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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, 13 December 13
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Wednesday, 11 December 13
THE INDONESIAN GOVERNMENT IS CONSIDERING SETTING A REGULATION ON THE MINIMUM PURITY TO REGULATE UNPROCESSED ORE BAN
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- Simpson Spence & Young - Indonesia
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- Ministry of Transport, Egypt
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- Economic Council, Georgia
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- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
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- Cement Manufacturers Association - India
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- Minerals Council of Australia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
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- Planning Commission, India
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- Electricity Authority, New Zealand
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- Wood Mackenzie - Singapore
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- Global Coal Blending Company Limited - Australia
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- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
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- Standard Chartered Bank - UAE
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- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
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- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
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- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
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- Parliament of New Zealand
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- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
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- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
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- Asmin Koalindo Tuhup - Indonesia
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