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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, 04 April 13
HANDY:QUIET ; PANAMAX: SLOW START; CAPESIZE: LOW ACTIVITIES - FEARNRESEARCH
Handy
The Atlantic markets remain quiet as charterers and owners waiting to see how it moves. The USG-Feast was at USD 20k and Black Sea-Feast was ...
Wednesday, 03 April 13
HBA HAS LOST US$ 1.53 PER MT IN APRIL 2013
COALspot.com - The Indonesian government’s declared coal bench mark price has lost $1.53 / MT in April 2013.
The monthly coal referen ...
Tuesday, 02 April 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 633K MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 3,029,482 tons of thermal and coking coal for week ended 0700 hours 1 April 2013, Newcas ...
Tuesday, 02 April 13
THE GOVERNORS TO TAKE OVER AUTHORITY OF MINING, FORESTRY AND PLANTATION CONCESSIONS
The Indonesian government is planning to transfer the authority of issuing mining, forestry and plantation concessions from municipalities and distr ...
Sunday, 31 March 13
COAL FREIGHTS ARE IN FLAT TO WEAK TREND - VISTAAR
COALspot.com - This freight market after several weeks of firming up seemed to lose steam and this week all the indices were down except for handy s ...
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- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
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- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- ASAPP Information Group - India
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