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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, 12 June 14
CONSOLIDATION IS THE ' NAME OF THE GAME' WHEN IT COMES TO SHIPYARDS ACROSS ASIA - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Intense competition, a swelling of new greenfield shipyards over the past few years mainly in China, especially prior to the 2008 global financial ...
Wednesday, 11 June 14
INDONESIA'S COAL EXPORT VOLUME AND REVENUE SLIPS 2.75% AND 6.73% RESPECTIVELY IN APRIL
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.8* b ...
Wednesday, 11 June 14
BPI TOUCHING A NEW LOW FOR THE YEAR
The Dry Bulk market closed off the week positively, on the back of firming Capesize rates, while the market overall continues to face a very challe ...
Monday, 09 June 14
GOVT GETS TOUGH ON ILLEGAL MINING, SUSPENDS LICENSES - THE JAKARTA POST
The government has temporarily suspended the licenses of 62 mineral and coal transportation companies as part of its efforts to curb illegal mining ...
Monday, 09 June 14
INDO SUB-BIT COAL SWAPS FOR Q3,Q4 OF 2014 AND Q1 2015: LOST ON DAY AND MONTH
COALspot.com: Indonesian coal swaps for average Q3’ 2014 continue last week’s trend or lost on day, week and on month according to Asia ...
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- Karbindo Abesyapradhi - Indoneisa
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- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Ministry of Transport, Egypt
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- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
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- Indian Oil Corporation Limited
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- Parliament of New Zealand
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- Australian Coal Association
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- Wilmar Investment Holdings
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- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
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- The Treasury - Australian Government
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- Sarangani Energy Corporation, Philippines
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- Coal and Oil Company - UAE
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- Indian Energy Exchange, India
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- Energy Development Corp, Philippines
- Eastern Coal Council - USA
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- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
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- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
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- Heidelberg Cement - Germany
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- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
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- Merrill Lynch Commodities Europe
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- MS Steel International - UAE
- Mercuria Energy - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- The University of Queensland
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- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
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- Marubeni Corporation - India
- Petron Corporation, Philippines
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- Simpson Spence & Young - Indonesia
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- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
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- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
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- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
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- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
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- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
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- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
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- White Energy Company Limited
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- Global Business Power Corporation, Philippines
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- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
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