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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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Showing 3316 to 3320 news of total 6871 |
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- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Indian Oil Corporation Limited
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- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
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- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
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- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
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- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
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- Directorate General of MIneral and Coal - Indonesia
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- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
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- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
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- Australian Coal Association
- Directorate Of Revenue Intelligence - India
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- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
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- Indonesian Coal Mining Association
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- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Heidelberg Cement - Germany
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- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
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- White Energy Company Limited
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- Aditya Birla Group - India
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- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Parliament of New Zealand
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
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- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
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- International Coal Ventures Pvt Ltd - India
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- Billiton Holdings Pty Ltd - Australia
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- Interocean Group of Companies - India
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