COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
North P&IKNOWLEDGE 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.

Recent News

Wednesday, 15 January 14
INDONESIAN MINING LAW AVERTS BOP PRESSURE, RISKS REMAIN, FITCH SAYS
The last-minute intervention at the weekend by Indonesia's politicians to avert a significant disruption of mining activity and exports, should lim ...


Wednesday, 15 January 14
Q3 AND Q4 INDONESIAN COAL SWAPS DECLINE MONTH ON MONTH
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 1.23 pmt month on month on Friday 10 January 2014. T ...


Wednesday, 15 January 14
PANAMAX: PACIFIC - REMAINED QUIET; ATLANTIC - CONTINUED THEIR RETREAT
COALspot.com: The holiday hangover seems well underway for the Dry Bulk market that saw more ground being lost this past week. The BDI has closed of ...


Tuesday, 14 January 14
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS FALL 18.28 %
COALspot.com: In the week ended January 13, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2.67 ...


Monday, 13 January 14
INDONESIAN ORE BAN TO HAVE LIMITED IMPACT ON CHINESE ALUMINIUM PRODUCERS, FITCH RATINGS SAYS
COALspot.com: Fitch Ratings says today that Indonesia's ban on exports of unprocessed mineral ore will have limited impact on Chinese aluminium pro ...


   780 781 782 783 784   
Showing 3906 to 3910 news of total 6871
News by Category
Popular News
 
