COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
North P&IKNOWLEDGE 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.

Recent News

Wednesday, 10 December 14
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS, INTERMODAL
COALspot.com: As 2014 is coming to an end, we look back to what has happened during the year and notice that SnP activity has been particularly sof ...


Wednesday, 10 December 14
WORLD HARD COAL MARKET 2014: PRODUCTION AND TRADE STAGNATING, IMPORTS TO GERMANY AND EUROPE ON THE DECLINE
Press Release: German Coal Importers Association (VDKi) criticizes regulations ordering reduction of CO2 emissions from coal-fired power plants as ...


Tuesday, 09 December 14
PRESSURE ON CHINA COAL MINERS TO CONTINUE DESPITE GOVERNMENT SUPPORT - FITCH
COALspot.com: Fitch Ratings says that Chinese coal mining companies will continue to be pressured by low prices, which will persist despite recent ...


Tuesday, 09 December 14
Q4' 2015, FOB INDONESIA COAL SWAP CLOSED AT $ 49.02 W/E 5 DEC
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week over week and day on day. The Q1 swap has lost US$ 0.2 ...


Tuesday, 09 December 14
API 8 CFR SOUTH CHINA COAL SWAPS FELL 1.8% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.84 (-2.91%) month over month and US$ 0.95 (-1.52%) we ...


