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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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Thursday, 07 November 13
HANDY : INDO/CHINA ROUNDS ARE SEEING BIDS AT AROUND $16K
Handy
In the Atlantic we have seen more activity this week with several fixtures being concluded at firm rates. USG/Feast been reported at 30k and ...
Wednesday, 06 November 13
THE BIGGER SIZE SEGMENTS LOST GROUND WHILE SUPRAS AND HANDIES HELD ON TO THEIR GAINS - INTERMODAL
Chartering (Wet: Stable+ / Dry: Stable- )
A mirror image of the week prior for the Dry Bulk market, as once more the bigger size segments los ...
Wednesday, 06 November 13
WILL NEW ORDERS DRIVE THE MARKET DOWN AGAIN ONCE DELIVERIES COMMENCE
"While there are many concerns on whether the new orders will drive the market down again once deliveries commence, the second half of 2013 has ...
Tuesday, 05 November 13
AUSTRALIA'S NEWCASTLE PORT SEES DROP IN COAL EXPORTS W-W
COALspot.com: In the week ended November 4, Power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.77 m ...
Monday, 04 November 13
API 8 CFR S.CHINA COAL SWAP FOR Q3' 2014 DELIVERY CLOSED 3.65% HIGHER COMPARED TO Q1' 2014 PRICE
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.24 percept W-W on Friday 1 November 2013. The CFR South China Co ...
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Showing 4026 to 4030 news of total 6871 |
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- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- The University of Queensland
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Australian Coal Association
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- PTC India Limited - India
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
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