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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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Monday, 28 October 13
API 8 CFR SOUTH CHINA COAL FOR Q3'14 DELIVERY LOST ON D-D,W-W & M-M
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.22 percept M-M on Friday 25 October 2013. The CFR South China Co ...
Monday, 28 October 13
COAL SWAP FOR Q3' 2014 DELIVERY LOST ON D-D, W-W AND M-M
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery gained 0.46 percept month on month on Friday 25 October 2 ...
Saturday, 26 October 13
PANAMAX CHARTER RATES FROM INDONESIA TO INDIA STAY FIRM - SOLYM
COALspot.com: The freight market showed tendency of softness with Cape and Panamax futures and physical soft.
The BDI was down by 12 pct week end ...
Saturday, 26 October 13
DRY BULK MARKET KEEPS ON RETREATING, BUT NEW BUILDING ORDERS KEEP ON PILING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market kept on retreating this week, with the industry's benchmark, the Baltic Dry Index (BDI) falling to 1,708 points, down 78 on the ...
Friday, 25 October 13
U.S. YEAR-TO-DATE COAL PRODUCTION REACHED TOTALLED 803.1 MMST
COALspot.com – United States the world’s second largest coal producer produced approximately 19.10 million short tons (mmst) of coal in ...
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- Vizag Seaport Private Limited - India
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- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
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- Aditya Birla Group - India
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- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
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- Mercuria Energy - Indonesia
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- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
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- International Coal Ventures Pvt Ltd - India
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- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
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- Chamber of Mines of South Africa
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- Straits Asia Resources Limited - Singapore
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- London Commodity Brokers - England
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- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
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- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
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- Intertek Mineral Services - Indonesia
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- McConnell Dowell - Australia
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- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
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- Savvy Resources Ltd - HongKong
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- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
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- Indian Oil Corporation Limited
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- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
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- Economic Council, Georgia
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- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
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- Dalmia Cement Bharat India
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- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
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- Indika Energy - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
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- New Zealand Coal & Carbon
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- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
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- Bangladesh Power Developement Board
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
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- Meralco Power Generation, Philippines
- Australian Coal Association
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
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- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
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- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Global Green Power PLC Corporation, Philippines
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