We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 12 December 11
DRY BULK MARKET LOOKING FOR BALANCE AS WE ENTER 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
During the past few months, freight rates for dry bulk carriers, especially Capesizes have increased significantly, providing ship owners with a muc ...
Sunday, 11 December 11
THE PANAMAX INDEX ENDED ON POSITIVE DIRECTION - VISTAAR
COALspot.com - The BDI and Cape index continued the upward trend this week also with BDI up by 3.00 pct closing at 1,922 points and Cape index up by ...
Saturday, 10 December 11
MAHAKAM RIVER RESUMES COAL TRANSPORTATION
COALspot.com - East Kalimantan local government has resumed limited coal barging through Mahakam River after two weeks of suspension following the c ...
Friday, 09 December 11
DRY BULK MARKET REBOUNDS ON HEALTHIER DEMAND OUTLOOK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged forward yesterday, at the highest rate of the past couple of weeks, as a result of stonger iron ore demand, backed by lowe ...
Thursday, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...
|
|
|
Showing 4936 to 4940 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- The University of Queensland
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
|
| |
| |
|
