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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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Thursday, 20 November 14
HANDY: INDO ROUNDS ARE BEING FIXED IN REGION OF US$ 10K - FEARNLEYS
Handy
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Wednesday, 19 November 14
INDONESIA FUEL-PRICE RISE A CLEAR, POSITIVE REFORM SIGNAL - FITCH
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Wednesday, 19 November 14
CAPES WERE UNDER PRESSURE; LOST 20% WITHIN A WEEK
COALspot.com: " The negative environment in which the week prior ended, marked this past week as well, which closed off on Friday noting the f ...
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SHIPPING MARKET INSIGHT - BY KATERINA RESTIS
The current Ebola outbreak in West Africa has been declared as a worldwide health emergency by the World Health Organization and has had a great im ...
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- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Parliament of New Zealand
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
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