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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, 25 July 13
CAPESIZE : PACIFIC AND ATLANTIC RATES ARE HOLDING STEADY - FEARNLEYS AS
Handy
The Far East market remains quiet even if some Indo coal trip orders were fed in the market at early this week. Prompt ships passing Singapor ...
Thursday, 25 July 13
SUMMER LULL CHIPPING AWAY RECENT GAINS IN DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In what seems to be establishing as a permanent trend, at least for the time being, the dry bulk market kept on retreating yesterday, even if this r ...
Tuesday, 23 July 13
NEWCASTLE'S COAL EXPORTS CLIMB 17.82% ON WEEK, PORT'S DATA SHOWS
COALspot.com: Newcastle port in Australia has loaded 3,369,865 tons of coal for the week ended 0700 hours 22 July 2013, Newcastle Port Corp. s ...
Monday, 22 July 13
DRY BULK MARKET DIFFICULT TO MAINTAIN POSITIVE DRIVE CLAIMS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has seen a significant recovery in recent weeks, leading most ship classes to earnings above their operating expenses, thus brin ...
Monday, 22 July 13
INDO COAL SWAP FOR AUGUST 13 DELIVERY GAINED ON WEEK BUT LOST ON DAY AND MONTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average August 2013 delivery slightly up on week but fell on day and month on Fri ...
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- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
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- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
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- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
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