COALspot.com keeps you connected across the coal world
  • SEPTEMBER 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 49.42 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
Baltic ExchangeKNOWLEDGE TO ELEVATE

Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counterpart owners if cargo shippers present bills of lading that record the cargo as being loaded clean on board, even if the shippers could have ascertained that the cargo was in fact damaged at the time of loading.
 
Ince partner Jamila Khan and managing associate Natalie Nielsen lay out the facts of the case. Noble Chartering Inc (the disponent owner) timechartered a vessel from the head owner and then sub-voyage chartered the vessel to Priminds Shipping (HK) Co Ltd (the voyage charterer). Under the voyage charterparty, the vessel loaded a cargo of soya beans in bulk at Santos, Argentina, for discharge at Guangzhou, China. The cargo was loaded by the cargo shipper from a silo via mechanical hoppers.
 
At the discharge port, the cargo receiver discovered that portions of the cargo had suffered heat and mould damage. In order to prevent the arrest of the vessel, the shipowner secured the receiver’s cargo claim and agreed that it would be subject to Chinese law and the jurisdiction of the Chinese courts. The receiver’s cargo claim was litigated in the Chinese courts, who found the shipowner liable to the receiver for $1,086,564.70.
 
The shipowner in turn brought a claim against the disponent owner under the terms of the time charterparty, seeking a contribution of 50% of the sum paid to the receiver. This claim was settled by the disponent owner paying $500,000 to the shipowner.
 
The disponent owner then commenced London arbitration against the voyage charterer under the voyage charterparty, seeking to recover the $500,000 paid to the shipowner and the costs of defending that claim. The disponent owner claimed that they were owed an indemnity for these costs, although there was no express provision in the voyage charterparty providing for such an indemnity.
 
Arbitration findings
 
Following arbitration, the Tribunal’s Award highlighted the facts that the cargo had been damaged by heating caking and by mould; that both types of damage were pre-existing at the time of loading but were not reasonably visible to the Master during loading, so the Master could not have verified the condition of the cargo; and the damage would have been reasonably visible to the shipper at the time of loading.
 
The disponent owner argued that the words “Clean on Board” and “SHIPPED at the Port of Loading in apparent good order and condition” in the draft bill of lading that the shipper provided to the Master for his signature amounted to a representation or warranty by the shipper as to the apparent condition of the cargo at the time of loading. The disponent owners pointed out that the shipper was acting as the voyage charterer’s agent in loading the cargo and said that, by presenting the draft bill of lading in those terms, it had represented that the cargo was in good order when it was loaded – although it was not – and so the voyage charterer owed them an indemnity for the losses caused by the cargo damage.
 
The Court rejected this argument, stating that although the Hague Rules provide an indemnity in respect of information provided by the charterer which is included in the bills of lading (for example, the marks on bales of cargo or the cargo weights), this indemnity did not extend to statements concerning the apparent order and condition of the cargo. The wording relating to the condition of the cargo in the draft bill of lading was not a representation or a warranty by the shipper or voyage charterer, but was instead an invitation to the Master to make a representation of fact about the state of the cargo, in accordance with his own assessment of the cargo’s apparent condition. Accordingly, the Court held that the voyage charterer did not owe an implied indemnity to the disponent owner in relation to the cargo claim.
 
Viewpoint
 
Commented Ms Khan and Ms Nielsen: “Industry observers are unlikely to be surprised by the Court’s ruling in this case, as it has long been understood that it is incumbent on a master to perform his own assessment of the apparent state of the cargo during loading and, if necessary, to clause the bill of lading (despite any “clean” wording in the draft provided by the shippers).
 
“In practice, a master is often not in a position to make an accurate assessment of the condition of the cargo while it is being loaded. Under English law this gives the shipowners a defence under the Hague/Hague-Visby Rules against a claim brought by the cargo receivers. However, due to the global nature of shipping, a shipowner could face a situation where they are obliged to accept the jurisdiction of a local court that does not apply these defences in the same way. In such circumstances, the shipowner will only be able to pass this claim down to their charterers if the charterparty terms permit it, for example by incorporating the terms of the Inter-Club Agreement.
 
“This decision makes it clear that there is no implied indemnity from a charterer to their counterpart owners if their agents (the cargo shippers) present bills of lading that record the cargo as being loaded clean on board, even if the shippers could have ascertained that the cargo was in fact damaged at the time of loading.”
Source: The Baltic Exchange


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 10 September 20
DRY BULK SHIPPING: CHINA'S DEMAND KEEPING THE DRY BULK MARKET GOING - PETER SAND | BIMCO
Overview An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the wo ...


