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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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Sunday, 18 August 13
INDO - INDIA FREIGHT EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The freight market was up this week with the BDI gaining more than 10 pct due to strong Cape Sector.
The BDI was closed at 1,102 p ...
Friday, 16 August 13
US COAL PRODUCTION SLIGHTLY UP ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.10 million short tons (mmst) of ...
Thursday, 15 August 13
CAPESIZE : TRENDS SOMETIMES SHIFT WITH NO PRIOR WARNING - FEARNRESEARCH
Handy
The influence of the summer holidays across Europe was felt in the Atlantic basin this week. Very little activity and a growing list of avail ...
Wednesday, 14 August 13
ANOTHER WEEK IN THE RED FOR DRY BULK CARRIERS - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable- )
Another week in the red for Dry Bulk carriers with the market losing further steam as fewer an ...
Tuesday, 13 August 13
AUSTRALIA NEWCASTLE COAL EXPORTS JUMP 30.61 PERCENT ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 30.61 per cent week on week to 2.95 million mt for ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- MS Steel International - UAE
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
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