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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, 08 June 12
NO IMMEDIATE IMPACT ON ADARO'S RATING FROM BEP TRANSACTION - FITCH RATINGS
Fitch Ratings has said that PT Adaro Indonesia's (Adaro, 'BB+'/ Stable) ratings are not immediately affected by its parent PT Adaro Energy Tbk's ...
Thursday, 07 June 12
DRY BULK MARKET FALLS FOR 10 STRAIGHT SESSION ON OVERSUPPLY PROBLEMS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A resurgence of oversupply, coupled with national holidays in various parts of the world has contributed to yet another fall of the dry bulk market ...
Thursday, 07 June 12
COAL EXPORT TAX NOT RATIONAL: MINISTER - THE JAKARTA POST
Trade Minister Gita Wirjawan has criticized as irrational the idea to restrict coal exports by imposing an export tax, According to The Jakarta post ...
Thursday, 07 June 12
BY 2022 PLN IS EXPECTED TO BURN AROUND 125 MILLION TONS OF COAL
COALspot.com - Indonesia's state owned electricity company's (PLN) coal consumption is expected to reach 125.7 million tons by 2012.
Nur Pamudj ...
Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month ...
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Showing 4701 to 4705 news of total 6871 |
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- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- CNBM International Corporation - China
- The University of Queensland
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
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