Comment and analysis by Reed Smith lawyers on the latest developments in the shipping industry
London Arbitration 18/14
The vessel in question was the subject of two charters on the NYPE 46 form, for one time charter trip under each, with the second charter being in direct continuation of the first.
Performance claims
Clause 128(1) of each charter provided:
“Owners not to be responsible if the vessel under the currency…
London Arbitration 19/14
Two new buildings were let by Owners to Charterers on an amended NYPE form for a period of about 35 months up to 37 months. Hire was to be paid semi-monthly in advance. Clause 55 of the charter allowed Owners to withdraw for non-payment of hire after the expiry of three clear…
This post was written by Richard Gunn and Konstantinos Bachxevanis.
On 24th Oct 2014 in The Longchamp the High Court held that expenses incurred by the Owners of a Vessel hijacked in negotiating the reduction of the ransom demanded by pirates are allowable in GA as a “substitute expense” under Rule F of…
