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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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Tuesday, 03 July 12
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DRY BULK DEMAND TO RISE TO 3.6 BILLION TONNES IN 2012, BUT NEW BUILDING DELIVERIES ARE
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Sunday, 01 July 12
AUSTRALIAS CARBON TAX - SUNIL K KUMBHAT
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- Edison Trading Spa - Italy
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- Planning Commission, India
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- The Treasury - Australian Government
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- Ambuja Cements Ltd - India
- White Energy Company Limited
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
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- Wood Mackenzie - Singapore
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- Essar Steel Hazira Ltd - India
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- Indian Oil Corporation Limited
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- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
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- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
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- Salva Resources Pvt Ltd - India
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- Pendopo Energi Batubara - Indonesia
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- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
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- Timah Investasi Mineral - Indoneisa
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- GN Power Mariveles Coal Plant, Philippines
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- Chettinad Cement Corporation Ltd - India
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- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
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- PTC India Limited - India
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- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
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- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
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- IHS Mccloskey Coal Group - USA
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- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- The University of Queensland
- Samtan Co., Ltd - South Korea
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