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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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Friday, 07 March 14
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Thursday, 06 March 14
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Wednesday, 05 March 14
THE BIG BULKERS HAVE IN FACT WITNESSED SIGNIFICANT IMPROVEMENTS IN BOTH BASINS
The BDI continues to gain back some of the lost ground, although in reality there isn't a lot to celebrate abou ...
Wednesday, 05 March 14
LEAVE IT TO CAPES TO CHANGE THE DIRECTION OF THE DRY BULK MARKET - INTERMODAL
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Leave it to Capes to change the direction of the Dry Bulk market. The big bulkers managed to drag the BDI ...
Tuesday, 04 March 14
AUSTRALIA'S NPC TO SHIP 11.85 MMT OF COAL IN MARCH
COALspot.com: In the week ended 3 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 3.15 m ...
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- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bhushan Steel Limited - India
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- Energy Link Ltd, New Zealand
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- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
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- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
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- Georgia Ports Authority, United States
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- Planning Commission, India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
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- The State Trading Corporation of India Ltd
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- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
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- Price Waterhouse Coopers - Russia
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- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
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- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
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- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
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- Binh Thuan Hamico - Vietnam
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- Parliament of New Zealand
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- White Energy Company Limited
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- Eastern Coal Council - USA
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- India Bulls Power Limited - India
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
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- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- The University of Queensland
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- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
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- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- PTC India Limited - India
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- Antam Resourcindo - Indonesia
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- Meralco Power Generation, Philippines
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- Chamber of Mines of South Africa
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- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
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