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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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Tuesday, 08 August 17
KOMIPO INVITES BIDS FOR 5200 AND 5700 NAR COAL FOR Q4 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 420,000 Metric Tons of Bituminous coal ...
Monday, 07 August 17
INDIA'S THERMAL COAL IMPORTS HAVE FALLEN BY 16% YEAR-ON-YEAR IN THE FIRST FIVE MONTHS OF THIS YEAR
COALspot.com: The second quarter of 2017 was characterized by volatility in the coal market driven by policy measures and weather disruptions say A ...
Monday, 07 August 17
BUMA SIGNED $385 MILLION WORTH OF NEW CONTRACT WITH PT PADA IDI
COALspot.com: PT Delta Dunia Makmur Tbk., has announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into min ...
Monday, 07 August 17
THE SHIPPING INDEXES BOUNCE BACK THIS PAST WEEK
COALspot.com: The Freight market rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positive trend week ove ...
Friday, 04 August 17
U.S. WEEKLY COAL OUTPUT UP 4.4% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 16.1 million short tonn ...
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Showing 1981 to 1985 news of total 6871 |
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- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
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- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- The Treasury - Australian Government
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- Ministry of Mines - Canada
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Planning Commission, India
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Australian Coal Association
- SMG Consultants - Indonesia
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
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- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
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