Thursday, 10 September 20
TANKER SHIPPING: FREIGHT RATES BACK AT LOSS-MAKING LEVELS AFTER 12 VERY PROFITABLE MONTHS - BIMCO
Overview A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil product ...


Thursday, 10 September 20
INDIA'S COAL IMPORTS STUMBLE IN AUGUST, RAISING RISK OF SLOW RECOVERY - REFINITIV | BANCHERO COSTA
After posting a mild recovery in July, India's coal imports have stumbled in August as the South Asian nation battles to  restart  it ...


Thursday, 10 September 20
THE FIRST 8 MONTHS OF 2020, INDONESIA EXPORTED 217.4 MLN TONNES OF COAL BASED ON REFINITIV - BANCHERO COSTA
The coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial  electricity  demand  ...


Wednesday, 09 September 20
MARKET INSIGHT - INTERMODAL
The uneventful summer lull which is coming to an end soon has left its stigma on the newbuilding market, which has already been devastated by the g ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6093
News by Category
Popular News
 
Total Members : 27,088
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Vijayanagar Sugar Pvt Ltd - India
  • Permata Bank - Indonesia
  • Bhatia International Limited - India
  • Makarim & Taira - Indonesia
  • New Zealand Coal & Carbon
  • Moodys - Singapore
  • Bank of America
  • Borneo Indobara - Indonesia
  • CIMB Investment Bank - Malaysia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Larsen & Toubro Limited - India
  • ACC Limited - India
  • Surastha Cement
  • Ince & co LLP
  • ASAPP Information Group - India
  • Japan Coal Energy Center
  • Central Java Power - Indonesia
  • Bulk Trading Sa - Switzerland
  • Coal India Limited
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Credit Suisse - India
  • Indian School of Mines
  • Maruti Cements - India
  • Iligan Light & Power Inc, Philippines
  • Electricity Generating Authority of Thailand
  • Alfred C Toepfer International GmbH - Germany
  • Thermax Limited - India
  • Altura Mining Limited, Indonesia
  • Meenaskhi Energy Private Limited - India
  • Arutmin Indonesia
  • World Coal - UK
  • TGV SRAAC LIMITED, India
  • Port Waratah Coal Services - Australia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Thomson Reuters GRC
  • PLN Batubara - Indonesia
  • Ministry of Finance - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Grasim Industreis Ltd - India
  • Sree Jayajothi Cements Limited - India
  • Kartika Selabumi Mining - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Binh Thuan Hamico - Vietnam
  • Gujarat Electricity Regulatory Commission - India
  • Rudhra Energy - India
  • ETA - Dubai
  • Cigading International Bulk Terminal - Indonesia
  • Mechel - Russia
  • McKinsey & Co - India
  • Platou - Singapore
  • Malco - India
  • Oldendorff Carriers - Singapore
  • Indonesian Coal Mining Association
  • Posco Energy - South Korea
  • Thailand Anthracite
  • Orica Mining Services - Indonesia
  • Samsung - South Korea
  • Mitra SK Pvt Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • GVK Power & Infra Limited - India
  • Thiess Contractors Indonesia
  • IEA Clean Coal Centre - UK
  • Coastal Gujarat Power Limited - India
  • Jaiprakash Power Ventures ltd
  • JPMorgan - India
  • Timah Investasi Mineral - Indoneisa
  • Cosco
  • Ambuja Cements Ltd - India
  • SMG Consultants - Indonesia
  • Africa Commodities Group - South Africa
  • Interocean Group of Companies - India
  • Bayan Resources Tbk. - Indonesia
  • Parliament of New Zealand
  • Cemex - Philippines
  • Kaltim Prima Coal - Indonesia
  • Gujarat Sidhee Cement - India
  • EIA - United States
  • Xindia Steels Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • AsiaOL BioFuels Corp., Philippines
  • Ind-Barath Power Infra Limited - India
  • Formosa Plastics Group - Taiwan
  • Chettinad Cement Corporation Ltd - India
  • GNFC Limited - India
  • Price Waterhouse Coopers - Russia
  • Bhoruka Overseas - Indonesia
  • Central Electricity Authority - India
  • Mitsui
  • Bukit Makmur.PT - Indonesia
  • Bhushan Steel Limited - India
  • Mintek Dendrill Indonesia
  • The State Trading Corporation of India Ltd
