We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 13 April 13
THE FREIGHT MARKETS EXPECTED TO HOLD FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - This freight market firmed up this week and all sectors were up except for Supramax index.
The BDI was up by 1.62 pct closing at 8 ...
Friday, 12 April 13
DRY BULK SHIP OWNERS DEVELOPED NEWFOUND APPETITE FOR BULKERS DURING FIRST QUARTER OF 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's official; more and more ship owners operating in the dry bulk market appear to have developed a newfound optimism in the market's prospects. ...
Thursday, 11 April 13
HANDY: INDO - INDIA NOW BEEN REPORTED AT APS BASIS AT USD 10K+BB 85K - FEARNLEYS
Handy
The Atlantic markets remain with not many cargoes seen this week. The USG-Feast was at USD 18k and Black Sea-Feast was at USD 12k. The Pacifi ...
Thursday, 11 April 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 15.96 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,545,914 tons of thermal and coking coal for week ended 0700 hours 8 April 2013, Newcas ...
Thursday, 11 April 13
TNEB HAS OPENED 4.2 MILLION TONS IMPORTED COAL TENDER
COALspot.com - TANGEDCO, the state run utility TANGEDCO (formerly known as TNEB), Tamil Nadu state owned electricity company has opened bids to purc ...
|
|
|
Showing 4316 to 4320 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- PTC India Limited - India
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Planning Commission, India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Australian Coal Association
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
|
| |
| |
|
