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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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Sunday, 12 January 14
THE FREIGHT MARKET CONTINUE TO REMAIN WEAK NEXT WEEK - SOLYM CARRIERS
Wish You A very Happy New Year
COALspot.com: The market has dropped quite a lot as expected due to holidays and probably also the effect of ban o ...
Friday, 10 January 14
DECISION ON ORE EXPORT BAN WILL BE MADE TOMORROW: INDUSTRY MINISTER, JG SAYS
Industry Minister M.S. Hidayat dismissed reports on Thursday that the government had made a decision on the matter. “We will only make a decis ...
Friday, 10 January 14
US COAL PRODUCTION UP 5.8% ON WEEK IN WEEK ENDED SATURDAY 4 JANUARY
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Thursday, 09 January 14
THE INDONESIAN GOVERNMENT EASES ORE EXPORT BAN
COALspot.com: The Indonesian government has finally agreed to ease the ore-export ban just a few days before the Sunday deadline amid protests from ...
Thursday, 09 January 14
CAPESIZE: WEST AUSTRALIA FREIGHT IS NOW DOWN IN THE $8S AND STILL DROPPING - FEARNLEYS
Handy
In the Atlantic we see rates sliding slowly for the start of 2014. Several players cvrd over the holidays and the rate decline was som ...
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- Mjunction Services Limited - India
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- Eastern Energy - Thailand
- Coal and Oil Company - UAE
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- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
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- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
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- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
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- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
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- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
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- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
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- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
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- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
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- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
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- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
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- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Planning Commission, India
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- Pendopo Energi Batubara - Indonesia
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- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
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- Cigading International Bulk Terminal - Indonesia
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- The State Trading Corporation of India Ltd
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- Metalloyd Limited - United Kingdom
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- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
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- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
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- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
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- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- The Treasury - Australian Government
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- Cement Manufacturers Association - India
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- Bulk Trading Sa - Switzerland
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- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
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