   662 663 664 665 666   
Showing 3316 to 3320 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • CoalTek, United States
  • Sarangani Energy Corporation, Philippines
  • UOB Asia (HK) Ltd
  • Merrill Lynch Commodities Europe
  • TeaM Sual Corporation - Philippines
  • Dalmia Cement Bharat India
  • Standard Chartered Bank - UAE
  • WorleyParsons
  • BNP Paribas - Singapore
  • Ministry of Transport, Egypt
  • San Jose City I Power Corp, Philippines
  • Noble Europe Ltd - UK
  • Ernst & Young Pvt. Ltd.
  • Gresik Semen - Indonesia
  • Vitol - Bahrain
  • Clarksons - UK
  • ANZ Bank - Australia
  • Ince & co LLP
  • Kumho Petrochemical, South Korea
  • CCIC - Indonesia
  • Bangladesh Power Developement Board
  • PNOC Exploration Corporation - Philippines
  • Mechel - Russia
  • Bhatia International Limited - India
  • IOL Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Mitsubishi Corporation
  • 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
  • Cargill India Pvt Ltd
  • GMR Energy Limited - India
  • Tanito Harum - Indonesia
  • Indian Oil Corporation Limited
  • Malabar Cements Ltd - India
  • 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
  • Berau Coal - Indonesia
  • Jaiprakash Power Ventures ltd
  • Barasentosa Lestari - Indonesia
  • HSBC - Hong Kong
  • Tata Chemicals Ltd - India
  • Kalimantan Lumbung Energi - Indonesia
  • Latin American Coal - Colombia
  • Global Coal Blending Company Limited - Australia
  • Global Green Power PLC Corporation, Philippines
  • Indogreen Group - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Jindal Steel & Power Ltd - India
  • South Luzon Thermal Energy Corporation
  • TNPL - India
  • Power Finance Corporation Ltd., India
  • Infraline Energy - India
  • Bukit Baiduri Energy - Indonesia
  • Kideco Jaya Agung - Indonesia
  • SUEK AG - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Platts
  • ETA - Dubai
  • IMC Shipping - Singapore
  • EIA - United States
  • Petron Corporation, Philippines
  • Mitsui
  • Siam City Cement PLC, Thailand
  • Maheswari Brothers Coal Limited - India
  • Price Waterhouse Coopers - Russia
  • Bank of China, Malaysia
  • Permata Bank - Indonesia
  • PetroVietnam
  • Siam City Cement - Thailand
  • Commonwealth Bank - Australia
  • Malco - India
  • Vale Mozambique
  • Sree Jayajothi Cements Limited - India
  • Lafarge - France
  • Formosa Plastics Group - Taiwan
  • NALCO India
  • McConnell Dowell - Australia
  • Meenaskhi Energy Private Limited - India
  • Savvy Resources Ltd - HongKong
  • Directorate General of MIneral and Coal - Indonesia
  • Mercator Lines Limited - India
  • Eastern Coal Council - USA
  • Bharathi Cement Corporation - India
  • Kaltim Prima Coal - Indonesia
  • Deloitte Consulting - India
  • APGENCO India
  • Adani Power Ltd - India
  • GN Power Mariveles Coal Plant, Philippines
  • Kobexindo Tractors - Indoneisa
  • Geoservices-GeoAssay Lab
  • VISA Power Limited - India
  • Australian Coal Association
  • Russian Coal LLC
  • Directorate Of Revenue Intelligence - India
  • Holcim Trading Pte Ltd - Singapore
  • Arutmin Indonesia
  • KPMG - USA
  • Global Business Power Corporation, Philippines
  • Britmindo - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Coal and Oil Company - UAE
  • Lanco Infratech Ltd - India
  • Thriveni
  • Maybank - Singapore
  • Salva Resources Pvt Ltd - India
  • Inco-Indonesia
  • Indonesian Coal Mining Association
  • Idemitsu - Japan
  • Vedanta Resources Plc - India
  • Panama Canal Authority
  • Asia Cement - Taiwan
  • TNB Fuel Sdn Bhd - Malaysia
  • Gujarat Electricity Regulatory Commission - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Cemex - Philippines
  • Maharashtra Electricity Regulatory Commission - India
  • TRAFIGURA, South Korea
  • Chettinad Cement Corporation Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • Cigading International Bulk Terminal - Indonesia
  • IBC Asia (S) Pte Ltd
  • Xstrata Coal
  • Ministry of Finance - Indonesia
  • Arch Coal - USA
  • Alfred C Toepfer International GmbH - Germany
  • Anglo American - United Kingdom
  • Uttam Galva Steels Limited - India
  • GNFC Limited - India
  • Posco Energy - South Korea
  • U S Energy Resources
  • Coaltrans Conferences
  • globalCOAL - UK
  • Ministry of Mines - Canada
  • Electricity Generating Authority of Thailand
  • BRS Brokers - Singapore
  • Credit Suisse - India
  • Bhoruka Overseas - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Bulk Trading Sa - Switzerland
  • AsiaOL BioFuels Corp., Philippines
  • EMO - The Netherlands
  • 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
  • Peabody Energy - USA
  • 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
  • RBS Sempra - UK
  • 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
  • KOWEPO - South Korea
  • Mintek Dendrill Indonesia
  • Sakthi Sugars Limited - India
  • Chamber of Mines of South Africa
  • Enel Italy
  • Petrosea - Indonesia
  • Oldendorff Carriers - Singapore
  • OCBC - Singapore
  • The Treasury - Australian Government
  • Straits Asia Resources Limited - Singapore
