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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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Wednesday, 13 August 14
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KNOWLEDGE TO ELEVATE
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Monday, 11 August 14
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Monday, 11 August 14
INDONESIAN THERMAL COAL SWAPS SEEING SOME POSITIVE TREND
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- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- London Commodity Brokers - England
- Marubeni Corporation - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Planning Commission, India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
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