Total Members : 28,699
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • globalCOAL - UK
  • Sical Logistics Limited - India
  • Inco-Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Sojitz Corporation - Japan
  • Chettinad Cement Corporation Ltd - India
  • MS Steel International - UAE
  • Cargill India Pvt Ltd
  • Cebu Energy, Philippines
  • Wilmar Investment Holdings
  • Siam City Cement - Thailand
  • Indian School of Mines
  • Neyveli Lignite Corporation Ltd, - India
  • McKinsey & Co - India
  • UOB Asia (HK) Ltd
  • Peabody Energy - USA
  • Goldman Sachs - Singapore
  • Electricity Generating Authority of Thailand
  • Credit Suisse - India
  • Agrawal Coal Company - India
  • Humpuss - Indonesia
  • Meralco Power Generation, Philippines
  • Kumho Petrochemical, South Korea
  • Gresik Semen - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Gupta Coal India Ltd
  • Maheswari Brothers Coal Limited - India
  • Riau Bara Harum - Indonesia
  • Indian Energy Exchange, India
  • Tanito Harum - Indonesia
  • Edison Trading Spa - Italy
  • Marubeni Corporation - India
  • Bangkok Bank PCL
  • Bukit Asam (Persero) Tbk - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Bank of China, Malaysia
  • Maruti Cements - India
  • Metalloyd Limited - United Kingdom
  • The State Trading Corporation of India Ltd
  • DBS Bank - Singapore
  • San Jose City I Power Corp, Philippines
  • Iligan Light & Power Inc, Philippines
  • The India Cements Ltd
  • Makarim & Taira - Indonesia
  • Ministry of Transport, Egypt
  • Glencore India Pvt. Ltd
  • ICICI Bank Limited - India
  • Australian Commodity Traders Exchange
  • Vale Mozambique
  • Medco Energi Mining Internasional
  • Posco Energy - South Korea
  • IHS Mccloskey Coal Group - USA
  • Petrochimia International Co. Ltd.- Taiwan
  • Larsen & Toubro Limited - India
  • Maybank - Singapore
  • Sarangani Energy Corporation, Philippines
  • Alfred C Toepfer International GmbH - Germany
  • World Coal - UK
  • Deloitte Consulting - India
  • Mitsui
  • Argus Media - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • Eastern Coal Council - USA
  • TeaM Sual Corporation - Philippines
  • JPMorgan - India
  • Bukit Makmur.PT - Indonesia
  • Vizag Seaport Private Limited - India
  • KEPCO - South Korea
  • EMO - The Netherlands
  • Asmin Koalindo Tuhup - Indonesia
  • Thai Mozambique Logistica
  • PNOC Exploration Corporation - Philippines
  • Sree Jayajothi Cements Limited - India
  • Qatrana Cement - Jordan
  • Borneo Indobara - Indonesia
  • Jindal Steel & Power Ltd - India
  • Moodys - Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Planning Commission, India
  • Adaro Indonesia
  • Thomson Reuters GRC
  • Fearnleys - India
  • Kobe Steel Ltd - Japan
  • Coaltrans Conferences
  • Indogreen Group - Indonesia
  • Merrill Lynch Bank
  • Sucofindo - Indonesia
  • Aditya Birla Group - India
  • Freeport Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • SN Aboitiz Power Inc, Philippines
  • Binh Thuan Hamico - Vietnam
  • Toyota Tsusho Corporation, Japan
  • VISA Power Limited - India
  • Trasteel International SA, Italy
  • Sinarmas Energy and Mining - Indonesia
  • Coastal Gujarat Power Limited - India
  • CNBM International Corporation - China
  • Tata Power - India
  • Timah Investasi Mineral - Indoneisa
  • Bhoruka Overseas - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Shenhua Group - China
  • NTPC Limited - India
  • NALCO India
  • Cigading International Bulk Terminal - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Gujarat Sidhee Cement - India
  • Price Waterhouse Coopers - Russia
  • Manunggal Multi Energi - Indonesia
  • Idemitsu - Japan
  • Cement Manufacturers Association - India
  • GB Group - China
  • Rio Tinto Coal - Australia
  • Clarksons - UK
  • Coal Orbis AG
  • Wood Mackenzie - Singapore
  • Indonesian Coal Mining Association
  • Eastern Energy - Thailand
  • GN Power Mariveles Coal Plant, Philippines
  • New Zealand Coal & Carbon
  • MEC Coal - Indonesia
  • Renaissance Capital - South Africa
  • Petron Corporation, Philippines
  • GHCL Limited - India
  • Antam Resourcindo - Indonesia
  • PTC India Limited - India
  • Pinang Coal Indonesia
  • Malabar Cements Ltd - India
  • SUEK AG - Indonesia
  • Romanian Commodities Exchange
  • Kapuas Tunggal Persada - Indonesia
  • Core Mineral Indonesia
  • Coal India Limited
  • Karbindo Abesyapradhi - Indoneisa
  • Power Finance Corporation Ltd., India
  • Interocean Group of Companies - India
  • Barasentosa Lestari - Indonesia
  • Rudhra Energy - India
  • Electricity Authority, New Zealand
  • IEA Clean Coal Centre - UK
  • Port Waratah Coal Services - Australia
  • Sindya Power Generating Company Private Ltd
  • Kartika Selabumi Mining - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Standard Chartered Bank - UAE
  • Ernst & Young Pvt. Ltd.
  • Bulk Trading Sa - Switzerland
  • Heidelberg Cement - Germany
  • Maersk Broker
  • Krishnapatnam Port Company Ltd. - India
  • Aboitiz Power Corporation - Philippines
  • SRK Consulting
  • PowerSource Philippines DevCo
  • Berau Coal - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Economic Council, Georgia
  • GVK Power & Infra Limited - India
  • CIMB Investment Bank - Malaysia
  • KPCL - India
  • Geoservices-GeoAssay Lab
  • Dalmia Cement Bharat India
  • Coal and Oil Company - UAE
  • Meenaskhi Energy Private Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Kaltim Prima Coal - Indonesia
  • ING Bank NV - Singapore
  • Jatenergy - Australia
  • Bank of America
  • IBC Asia (S) Pte Ltd
  • World Bank
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Commonwealth Bank - Australia
