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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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Wednesday, 26 July 17
SHIPPIPNG MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
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ESTIMATED WEEKLY U.S. COAL PRODUCTION TOTALED APPROXIMATELY 15.3 MMST; UP 13.5% W/W
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SUPRAMAX: INDO COAL ROUNDS ARE TRADING AROUND MID/HIGH $11K WITH SINGAPORE DELIVERY - FEARNLEYS
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Referring back to a previous Intermodal insight that was written in the first quarter of 2017, the author at the time had claimed that MR tanker ra ...
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Showing 1996 to 2000 news of total 6871 |
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- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- SMC Global Power, Philippines
- Planning Commission, India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- MS Steel International - UAE
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
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