  • Uttam Galva Steels Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bukit Baiduri Energy - Indonesia
  • Siam City Cement - Thailand
  • Rashtriya Ispat Nigam Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Coeclerici Indonesia
  • Bangkok Bank PCL
  • Antam Resourcindo - Indonesia
  • IOL Indonesia
  • Bank of China, Malaysia
  • Panama Canal Authority
  • Petrochimia International Co. Ltd.- Taiwan
  • Dalmia Cement Bharat India
  • Trasteel International SA, Italy
  • CNBM International Corporation - China
  • Adaro Indonesia
  • Australian Coal Association
  • IBC Asia (S) Pte Ltd
  • MEC Coal - Indonesia
  • Humpuss - Indonesia
  • Ministry of Mines - Canada
  • Kideco Jaya Agung - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Xstrata Coal
  • Cargill India Pvt Ltd
  • Savvy Resources Ltd - HongKong
  • Romanian Commodities Exchange
  • Jorong Barutama Greston.PT - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Freeport Indonesia
  • Core Mineral Indonesia
  • Jindal Steel & Power Ltd - India
  • Gupta Coal India Ltd
  • Economic Council, Georgia
  • TANGEDCO India
  • KPCL - India
  • Idemitsu - Japan
  • Tanito Harum - Indonesia
  • Chamber of Mines of South Africa
  • Global Coal Blending Company Limited - Australia
  • Deloitte Consulting - India
  • Lanco Infratech Ltd - India
  • Karbindo Abesyapradhi - Indoneisa
  • Star Paper Mills Limited - India
  • Qatrana Cement - Jordan
  • Australian Commodity Traders Exchange
  • Globalindo Alam Lestari - Indonesia
  • Adani Power Ltd - India
  • Enel Italy
  • Banpu Public Company Limited - Thailand
  • KEPCO - South Korea
  • Glencore India Pvt. Ltd
  • Indika Energy - Indonesia
  • Kumho Petrochemical, South Korea
  • TRAFIGURA, South Korea
  • ING Bank NV - Singapore
  • Total Coal South Africa
  • TNB Fuel Sdn Bhd - Malaysia
  • Malabar Cements Ltd - India
  • Therma Luzon, Inc, Philippines
  • BRS Brokers - Singapore
  • Inco-Indonesia
  • Aditya Birla Group - India
  • Merrill Lynch Bank
  • Essar Steel Hazira Ltd - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Samtan Co., Ltd - South Korea
  • Cement Manufacturers Association - India
  • KOWEPO - South Korea
  • Indogreen Group - Indonesia
  • Cardiff University - UK
  • DBS Bank - Singapore
  • The Treasury - Australian Government
  • Kobexindo Tractors - Indoneisa
  • GHCL Limited - India
  • Videocon Industries ltd - India
  • U S Energy Resources
  • Barasentosa Lestari - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Mjunction Services Limited - India
  • WorleyParsons
  • Orica Australia Pty. Ltd.
  • Attock Cement Pakistan Limited
  • Pendopo Energi Batubara - Indonesia
  • Cebu Energy, Philippines
  • Salva Resources Pvt Ltd - India
  • Maybank - Singapore
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • CCIC - Indonesia
  • Carbofer General Trading SA - India
  • Krishnapatnam Port Company Ltd. - India
  • Manunggal Multi Energi - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Shenhua Group - China
  • KPMG - USA
  • Maheswari Brothers Coal Limited - India
  • Vitol - Bahrain
  • TNPL - India
  • Inspectorate - India
  • Semirara Mining Corp, Philippines
  • Baramulti Group, Indonesia
  • Maersk Broker
  • Energy Development Corp, Philippines
  • IMC Shipping - Singapore
  • India Bulls Power Limited - India
  • Coalindo Energy - Indonesia
  • GB Group - China
  • BNP Paribas - Singapore
  • Deutsche Bank - India
  • Wood Mackenzie - Singapore
  • Eastern Energy - Thailand
  • Petrosea - Indonesia
  • Goldman Sachs - Singapore
  • Anglo American - United Kingdom
  • Georgia Ports Authority, United States
  • Bangladesh Power Developement Board
  • Riau Bara Harum - Indonesia
  • The India Cements Ltd
  • SRK Consulting
  • Bharathi Cement Corporation - India
  • Billiton Holdings Pty Ltd - Australia
  • bp singapore
  • Sakthi Sugars Limited - India
  • Coal and Oil Company - UAE
  • Merrill Lynch Commodities Europe
  • Aboitiz Power Corporation - Philippines
  • Asian Development Bank
  • Jatenergy - Australia
  • Arch Coal - USA
  • EMO - The Netherlands
  • Siam City Cement PLC, Thailand
  • Sinarmas Energy and Mining - Indonesia