  • Samtan Co., Ltd - South Korea
  • Tata Chemicals Ltd - India
  • India Bulls Power Limited - India
  • OCBC - Singapore
  • Bhushan Steel Limited - India
  • Surastha Cement
  • Malco - India
  • Energy Development Corp, Philippines
  • Thailand Anthracite
  • Central Electricity Authority - India
  • Intertek Mineral Services - Indonesia
  • ACC Limited - India
  • KOWEPO - South Korea
  • Karaikal Port Pvt Ltd - India
  • Semirara Mining Corp, Philippines
  • Oldendorff Carriers - Singapore
  • Samsung - South Korea
  • Inspectorate - India
  • The Treasury - Australian Government
  • TNPL - India
  • McConnell Dowell - Australia
  • TRAFIGURA, South Korea
  • Platts
  • Therma Luzon, Inc, Philippines
  • BNP Paribas - Singapore
  • Mitra SK Pvt Ltd - India
  • Cemex - Philippines
  • Deutsche Bank - India
  • ASAPP Information Group - India
  • Coalindo Energy - Indonesia
  • Parliament of New Zealand
  • GNFC Limited - India
  • SMG Consultants - Indonesia
  • BRS Brokers - Singapore
  • Ambuja Cements Ltd - India
  • PLN - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Africa Commodities Group - South Africa
  • Thermax Limited - India
  • Total Coal South Africa
  • Sakthi Sugars Limited - India
  • EIA - United States
  • Savvy Resources Ltd - HongKong
  • PetroVietnam Power Coal Import and Supply Company
  • The University of Queensland
  • Anglo American - United Kingdom
  • CESC Limited - India
  • Indonesia Power. PT
  • Grasim Industreis Ltd - India
  • Panama Canal Authority
  • HSBC - Hong Kong
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Thriveni
  • SMC Global Power, Philippines
  • APGENCO India
  • Indorama - Singapore
  • Indika Energy - Indonesia
  • Independent Power Producers Association of India
  • Straits Asia Resources Limited - Singapore
  • Kalimantan Lumbung Energi - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Enel Italy
  • RBS Sempra - UK
  • Central Java Power - Indonesia
  • Minerals Council of Australia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • ANZ Bank - Australia
  • Energy Link Ltd, New Zealand
  • Bhatia International Limited - India
  • Adani Power Ltd - India
  • TGV SRAAC LIMITED, India
  • Kideco Jaya Agung - Indonesia
  • Permata Bank - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Mintek Dendrill Indonesia
  • Madhucon Powers Ltd - India
  • Noble Europe Ltd - UK
  • Coeclerici Indonesia
  • J M Baxi & Co - India
  • London Commodity Brokers - England
  • TNB Fuel Sdn Bhd - Malaysia
  • Global Coal Blending Company Limited - Australia
  • JPower - Japan
  • Mercator Lines Limited - India
  • Salva Resources Pvt Ltd - India
  • Mechel - Russia
  • bp singapore
  • Infraline Energy - India
  • Singapore Mercantile Exchange
  • Vijayanagar Sugar Pvt Ltd - India
  • ETA - Dubai
  • U S Energy Resources
  • White Energy Company Limited
  • Bayan Resources Tbk. - Indonesia
  • Shree Cement - India
  • Videocon Industries ltd - India
  • Bukit Baiduri Energy - Indonesia
  • Uttam Galva Steels Limited - India
  • Banpu Public Company Limited - Thailand
  • UBS Singapore
  • Jaiprakash Power Ventures ltd
  • PetroVietnam
  • Ministry of Finance - Indonesia
  • Mitsubishi Corporation
  • Indo Tambangraya Megah - Indonesia
  • KPMG - USA
  • Barclays Capital - USA
  • Attock Cement Pakistan Limited
  • Petrosea - Indonesia
  • Arutmin Indonesia
  • TANGEDCO India
  • Essar Steel Hazira Ltd - India
  • Siam City Cement PLC, Thailand
  • Ind-Barath Power Infra Limited - India
  • Cosco
  • Vedanta Resources Plc - India
  • Tamil Nadu electricity Board
  • Vitol - Bahrain
  • Xstrata Coal
  • Latin American Coal - Colombia
  • Global Green Power PLC Corporation, Philippines
  • Asian Development Bank
  • Directorate General of MIneral and Coal - Indonesia
  • Platou - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • CoalTek, United States
  • GAC Shipping (India) Pvt Ltd
  • Russian Coal LLC
  • Georgia Ports Authority, United States
  • IOL Indonesia
  • Formosa Plastics Group - Taiwan
  • Kobexindo Tractors - Indoneisa
  • Lafarge - France
  • Xindia Steels Limited - India
  • Cardiff University - UK
  • Ministry of Mines - Canada
  • Japan Coal Energy Center
  • Carbofer General Trading SA - India
  • Orica Australia Pty. Ltd.
  • Pendopo Energi Batubara - Indonesia
  • PLN Batubara - Indonesia
  • SASOL - South Africa
  • Maharashtra Electricity Regulatory Commission - India
  • SGS (Thailand) Limited
  • Billiton Holdings Pty Ltd - Australia
  • Merrill Lynch Commodities Europe
  • International Coal Ventures Pvt Ltd - India
  • Arch Coal - USA
  • Reliance Power - India
  • Baramulti Group, Indonesia
  • Global Business Power Corporation, Philippines
  • GMR Energy Limited - India
  • Bangladesh Power Developement Board
  • Australian Coal Association
  • Mjunction Services Limited - India
  • Orica Mining Services - Indonesia
  • Simpson Spence & Young - Indonesia
  • Thiess Contractors Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • WorleyParsons
  • Altura Mining Limited, Indonesia
  • Lanco Infratech Ltd - India
  • Parry Sugars Refinery, India
  • LBH Netherlands Bv - Netherlands
  • CCIC - Indonesia
  • Ince & co LLP
  • Britmindo - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Indian Oil Corporation Limited
  • Star Paper Mills Limited - India
  • Runge Indonesia
  • IMC Shipping - Singapore
  • South Luzon Thermal Energy Corporation
  • Asia Cement - Taiwan
  • Globalindo Alam Lestari - Indonesia
  • Mercuria Energy - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Bharathi Cement Corporation - India
  • Chamber of Mines of South Africa
  • Kohat Cement Company Ltd. - Pakistan