We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 27 September 14
MORE COAL MINERS AGREE TO AMEND CONTRACTS - THE JAKARTA POST
The Energy and Mineral Resources Ministry is in a rush to beat a deadline for the conclusion of numerous memorandums of understanding (MoUs) with t ...
Friday, 26 September 14
INDIA SUPREME COURT RULING TO HIT STEEL, UTILITY EARNINGS, SAYS FITCH
COALspot.com: The 24 September Supreme Court of India (SCI) decision to cancel almost every coal block allocation since 1993 will have a negative f ...
Friday, 26 September 14
U.S WEEKLY COAL PRODUCTION FELL 1.8% WEEK OVER WEEK, SAYS EIA
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.80 million short tons (mmst) of c ...
Friday, 26 September 14
ORACLE SIGNS EPC FRAMEWORK AGREEMENT WITH SEPCO FOR COAL MINE AND POWER PLANT IN PAKISTAN
COALspot.com: Oracle Coalfields PLC, the UK developer of a lignite coal mine and power plant in the south-eastern Sindh Province, Pakistan, has ann ...
Friday, 26 September 14
NEWCASTLMAXES ARE THE MOST SOUGHT AFTER VESSELS BY SHIP OWNERS TODAY SAYS VESSELS VALUE
KNOWLEDGE TO ELEVATE
Determining a ship’s fair value can be a very tricky business, especially when you’re the one paying. As such ...
|
|
|
Showing 3466 to 3470 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Australian Coal Association
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Deloitte Consulting - India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
|
| |
| |
|