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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, 25 June 14
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Monday, 23 June 14
INDONESIAN COAL SWAP FOR Q3 DELIVERY LOST 8.60% Y-O-Y;4.80% M-O-M
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
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- Alfred C Toepfer International GmbH - Germany
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- Ministry of Finance - Indonesia
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- The Treasury - Australian Government
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- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
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- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Chamber of Mines of South Africa
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- GAC Shipping (India) Pvt Ltd
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- Bharathi Cement Corporation - India
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- White Energy Company Limited
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- Chettinad Cement Corporation Ltd - India
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- New Zealand Coal & Carbon
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- PTC India Limited - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
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- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
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- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
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- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Minerals Council of Australia
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- Parliament of New Zealand
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- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
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- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
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- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
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- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
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- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
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- Binh Thuan Hamico - Vietnam
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- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
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- VISA Power Limited - India
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- Power Finance Corporation Ltd., India
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