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Results: 1-10 of 264

Is payment of time charter hire a condition? “The Astra” re-considered

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • March 26 2015

In Kuwait Rocks Co v AMB Bulkcarriers Inc (The Astra) (as reported in a previous post), the court determined that the obligation to make punctual

Loss of cargo due to piracy held not to be an “in-transit loss”

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • March 5 2015

The subject vessel was chartered to carry a cargo of oil from Abidjan, Ivory Coast to Lagos, Nigeria. Clause 46 of the charter (on an amended BPVOY3

Court considers the documents required to be supplied in support of a demurrage claim under BPVOY4

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • March 2 2015

Owners and Charterers had entered into a voyage charter on the BPVOY4 form. The charter contained the following provisions: Clause 19.7.1: demurrage

What is your broker up to? Broker found to have authority to enter into a fixture and guarantee

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • February 27 2015

After extensive negotiations, London brokers fixed a 10-year charterparty on behalf of their principals, the Charterers. The Charterers were named as

Owners’ demurrage claim succeeds where Charterers fail to bring themselves within a force majeure clause

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • February 16 2015

A vessel was chartered for one voyage from “1-2 load berth chop always afloat Santander” to a port in the UK. Charterers ordered the vessel to load

High Court rules on inconsistency in charterparty arbitration clauses and applicable curial law

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • February 16 2015

The Respondent Owners chartered their vessel to the Claimant Charterers by a fixture note, clause 23 of which stated, “ARBITRATION: ARBITRATION TO BE

Owners held not liable under charterparties signed by manager in breach of implied warranty of authority

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • January 30 2015

The claimant had chartered four vessels, the charterparties for which had been signed by the vessels’ commercial manager. Each charterparty contained

“Ocean Victory” Court of Appeal decision

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • January 30 2015

In Gard Marine & Energy Ltd v China National Chartering Co Ltd (Rev 1) 2015 EWCA Civ 16, the Appellant sub-charterers appealed the 2013 judgment of

“Ocean Victory”: Court of Appeal reverses first instance decision

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • January 26 2015

In a previous post, we commented on the High Court’s decision in Gard Marine & Energy Ltd v China National Chartering Co Ltd (The “Ocean Victory”

Court considers nature of the breach and consequent measure of damages in “early redelivery” case

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • January 22 2015

The vessel was chartered on an amended NYPE form for a minimum of four months and a maximum of five months, plus 15 days in Charterers’ option. Hire