  • KEPCO - South Korea
  • J M Baxi & Co - India
  • Metalloyd Limited - United Kingdom
  • Thiess Contractors Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Coal India Limited
  • Japan Coal Energy Center
  • Karbindo Abesyapradhi - Indoneisa
  • Moodys - Singapore
  • Riau Bara Harum - Indonesia
  • Heidelberg Cement - Germany
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Independent Power Producers Association of India
  • Indo Tambangraya Megah - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Inspectorate - India
  • Wood Mackenzie - Singapore
  • Central Java Power - Indonesia
  • Intertek Mineral Services - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • PowerSource Philippines DevCo
  • Parry Sugars Refinery, India
  • GB Group - China
  • Coastal Gujarat Power Limited - India
  • Samtan Co., Ltd - South Korea
  • Agrawal Coal Company - India
  • Krishnapatnam Port Company Ltd. - India
  • Petrochimia International Co. Ltd.- Taiwan
  • White Energy Company Limited
  • Gujarat Sidhee Cement - India
  • Aditya Birla Group - India
  • Runge Indonesia
  • World Coal - UK
  • Vijayanagar Sugar Pvt Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • Reliance Power - India
  • Bukit Makmur.PT - Indonesia
  • Argus Media - Singapore
  • JPower - Japan
  • Cardiff University - UK
  • India Bulls Power Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Singapore Mercantile Exchange
  • ACC Limited - India
  • Globalindo Alam Lestari - Indonesia
  • Gupta Coal India Ltd
  • PLN Batubara - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • GHCL Limited - India
  • Carbofer General Trading SA - India
  • Energy Link Ltd, New Zealand
  • CNBM International Corporation - China
  • Freeport Indonesia
  • Adaro Indonesia
  • ICICI Bank Limited - India
  • Renaissance Capital - South Africa
  • Kobe Steel Ltd - Japan
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Meralco Power Generation, Philippines
  • Indian School of Mines
  • Economic Council, Georgia
  • Parliament of New Zealand
  • Samsung - South Korea
  • SGS (Thailand) Limited
  • Wilmar Investment Holdings
  • Orica Mining Services - Indonesia
  • NTPC Limited - India
  • Asian Development Bank
  • Sojitz Corporation - Japan
  • PLN - Indonesia
  • Rio Tinto Coal - Australia
  • GAC Shipping (India) Pvt Ltd
  • Indorama - Singapore
  • Orica Australia Pty. Ltd.
  • Thailand Anthracite
  • Core Mineral Indonesia
  • Makarim & Taira - Indonesia
  • Barclays Capital - USA
  • Fearnleys - India
  • UBS Singapore
  • TANGEDCO India
  • Surastha Cement
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Energy Development Corp, Philippines
  • Edison Trading Spa - Italy
  • Humpuss - Indonesia
  • Pinang Coal Indonesia
  • JPMorgan - India
  • Bangkok Bank PCL
  • Shenhua Group - China
  • Maersk Broker
  • Indian Energy Exchange, India
  • Mitra SK Pvt Ltd - India
  • Ambuja Cements Ltd - India
  • MS Steel International - UAE
  • Therma Luzon, Inc, Philippines
  • Maruti Cements - India
  • Glencore India Pvt. Ltd
  • Electricity Authority, New Zealand
  • Thermax Limited - India
  • Madhucon Powers Ltd - India
  • Trasteel International SA, Italy
  • Medco Energi Mining Internasional
  • Coal Orbis AG
  • Romanian Commodities Exchange
  • Platou - Singapore
  • SRK Consulting
  • Coeclerici Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Coalindo Energy - Indonesia
  • bp singapore
  • Total Coal South Africa
  • Goldman Sachs - Singapore
  • Bahari Cakrawala Sebuku - Indonesia
  • CESC Limited - India
  • Deutsche Bank - India
  • Baramulti Group, Indonesia
  • Indika Energy - Indonesia
  • IEA Clean Coal Centre - UK
  • Indonesia Power. PT
  • CIMB Investment Bank - Malaysia
  • Cebu Energy, Philippines
  • Marubeni Corporation - India
  • Bank of America
  • Gujarat Mineral Development Corp Ltd - India
  • Antam Resourcindo - Indonesia
  • McKinsey & Co - India
  • Tata Power - India
  • PTC India Limited - India
  • Grasim Industreis Ltd - India
  • Toyota Tsusho Corporation, Japan
  • World Bank
  • Australian Commodity Traders Exchange
  • DBS Bank - Singapore
  • SMG Consultants - Indonesia
  • The University of Queensland
  • The India Cements Ltd
  • Shree Cement - India
  • 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
  • Borneo Indobara - Indonesia
  • Essar Steel Hazira Ltd - India
  • SASOL - South Africa
  • MEC Coal - Indonesia
  • SMC Global Power, Philippines
  • Eastern Energy - Thailand
  • Star Paper Mills Limited - India
  • Jatenergy - Australia
  • TGV SRAAC LIMITED, India
  • Qatrana Cement - Jordan
  • Thomson Reuters GRC
  • Semirara Mining and Power Corporation, Philippines
  • Tamil Nadu electricity Board
  • Merrill Lynch Bank
  • Kapuas Tunggal Persada - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Sucofindo - Indonesia
  • Mercuria Energy - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Rudhra Energy - India
  • Iligan Light & Power Inc, Philippines
  • KPCL - India
  • Altura Mining Limited, Indonesia
  • Interocean Group of Companies - India
  • Cosco
  • ING Bank NV - Singapore