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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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Monday, 12 November 12
DRILLING COMPLETED AT THE MOORLANDS DEPOSIT, WEST BOWEN PROJECT
Press Release - Cuesta Coal Limited (ASX: CQC) (“Cuesta”) is pleased to announce it has completed its exploration activities at the Moor ...
Monday, 12 November 12
BARGE-LOAD OF 5K TONNES OF COAL FROM THE ADK JOINT VENTURE SHIPPED LAST WEEK
COALspot.com - Orpheus Energy (ASX:OEG) has announced that, it has successfully shipped a 5,000 tonne of ADK thermal coal to an Indonesian trading g ...
Sunday, 11 November 12
AN OPTIMISTIC WEEK FOR INDONESIAN SUB-BIT COAL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 2.08 percent WoW and 1.28 percent DoD on Friday, 9 November ...
Sunday, 11 November 12
THE IRON ORE AND COAL PRICES MOVEMENTS REMAINS LOW - VISTAAR
COALspot.com The market remained soft with all the sectors soft.
The BDI and was down by 4.67 pct closing at 940 points, on Friday 9 Novemb ...
Friday, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking adv ...
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- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
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- Agrawal Coal Company - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
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- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Planning Commission, India
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- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
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- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
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