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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, 13 March 14
HANDY: THE FAR EAST MARKET IS IN AN UPWARD TREND - FEARNRESEARCH
Handy
Atlantic is a bit under pressure for spot tonnage, but the underlying sentiment is positive for the short medium future. 2-3 legs are do ...
Thursday, 13 March 14
MARKET INSIGHT - CHRISTOPHER T. WHITTY
By Christopher T. Whitty
Marketing Manager
Cotzias Intermodal Shipping Inc.
During the last year we have noticed that a fair number of ...
Wednesday, 12 March 14
ADARO ENERGY IMPROVES EFFICIENCY AND GENERATED STRONG EBITDA IN 2013
COALspot.com: PT Adaro Energy Tbk, Indonesia's single largest coal miner posted revenue of US$ 3.28 billion and cost of revenue of US$ 2.54 ...
Wednesday, 12 March 14
DGOMC OF INDONESIA REVISED DOWN THE BENCHMARK PRICES FOR COAL BY 4.26% IN MARCH
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised down the government's declared coal bench mark price ...
Wednesday, 12 March 14
DRY BULK VESSELS STILL THE CREAM OF THE CROP FOR SHIP OWNERS
Dry bulk carriers have remained the most popular vessel type among ship owners as proven by the sheer number of second hand vessel sales and new ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
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- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Economic Council, Georgia
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- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
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- Energy Link Ltd, New Zealand
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- McConnell Dowell - Australia
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- London Commodity Brokers - England
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- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
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- Commonwealth Bank - Australia
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- Global Coal Blending Company Limited - Australia
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- Karaikal Port Pvt Ltd - India
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- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
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- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
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- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
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- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
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- Parliament of New Zealand
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- CNBM International Corporation - China
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- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- The Treasury - Australian Government
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- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
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- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
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- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
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- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
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- Jaiprakash Power Ventures ltd
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- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
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