAS, INTERMODAL SNP BROKER
The year is coming to an end, and we should be able to assess if this was a good year, a bad year, or even a lousy one? The answer clearly de ...
Tuesday, 23 December 14
Q1'15 FOB INDONESIA COAL SWAP GAINED 48 CENTS IN ONE WEEK
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month and gained week over week and day on day.
The Q1 swap has lo ...
Tuesday, 23 December 14
Q4'15 FOB RICHARDS BAY COAL SWAPS FALL $ 3.85 IN A MONTH
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month.
The Q1 swap has lost US$ 2.13 (-3.17%) month on month ...
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- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
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- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- The University of Queensland
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- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
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- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
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- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
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- Edison Trading Spa - Italy
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- Bayan Resources Tbk. - Indonesia
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- Australian Commodity Traders Exchange
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- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
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- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
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- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Latin American Coal - Colombia
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- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
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- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Australian Coal Association
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- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
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- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
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- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
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- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- White Energy Company Limited
- PTC India Limited - India
- The Treasury - Australian Government
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- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Planning Commission, India
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- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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