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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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Friday, 19 July 13
U.S.COAL PRODUCTION TOTALED APPROXIMATELY 19.60 MMST WEEK ENDED JULY 13
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 19.60 million short tons (mmst) of ...
Friday, 19 July 13
TNPL IS LOOKING FOR 300 K MT OF 6000 GAD COAL FOR FIVE MONTH
COALspot.com - Tamil Nadu Newsprint & Papers Ltd. , an Indian paper maker, is seeking 300,000 metric tons ± 5% (In 5 shipments about 60,0 ...
Thursday, 18 July 13
3RD ANNUAL FLOATING TERMINALS, INDONESIA
Commercial applications for offshore transshipment facilities
Floating Terminal solutions are increasingly being deployed by miners, independent ...
Thursday, 18 July 13
THE CAPE MARKET APPEARS TO BE HOLDING FIRM - FEARNLEYS AS
Handy
In the Pacific, market maintained similar levels during the week. There is several Indo coal orders in the market, ships passing Singapore fi ...
Thursday, 18 July 13
DRY BULK MARKETS RETAINS RECENT GAINS, MOVES SIDEWAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on moving sideways this week, as evidenced by the latest trends of the industry's benchmark, the Baltic Dry Index (BDI ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- PTC India Limited - India
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
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