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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, 20 March 14
CAPESIZE: WEST AUSTRALIA TO CHINA RATES HAVE CLIMBED BACK TOWARD USD 11 PMT - FEARNRESEARCH
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EUROCOKE SUMMIT 2014
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The leading coke, coal and s ...
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DRY BULK MARKET REBOUND LEADS TO MORE NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The steady rise of the dry bulk market, as evidenced by the return, yesterday, of the Baltic Dry Index above the 1,500-point mark (1,518), is fu ...
Tuesday, 18 March 14
SECOND QUARTER SUB-BIT FOB INDONESIA COAL SWAP LOST 3.27% IN A MONTH
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...
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- Kartika Selabumi Mining - Indonesia
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- Siam City Cement - Thailand
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- Economic Council, Georgia
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- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
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- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- The University of Queensland
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
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- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
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- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
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- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
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- Indian Oil Corporation Limited
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- Merrill Lynch Commodities Europe
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- Intertek Mineral Services - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
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- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
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- PowerSource Philippines DevCo
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- MS Steel International - UAE
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- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
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- Indian Energy Exchange, India
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- Oldendorff Carriers - Singapore
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- Electricity Authority, New Zealand
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
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- Tata Chemicals Ltd - India
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- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
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- Holcim Trading Pte Ltd - Singapore
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- Heidelberg Cement - Germany
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- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
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- White Energy Company Limited
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