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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, 20 December 13
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Friday, 20 December 13
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Thursday, 19 December 13
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Wednesday, 18 December 13
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Approaching the end of the year, SnP activity in China seems to be slowing down in comparison to the first half of this quarter, as most Chinese Shi ...
Wednesday, 18 December 13
DEMOLITION ACTIVITY SCALED BACK AS FREIGHT RATES RISE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
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- Malabar Cements Ltd - India
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- ICICI Bank Limited - India
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- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Central Electricity Authority - India
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- Wood Mackenzie - Singapore
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- Indian Energy Exchange, India
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- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
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- Semirara Mining Corp, Philippines
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- Indian Oil Corporation Limited
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Bayan Resources Tbk. - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- The Treasury - Australian Government
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- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
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- Romanian Commodities Exchange
- Chamber of Mines of South Africa
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- Aditya Birla Group - India
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- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- The University of Queensland
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- Ministry of Finance - Indonesia
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- Coal and Oil Company - UAE
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- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Planning Commission, India
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- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
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- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
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