Comment and analysis by Reed Smith lawyers on the latest developments in the shipping industry
London Arbitration 2/13
The vessel was the subject of a head and sub charter, both of which provided at clause 83 as follows:
“All taxes and/or dues on cargo/freight and/or Charter hire to be for Charterers’ account, except tax and duties levied against the Owners in the country of domicile or ship’s flag.”
Charterers ordered…
London Arbitration 3/13
The vessel was chartered on the NYPE 1996 form, which incorporated the Inter Club Agreement (ICA). Following discharge of a cargo of bagged wheat flour, cargo interests alleged that the cargo was damaged and in part shortlanded, and claimed against Charterers for US$187,000.60. US$134,222.54, i.e. 72%, of the claim related to short…
London Arbitration 1/13
The vessel was chartered on the NYPE form for nine months. Six months into the charter period, Charterers suggested that the vessel be redelivered on completion of its current voyage as they were having difficulty in fixing cargoes. The parties agreed an addendum stating that the vessel would be redelivered early “after…
In Minerva Navigation Inc v Oceana Shipping AG (The “Athena”), the Commercial Court considered the nature of the loss of time which Charterers were required to prove in order to bring the vessel within the off-hire provisions of an amended NYPE 46 charterparty.
Clause 15 of the charterparty provided as follows (with amendments from…
The Commercial Court has considered the true construction and implementation of the CONWARTIME 1993 clause in a time charter on the NYPE form (Pacific Basin IHX Limited v Bulkhandling Handymax AS [2011] EWHC 2862 (Comm)).
The “TRITON LARK” was instructed to carry a cargo from Hamburg to China, via Suez and the Gulf of…
