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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, 26 September 13
DRY BULK MARKET KEEPS ON RALLYING ON THE BACK OF HIGH CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its momentum over the course of the past week, on the back of increased demand for Capesizes and an improvement of mark ...
Wednesday, 25 September 13
RBCT'S COAL EXPORT DECLINES IN AUGUST
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest coal export terminal in South African as well as in the world has shipped 16. ...
Wednesday, 25 September 13
CAPES TOUCHING RATES NO ONE BELIEVED COULD BE ACHIEVED IN 2013 - INTERMODAL
Chartering (Wet: Stable- / Dry: Firm+ )
The Dry Bulk market is the gift that keeps on giving these days. With rates for Capes touching numbers ...
Wednesday, 25 September 13
IS IT TIME AGAIN TO SUPERSIZE AGAIN? - GEORGE LAZARIDIS
After an early arrival of the seasonal rally in the Capesize market, things look to be on the upbeat for these dry bulk giants. With the Index reach ...
Monday, 23 September 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 3 PERCENT LESS COAL WEEK ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 3 per cent week on week to 2.92 million mt for t ...
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- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Planning Commission, India
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- The Treasury - Australian Government
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
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