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, 12 November 14
PANAMAX: WITNESSED A FAIRLY STABLE MARKET IN THE ATLANTIC
COALspot.com: Despite the fact that the Dry Bulk market noted another weekly increase, clouds of uncertainty returned mid-week onwards, as the mini ...


Wednesday, 12 November 14
SHIPPING MARKET INSIGHT - CHRISTOPHER T. WHITTY
COALspot.com: The fight continues between the low-cost iron ore producers and the big three: Vale, Rio Tinto and BHP Billiton. We are moving into a ...


Tuesday, 11 November 14
FACING CHALLENGES AND MEETING OPPORTUNITIES - INTERNATIONAL EPC CONFERENCE & EXHIBITION
Press Release: SKYCONNECTION and TRANSEVENT, which is fully supported by the Institution of Engineers Indonesia and Ministry of Industry of the Rep ...


Tuesday, 11 November 14
NEWCASTLE COAL SWAP CLOSED AT $ 52.65 FOR Q1' 15 DELIVERY
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery decreased US$ 2.83 (-5.10%) month over month and US$ 1.35 (-2.50%) week ove ...


Tuesday, 11 November 14
PORT OF NEWCASTLE'S OCTOBER COAL SHIPMENTS SLIPPED 7.40% M-O-M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1,115.7 mil ...


   675 676 677 678 679   
Showing 3381 to 3385 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 ...

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