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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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Monday, 14 August 17
IN A PARIS AGREEMENT WORLD, COAL WILL MEET GROWING ASIAN ENERGY NEEDS - BENJAMIN SPORTON
When providing 41% of the world’s electricity, 85% of global cement, 74% of the world’s steel and 60% of the world’s aluminum, co ...
Friday, 11 August 17
KOMIPO INVITES COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,280,000 Metric Tons of Bitumino ...
Friday, 11 August 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK, EIA SAYS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 16.1 million short tonn ...
Thursday, 10 August 17
GLOBAL COAL PRODUCTION FELL SIGNIFICANTLY IN 2016 - IEA
COALspot.com: Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in Wor ...
Thursday, 10 August 17
ANOTHER ACTIVE WEEK FOR THE PANAMAXES WITH INCREASING RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax
Both basins have remained fairly flat, could say slightly to the negative. A quiet start of the week in the Pacific with holidays in Sin ...
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Showing 1971 to 1975 news of total 6871 |
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- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
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