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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, 24 July 14
INDONESIA'S JUNE 2014 COAL EXPORT VOLUME DOWN 6.82%; AVERAGE SELLING PRICE DOWN
COALspot.com: Indonesia, one of the world's largest coal producer and the global leading multi grade coal exporter shipped around $1.70* ...
Thursday, 24 July 14
HANDY: SOUTH AFRICA SOFTENED A BIT, HERE RATES ARE AT AROUND 8K +150K BB FOR TRIPS EAST - FEARNLEYS AS
Handy
The handy market in the Atlantic is going sideways and a tick down on low activity. Levels hoovering around USD 5k on Supras. The SMX marke ...
Thursday, 24 July 14
INDONESIAN COAL EXPORTERS ARE REQUIRED TO OBTAIN ET-BATUBARA UNDER LATEST TRADE MINISTRY'S NEW REGULATION
COALspot.com: Indonesia's trade ministry has issued regulation No. 39/M-DAG/PER/7/2014 which is requires exporters of power plant coal as ...
Wednesday, 23 July 14
PANAMAXES WERE BACK ON A DOWNWARD COURSE; CAPES WERE FEELING THE MOST PRESSURE - INTERMODAL
COALspot.com: The Dry Bulk market was on a downward spiral this week, with the BDI noting another week-on-week decline of the magnitude of 10% this ...
Wednesday, 23 July 14
WEEKLY SHIPPING MARKET INSIGHT - INTERMODAL
In Australia, the world’s largest mining group, BHP Billiton, will beat the iron ore export target of more than 220 million tonnes for 2014. ...
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- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
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- The University of Queensland
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- Goldman Sachs - Singapore
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- PowerSource Philippines DevCo
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- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
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- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
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- Heidelberg Cement - Germany
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
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