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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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Wednesday, 14 March 12
GLOBAL THERMAL TRADE FLOW CHANGES WILL ENSURE SECURITY OF THERMAL COAL SUPPLY, ALBEIT AT A HIGH PRICE - WOOD MACKENZIE
Wood Mackenzie Says Global Thermal Trade Flow Changes Will Ensure Security of Thermal Coal Supply, Albeit At a High Price Seaborne thermal demand by ...
Wednesday, 14 March 12
COKAL TAKES ANOTHER STEP IN DEVELOPING INFRASTRUCTURE TO FACILITATE METALLURGICAL COAL PRODUCTION
Global coal group, Cokal Limited (ASX-CKA), has signed Memorandums of Understanding (MoU’s) to develop two river ports and two small scale coa ...
Tuesday, 13 March 12
CLARIFICATION OF GR 24 OF 2012 REQUIRING DIVESTMENT OF FOREIGN OWNERSHIP OVER TIME
ASX Announcement
Global metallurgical coal group, Cokal Limited (ASX-CKA), is responding to the recent announcement of the Indonesian Ministry of ...
Tuesday, 13 March 12
EUROPEAN COAL CONTANGO: FURTHER STEEPNESS REQUIRED TO MAKE LARGE SCALE PHYSICAL TIME SPREAD ARBITRAGE MORE ATTRACTIVE - MISWIN MAHESH, BARCLAYS CAPITAL
COALspot.com - "With the contango between the Y+1 and M+1 ARA delivered contract now averaging above the $14/t level, there is an increasing in ...
Monday, 12 March 12
DELTA DUNIA 1M OVERBURDEN DROPS 3.1% - INSIDER STORIES
Insider Stories reported that, Indonesia's second largest coal mining contractor PT Delta Dunia Makmur Tbk (DOID) reported a 25 million bank ...
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Showing 4806 to 4810 news of total 6871 |
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- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Planning Commission, India
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Australian Coal Association
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
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