COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
North P&IKNOWLEDGE 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.

Recent News

Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended  0700 hours 3 December 2012, Newca ...


Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1  2013 delivery gained 2.87 & 0.83 percent MoM and WoW  respectively ...


Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer. The BDI was down 0.37 pct closing at 1,086 ...


Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...


Friday, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped  35,143,587* tons of coal in October 2012. October exports are 19 ...


   894 895 896 897 898   
Showing 4476 to 4480 news of total 6871
News by Category
Popular News
 
Total Members : 28,700
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Cardiff University - UK
  • Peabody Energy - USA
  • KEPCO - South Korea
  • Petron Corporation, Philippines
  • Romanian Commodities Exchange
  • Aboitiz Power Corporation - Philippines
  • SGS (Thailand) Limited
  • Therma Luzon, Inc, Philippines
  • Jindal Steel & Power Ltd - India
  • Edison Trading Spa - Italy
  • South Luzon Thermal Energy Corporation
  • Total Coal South Africa
  • Surastha Cement
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Maharashtra Electricity Regulatory Commission - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Cargill India Pvt Ltd
  • Central Electricity Authority - India
  • Krishnapatnam Port Company Ltd. - India
  • Malco - India
  • Kideco Jaya Agung - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Xstrata Coal
  • Kumho Petrochemical, South Korea
  • Tata Power - India
  • SRK Consulting
  • International Coal Ventures Pvt Ltd - India
  • San Jose City I Power Corp, Philippines
  • Tanito Harum - Indonesia
  • Berau Coal - Indonesia
  • Samsung - South Korea
  • VISA Power Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Bukit Makmur.PT - Indonesia
  • TeaM Sual Corporation - Philippines
  • ACC Limited - India
  • PLN Batubara - Indonesia
  • Banpu Public Company Limited - Thailand
  • Medco Energi Mining Internasional
  • Ministry of Finance - Indonesia
  • Qatrana Cement - Jordan
  • PetroVietnam Power Coal Import and Supply Company
  • Pendopo Energi Batubara - Indonesia
  • India Bulls Power Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Inspectorate - India
  • NTPC Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Sical Logistics Limited - India
  • Tamil Nadu electricity Board
  • Chettinad Cement Corporation Ltd - India
  • Mercator Lines Limited - India
  • Lanco Infratech Ltd - India
  • AsiaOL BioFuels Corp., Philippines
  • Thailand Anthracite
  • GAC Shipping (India) Pvt Ltd
  • Shree Cement - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Singapore Mercantile Exchange
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Formosa Plastics Group - Taiwan
  • OCBC - Singapore
  • Timah Investasi Mineral - Indoneisa
  • ICICI Bank Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • globalCOAL - UK
  • Arutmin Indonesia
  • Indonesia Power. PT
  • Larsen & Toubro Limited - India
  • TGV SRAAC LIMITED, India
  • Australian Coal Association
  • Maheswari Brothers Coal Limited - India
  • IHS Mccloskey Coal Group - USA
  • Kalimantan Lumbung Energi - Indonesia
  • Jatenergy - Australia
  • PNOC Exploration Corporation - Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • Indogreen Group - Indonesia
  • Madhucon Powers Ltd - India
  • ING Bank NV - Singapore
  • Makarim & Taira - Indonesia
  • UOB Asia (HK) Ltd
  • McKinsey & Co - India
  • Miang Besar Coal Terminal - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Indorama - Singapore
  • Planning Commission, India
  • Latin American Coal - Colombia
  • Gujarat Sidhee Cement - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Kartika Selabumi Mining - Indonesia
  • Ince & co LLP
  • Arch Coal - USA
  • Indian Oil Corporation Limited
  • The State Trading Corporation of India Ltd
  • PLN - Indonesia
