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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, 07 March 13
PANAMAX : POSITIVE TREND; CAPESIZE : GRADUALLY SLIDE - FEARNLEYS AS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 22k and Black sea-feast was at USD 12k. The ...
Tuesday, 05 March 13
NEWCASTLE PORT SHIPPED 20.77 PERCENT MORE COAL W/E 4 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,631,562 MT of thermal and coking coal for a week ended 0700 hours 4 March 2013, Newcas ...
Sunday, 03 March 13
INDONESIAN THERMAL COAL SWAPS; CHINA CONTRACTS FALL W-O-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 0.75 percent and CFR South China coal shipment&nbs ...
Sunday, 03 March 13
FREIGHT MARKET FROM INDONESIA EXPECTED TO BE FIRM - VISTAAR
COALspot.com – The freight market has been fairly firm this week except for cape size index.
The BDI was up by 4.64 points closing at 776 p ...
Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
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- Globalindo Alam Lestari - Indonesia
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- Energy Link Ltd, New Zealand
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- Coalindo Energy - Indonesia
- The University of Queensland
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Directorate General of MIneral and Coal - Indonesia
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- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Edison Trading Spa - Italy
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- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Marubeni Corporation - India
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- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
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- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Energy Development Corp, Philippines
- CNBM International Corporation - China
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- Neyveli Lignite Corporation Ltd, - India
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- Karaikal Port Pvt Ltd - India
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- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
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