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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, 07 March 12
3RD MOZAMBIQUE COAL CONFERENCE
3rd Mozambique Coal Conference
2-4 July 2012 | Joaquim Chissano International Conference Centre , Maputo, Mozambique
http://www.immevents.com/mo ...
Wednesday, 07 March 12
DRY BULK MARKET KEEPS UP TIMID REBOUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its rising momentum yesterday, rising for the eighth straight session, on the back of renewed demand for smaller bulk c ...
Wednesday, 07 March 12
BUKIT ASAM EYES 39% RISE IN COAL SALES - INSIDER STORIES
Insider Stories reported that, PT Bukit Asam Tbk is scouting a 39% increase in coal sales volume to 18.66 million tons this year from last year with ...
Wednesday, 07 March 12
PETROSEA SEALS US$188 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, coal mining contractor PT Petrosea Tbk has secured a US$188 million additional contract from its affiliated firm PT S ...
Monday, 05 March 12
SOUTHGOBI ANNOUNCES AGREEMENT TO SELL ITS THERMAL COAL TSAGAAN TOLGOI DEPOSIT FOR US$ 30 MILLION
SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) announced today an agreement to sell its thermal coal property, the Tsagaan Tolgoi Deposit to Modun Re ...
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- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Minerals Council of Australia
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Siam City Cement - Thailand
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
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