  • Renaissance Capital - South Africa
  • Berau Coal - Indonesia
  • Eastern Coal Council - USA
  • Directorate General of MIneral and Coal - Indonesia
  • Thriveni
  • SASOL - South Africa
  • Sojitz Corporation - Japan
  • Indorama - Singapore
  • UOB Asia (HK) Ltd
  • Kalimantan Lumbung Energi - Indonesia
  • Tamil Nadu electricity Board
  • Standard Chartered Bank - UAE
  • Mitsubishi Corporation
  • Clarksons - UK
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • PetroVietnam Power Coal Import and Supply Company
  • ICICI Bank Limited - India
  • Thai Mozambique Logistica
  • Indonesia Power. PT
  • CESC Limited - India
  • MS Steel International - UAE
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Petron Corporation, Philippines
  • JPower - Japan
  • globalCOAL - UK
  • TeaM Sual Corporation - Philippines
  • SUEK AG - Indonesia
  • Mercator Lines Limited - India
  • European Bulk Services B.V. - Netherlands
  • Vizag Seaport Private Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Sucofindo - Indonesia
  • Latin American Coal - Colombia
  • ANZ Bank - Australia
  • NALCO India
  • Coal Orbis AG
  • London Commodity Brokers - England
  • NTPC Limited - India
  • PowerSource Philippines DevCo
  • Mercuria Energy - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • RBS Sempra - UK
  • APGENCO India
  • Neyveli Lignite Corporation Ltd, - India
  • Argus Media - Singapore
  • Agrawal Coal Company - India
  • Tata Power - India
  • PNOC Exploration Corporation - Philippines
  • Gresik Semen - Indonesia
  • Runge Indonesia
  • Indo Tambangraya Megah - Indonesia
  • South Luzon Thermal Energy Corporation
  • HSBC - Hong Kong
  • Independent Power Producers Association of India
  • Simpson Spence & Young - Indonesia
  • Wilmar Investment Holdings
  • Russian Coal LLC
  • Vale Mozambique
  • SN Aboitiz Power Inc, Philippines
  • Marubeni Corporation - India
  • GN Power Mariveles Coal Plant, Philippines
  • Power Finance Corporation Ltd., India
  • Kepco SPC Power Corporation, Philippines
  • Tata Chemicals Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Shree Cement - India
  • VISA Power Limited - India
  • Kobe Steel Ltd - Japan
  • Minerals Council of Australia
  • CoalTek, United States
  • Intertek Mineral Services - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Metalloyd Limited - United Kingdom
  • Commonwealth Bank - Australia
  • San Jose City I Power Corp, Philippines
  • Vedanta Resources Plc - India
  • Global Business Power Corporation, Philippines
  • The University of Queensland
  • Singapore Mercantile Exchange
  • IHS Mccloskey Coal Group - USA
  • Holcim Trading Pte Ltd - Singapore
  • Heidelberg Cement - Germany
  • OCBC - Singapore
  • SMC Global Power, Philippines
  • Coaltrans Conferences
  • Reliance Power - India
  • GMR Energy Limited - India
  • Ministry of Transport, Egypt
  • Peabody Energy - USA
  • Sindya Power Generating Company Private Ltd
  • Britmindo - Indonesia
  • Edison Trading Spa - Italy
  • Geoservices-GeoAssay Lab
  • Infraline Energy - India
  • Parry Sugars Refinery, India
  • PLN - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • McConnell Dowell - Australia
  • Fearnleys - India
  • PTC India Limited - India
  • Sical Logistics Limited - India
  • Pinang Coal Indonesia
  • World Bank
  • UBS Singapore
  • Platts
  • PetroVietnam
  • Medco Energi Mining Internasional
  • Energy Link Ltd, New Zealand
  • Planning Commission, India
  • Noble Europe Ltd - UK
  • Barclays Capital - USA
  • Indian Oil Corporation Limited
  • Karaikal Port Pvt Ltd - India
  • SGS (Thailand) Limited
  • LBH Netherlands Bv - Netherlands
  • Maharashtra Electricity Regulatory Commission - India
  • International Coal Ventures Pvt Ltd - India
  • White Energy Company Limited
  • Kohat Cement Company Ltd. - Pakistan
  • Meralco Power Generation, Philippines
  • Madhucon Powers Ltd - India
  • Rio Tinto Coal - Australia
  • Global Green Power PLC Corporation, Philippines
  • Asia Cement - Taiwan
  • Straits Asia Resources Limited - Singapore
  • Lafarge - France
  • J M Baxi & Co - India