  • Sucofindo - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Port Waratah Coal Services - Australia
  • Shenhua Group - China
  • CIMB Investment Bank - Malaysia
  • Rudhra Energy - India
  • Deloitte Consulting - India
  • Mitra SK Pvt Ltd - India
  • Carbofer General Trading SA - India
  • GMR Energy Limited - India
  • Bhatia International Limited - India
  • Japan Coal Energy Center
  • Sinarmas Energy and Mining - Indonesia
  • Kobe Steel Ltd - Japan
  • Bharathi Cement Corporation - India
  • Fearnleys - India
  • Jorong Barutama Greston.PT - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Aditya Birla Group - India
  • Coalindo Energy - Indonesia
  • SASOL - South Africa
  • Posco Energy - South Korea
  • Cemex - Philippines
  • Reliance Power - India
  • Bangladesh Power Developement Board
  • MS Steel International - UAE
  • SMG Consultants - Indonesia
  • PetroVietnam
  • UBS Singapore
  • GNFC Limited - India
  • Adani Power Ltd - India
  • DBS Bank - Singapore
  • The University of Queensland
  • Economic Council, Georgia
  • Platts
  • Coastal Gujarat Power Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • New Zealand Coal & Carbon
  • Globalindo Alam Lestari - Indonesia
  • Deutsche Bank - India
  • Coal India Limited
  • Rashtriya Ispat Nigam Limited - India
  • IBC Asia (S) Pte Ltd
  • Bangkok Bank PCL
  • Petrosea - Indonesia
  • JPMorgan - India
  • Asian Development Bank
  • Mintek Dendrill Indonesia
  • McConnell Dowell - Australia
  • Georgia Ports Authority, United States
  • Merrill Lynch Bank
  • Wilmar Investment Holdings
  • Sarangani Energy Corporation, Philippines
  • World Bank
  • Ministry of Transport, Egypt
  • Oldendorff Carriers - Singapore
  • Coeclerici Indonesia
  • Altura Mining Limited, Indonesia
  • Vedanta Resources Plc - India
  • Mjunction Services Limited - India
  • Indian School of Mines
  • Star Paper Mills Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Vizag Seaport Private Limited - India
  • Geoservices-GeoAssay Lab
  • Thriveni
  • Britmindo - Indonesia
  • Mercuria Energy - Indonesia
  • Permata Bank - Indonesia
  • Maybank - Singapore
  • Parry Sugars Refinery, India
  • London Commodity Brokers - England
  • Electricity Authority, New Zealand
  • KPMG - USA
  • Glencore India Pvt. Ltd
  • MEC Coal - Indonesia
  • BNP Paribas - Singapore
  • Anglo American - United Kingdom
  • Gujarat Electricity Regulatory Commission - India
  • Russian Coal LLC
  • Bulk Trading Sa - Switzerland
  • Cosco
  • Infraline Energy - India
  • LBH Netherlands Bv - Netherlands
  • Uttam Galva Steels Limited - India
  • Energy Development Corp, Philippines
  • Toyota Tsusho Corporation, Japan
  • Dalmia Cement Bharat India
  • Baramulti Group, Indonesia
  • HSBC - Hong Kong
  • Central Java Power - Indonesia
  • Pinang Coal Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Straits Asia Resources Limited - Singapore
  • Global Coal Blending Company Limited - Australia
  • Samtan Co., Ltd - South Korea
  • Indian Energy Exchange, India
  • Sindya Power Generating Company Private Ltd
  • ANZ Bank - Australia
  • Semirara Mining Corp, Philippines
  • NALCO India
  • CESC Limited - India
  • Orica Australia Pty. Ltd.
  • Thomson Reuters GRC
  • Asia Cement - Taiwan
  • Bhoruka Overseas - Indonesia
  • Cement Manufacturers Association - India
  • Alfred C Toepfer International GmbH - Germany
  • Malabar Cements Ltd - India
  • Simpson Spence & Young - Indonesia
  • White Energy Company Limited
  • OPG Power Generation Pvt Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • Africa Commodities Group - South Africa
  • Renaissance Capital - South Africa
  • Rio Tinto Coal - Australia
  • Humpuss - Indonesia
  • EMO - The Netherlands
  • bp singapore
  • Cebu Energy, Philippines
  • GB Group - China
  • Savvy Resources Ltd - HongKong
  • Manunggal Multi Energi - Indonesia
  • Minerals Council of Australia
  • Meralco Power Generation, Philippines
  • Karaikal Port Pvt Ltd - India
  • Ambuja Cements Ltd - India
  • Holcim Trading Pte Ltd - Singapore
