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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, 12 July 13
U.S. PRODUCED 18.40 MMST COAL WEEK ENDED 6 JULY 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.40 million short tons (mmst) of ...
Thursday, 11 July 13
PANAMAX: PACIFIC ROUND PAY AROUND $6,500/D; ATLANTIC ROUND VOYAGE PAY AROUND US$ 10,000/D - FEARNLEYS AS
Handy
The Feast market is quiet, July date cargoes remain unfixed as there is a gap between what owners aiming and charterers willing to pay. There ...
Wednesday, 10 July 13
DRY BULK MARKET IS STILL STRUGGLING TO SURVIVE - INTERMODAL
COALspot.com : With the first half of the year now behind us and, as expected, most shipping segments in the dry bulk market are struggling to survi ...
Tuesday, 09 July 13
COAL PRICE REMAINS SLUGGISH - TRIMEGAH
COALspot.com - Newcastle coal price has reached US$ 76.30/ton (-15.9% YTD), bringing YTD’13 average to stand at US$ 87.90/ton, 6.80% lower tha ...
Tuesday, 09 July 13
NEWCASTLE COAL EXPORTS JUMP 27.53% ON WEEK TO 2.97 MILLION MT
COALspot.com - Newcastle Coal exports up 27.53% to 2.97 million tons W-o-W.
Newcastle port in Australia has loaded 2,974,715 tons of coal for the ...
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- Coastal Gujarat Power Limited - India
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- Electricity Authority, New Zealand
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- Ministry of Mines - Canada
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- Leighton Contractors Pty Ltd - Australia
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- Attock Cement Pakistan Limited
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- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
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- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
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- Thai Mozambique Logistica
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- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
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- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
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- Standard Chartered Bank - UAE
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- Sindya Power Generating Company Private Ltd
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- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
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- The Treasury - Australian Government
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- Petrochimia International Co. Ltd.- Taiwan
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- Indian Energy Exchange, India
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- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
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- GAC Shipping (India) Pvt Ltd
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- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Australian Coal Association
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- Wilmar Investment Holdings
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- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
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- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
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- Orica Mining Services - Indonesia
- Central Electricity Authority - India
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- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
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- Price Waterhouse Coopers - Russia
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- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
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- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
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