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.
|
|
Wednesday, 02 April 14
BPI BREAKING BELOW THE 1,000 PSYCHOLOGICAL LEVELS - INTERMODAL
Any resistance put forth by the Dry Bulk market the week prior was succumbed this time round. All indices slid and losses were noted across the ...
Tuesday, 01 April 14
NEWCASTLE PORT SHIPPED 11.95 MILLION TONS OF COAL IN MARCH 2014
COALspot.com: In the week ended 31 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2 ...
Monday, 31 March 14
SHIPPING CONFIDENCE HITS HIGHEST LEVEL SINCE 2008 - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, ...
Monday, 31 March 14
COAL SWAP FOR Q1 2015 DELIVERY HAS CLOSED 4.76% HIGHER COMPARED Q2 14 CLOSING
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...
Monday, 31 March 14
CFR SOUTH CHINA COAL SWAP FOR Q2 14 DELIVERY LOST 1.17% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.17 percent month on month and closed at US$ 75.38 per m ...
|
|
|
Showing 3771 to 3775 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- The University of Queensland
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
|
| |
| |
|
