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

Monday, 24 November 14
CHOPPY WATERS IN DRY BULK - SGX
COALspot.com: Dry bulk freight rates have experienced a sharp rise in volatility in recent weeks as bulk commodity supply has ramped up, said SGX i ...


Monday, 24 November 14
Q1 2015 FOB NEWCASTLE COAL SWAP CLOSED AT $ 52.73
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.73 on 21 November after losing US$ 0.40 (-0.75%) month ove ...


Monday, 24 November 14
CFR SOUTH CHINA COAL: Q2' 15 COAL SWAPS CLOSED LOWER COMPARED TO Q1' 15 SWAPS
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 0.63 (-0.99%) month over month and US$ 0.12 (-0.19%) da ...


Sunday, 23 November 14
SPOT FREIGHT RATES IMPROVED SLIGHTLY OVER PREVIOUS WEEK
COALspot.com: The BDI was up 5.41 pct week on week and closed at 1,324 points on Friday. All the segments were up this week except Panamax index.&n ...


Sunday, 23 November 14
ITALY'S STEAM COAL IMPORTS TO DROP BY 11% IN 2014 - ASSOCARBONI
COALspot.com: Italy’s steam coal imports expected to drop to 16 million tons in 2014 (-11% compared to 2013); coking coal imports to plunge t ...


   669 670 671 672 673   
Showing 3351 to 3355 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 ...

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