  • Intertek Mineral Services - Indonesia
  • Barclays Capital - USA
  • Salva Resources Pvt Ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Essar Steel Hazira Ltd - India
  • Ceylon Electricity Board - Sri Lanka
  • IEA Clean Coal Centre - UK
  • Global Green Power PLC Corporation, Philippines
  • Asmin Koalindo Tuhup - Indonesia
  • Inco-Indonesia
  • Adaro Indonesia
  • Videocon Industries ltd - India
  • CCIC - Indonesia
  • Thermax Limited - India
  • Bukit Baiduri Energy - Indonesia
  • APGENCO India
  • CoalTek, United States
  • Mitsubishi Corporation
  • PTC India Limited - India
  • Energy Link Ltd, New Zealand
  • Australian Commodity Traders Exchange
  • Indika Energy - Indonesia
  • EIA - United States
  • Core Mineral Indonesia
  • Bank of America
  • Price Waterhouse Coopers - Russia
  • Vitol - Bahrain
  • SMC Global Power, Philippines
  • Runge Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • The India Cements Ltd
  • Merrill Lynch Commodities Europe
  • U S Energy Resources
  • Parliament of New Zealand
  • TANGEDCO India
  • Sakthi Sugars Limited - India
  • Jaiprakash Power Ventures ltd
  • Argus Media - Singapore
  • Siam City Cement - Thailand
  • WorleyParsons
  • Freeport Indonesia
  • Attock Cement Pakistan Limited
  • Xindia Steels Limited - India
  • Ministry of Mines - Canada
  • KPCL - India
  • ETA - Dubai
  • Iligan Light & Power Inc, Philippines
  • Kobexindo Tractors - Indoneisa
  • Ernst & Young Pvt. Ltd.
  • Ind-Barath Power Infra Limited - India
  • Idemitsu - Japan
  • KOWEPO - South Korea
  • Wood Mackenzie - Singapore
  • ASAPP Information Group - India
  • Mechel - Russia
  • Leighton Contractors Pty Ltd - Australia
  • SUEK AG - Indonesia
  • Chamber of Mines of South Africa
  • Panama Canal Authority
  • Goldman Sachs - Singapore
  • Eastern Energy - Thailand
  • Binh Thuan Hamico - Vietnam
  • GN Power Mariveles Coal Plant, Philippines
  • Barasentosa Lestari - Indonesia
  • Indonesian Coal Mining Association
  • Platou - Singapore
  • IMC Shipping - Singapore
  • Bhushan Steel Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Bank of China, Malaysia
  • J M Baxi & Co - India
  • Coaltrans Conferences
  • BRS Brokers - Singapore
  • Maruti Cements - India
  • Siam City Cement PLC, Thailand
  • Pipit Mutiara Jaya. PT, Indonesia
  • Tata Chemicals Ltd - India
  • Coal and Oil Company - UAE
  • Borneo Indobara - Indonesia
  • Gresik Semen - Indonesia
  • Noble Europe Ltd - UK
  • PowerSource Philippines DevCo
  • The Treasury - Australian Government
  • Riau Bara Harum - Indonesia
  • Lafarge - France
  • Meenaskhi Energy Private Limited - India
  • Antam Resourcindo - Indonesia
  • TRAFIGURA, South Korea
  • Agrawal Coal Company - India
  • Standard Chartered Bank - UAE
  • GVK Power & Infra Limited - India
  • RBS Sempra - UK
  • World Coal - UK
  • GHCL Limited - India
  • Trasteel International SA, Italy
  • Semirara Mining and Power Corporation, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Power Finance Corporation Ltd., India
  • Maersk Broker
  • Marubeni Corporation - India
  • Gupta Coal India Ltd
  • Mitsui
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Heidelberg Cement - Germany
  • Credit Suisse - India
  • Coal Orbis AG
  • Kaltim Prima Coal - Indonesia
  • Interocean Group of Companies - India
  • TNPL - India
  • CNBM International Corporation - China
  • IOL Indonesia
  • JPower - Japan
  • Thai Mozambique Logistica
  • Clarksons - UK
  • Independent Power Producers Association of India
  • Grasim Industreis Ltd - India
  • Sojitz Corporation - Japan
  • Metalloyd Limited - United Kingdom
  • Electricity Generating Authority of Thailand
  • Eastern Coal Council - USA
  • Thiess Contractors Indonesia
  • Commonwealth Bank - Australia
  • Global Business Power Corporation, Philippines
  • Sree Jayajothi Cements Limited - India
  • Enel Italy
  • European Bulk Services B.V. - Netherlands
  • Kohat Cement Company Ltd. - Pakistan
  • Moodys - Singapore
  • Orica Mining Services - Indonesia
  • Vale Mozambique