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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, 19 December 14
U.S WEEKLY COAL PRODUCTION REACHED APPROXIMATELY 19.8 MMST; UP 1.0% WOW
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Friday, 19 December 14
HANDY: SOFTER TONE; PANAMAX: QUIET WEEK; CAPESIZE; PAINFUL WEEK
Handy
A softer tone for rates and volumes for the Supras, perhaps less apparent in the Pacific the last week before the season holidays and good ...
Thursday, 18 December 14
INDONESIA TO REVISE UP COAL OUTPUT TARGET TO 460 MILLION TONS IN 2015
COALspot.com: Indonesian government has revised up its next year coal output forecast to 460 million tons from its previous forecast of 421 million ...
Wednesday, 17 December 14
CAPES RATES SLIPPED BELOW $5,600/DAY, FELL 84% YOY
COALspot.com: In the very rare occurrence when the BCI stands below the BDI, words to describe market sentiment are probably poor, said Intermodal ...
Wednesday, 17 December 14
MARKET INSIGHT - INTERMODAL SHANGHAI, SNP TEAM
As the end of the fourth quarter is approaching, we are all witness to the second hand market prices softening day by day. Any new deal surfacing t ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
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- International Coal Ventures Pvt Ltd - India
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- Samtan Co., Ltd - South Korea
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- Georgia Ports Authority, United States
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- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
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- Metalloyd Limited - United Kingdom
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- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
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- Kobexindo Tractors - Indoneisa
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- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- The University of Queensland
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- London Commodity Brokers - England
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
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- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
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- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
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- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
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- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
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- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
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