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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, 15 February 13
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Wednesday, 13 February 13
6TH ANNUAL CBM CONFERENCE
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Tuesday, 12 February 13
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COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
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- Orica Australia Pty. Ltd.
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- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
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- Tata Chemicals Ltd - India
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- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
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- Petrochimia International Co. Ltd.- Taiwan
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- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
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- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
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- Central Electricity Authority - India
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- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
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- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
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- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
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- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
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- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
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- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- White Energy Company Limited
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- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Australian Coal Association
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Minerals Council of Australia
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- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
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- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
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