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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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Thursday, 28 September 17
CHINESE GOVERNMENT TO CANCEL DOMESTIC IRON ORE MINING RIGHTS - JEFFREY LANDSBERG
It has been reported that China will cancel roughly one third of its iron ore mining licenses, says Commodore Research & Consultancy in its lat ...
Tuesday, 26 September 17
REDUCING THE RISK OF LIQUEFACTION - IUMI
KNOWLEDGE TO ELEVATE
Liquefaction is a phenomenon that can take place in granular materials, such as soil or fine ore, where the beh ...
Tuesday, 26 September 17
THE CURRENT HIGHS IN THE DRY BULK FREIGHT MARKET WILL SURELY BE SURPASSED AND BY A CONSIDERABLE MARGIN IN THE NEXT YEAR OR SO - GEORGE LAZARIDIS
The Dry Bulk market con!nues to show a strong face amidst the favorable tail winds being seen, which have helped the Bal!c Dry Index inch above the ...
Monday, 25 September 17
CHOICES FOR SHIPPING AS 2020 APPROACHES? - CLARKSONS
Historically, the fuel of choice for the vast majority of large cargo ships has been heavy fuel oil. But in 2020, sulphur oxide emissions will be c ...
Monday, 25 September 17
THE FREIGHT MARKET ROSE IN ALL SEGMENTS EXCEPT PANAMAX WEEK OVER WEEK
COALspot.com: The freight market rose in all segments except Panamax week over week. Mainly Cape has supported to boosted up BDI this past week, BD ...
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Showing 1931 to 1935 news of total 6871 |
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- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Indian Oil Corporation Limited
- Australian Coal Association
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Planning Commission, India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
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