Jul 9, 20232 minFoulingHull cleaning by owners after redelivery - at charterers' time & expense?Hull fouling clauses in charterparties often state that ‘underwater cleaning of hull is always at charterers' time and expense’. What is...
Mar 29, 20224 minGHGWhat is CII all about?EEXI is the ticket to the game, while CII is all about playing the game. Either win or try to survive. A loss would mean your ship can't...
Mar 28, 20221 minLaytime / demurrageDemurrage compensates only for lost freight?If laytime is exceeded, demurrage kicks in to compensate a shipowner for the loss of prospective freight earnings. But is that all...
Nov 18, 20212 minVoyage charterNotice of Readiness (NOR) and what is an 'arrived ship'Can charterer’s obligation to provide for a berth upon vessel’s arrival be triggered without the Master tendering notice of readiness?...
Nov 1, 20212 minLOCLetters of Credit, Bank's duties & UCP 500In international trade, a Letter of Credit (LOC) is used to negate the risk of non-payment for goods by the buyer to the seller. Release...
Sep 26, 20211 minHire relatedBaltic Exchange changing its benchmark vessel impacts hire payment?If the Baltic Exchange alters the published rate scheme by changing the benchmark vessel during the currency of charter then hire...
May 9, 20211 minSale contractsMickey mouse nominations & sale contractsIf an FOB buyer makes a mickey mouse nomination, i.e. nominates a vessel that obviously cannot reach the load port in time, then is it a...
Dec 31, 20201 minVoyage charterLaytime stops if discharge is delayed by government interferences?Submitting false documents for clearance of cargo is never a good idea. In the case of The Muammer Yagci [2018], it led to a 4.5 month...
Dec 31, 20201 minBill of ladingShippers, unpaid freight & switch B/LsUnpaid freight and switch bills of lading – does the original shipper cease to be liable? llawarra Fortune was voyage chartered by...
Dec 31, 20201 minGAPiracy ransom & GA contribution by B/L holdersGeneral average is a well known [ancient] concept and cargo owners are always looking at [novel] ways to avoid paying their contribution....
Mar 29, 20201 minBunkersPayment for bunkers not remitted down the C/P chain - a risk for ownersIt is common to have a string of contracts in the bunker supply chain, which creates a risk of ship being arrested if the payment for...
Dec 31, 20191 minLimitation of liabilitySuppliers & contractual limitation of liabilityCan suppliers of marine spare parts rely on the contractual limitation of liability? Well, it depends a lot on the law of the place where...