We publish Newsletters, Circulars and Bulletins on general issues that impact the Chartering Market.
In late January 2019 the US Government strengthened sanctions against Venezuela; this followed disputed elections in the country where the opposition party was thought to have won a majority, but the incumbent party did not relinquish power. The following outlines the position, as we understand it as at 18 February 2019. The US Position The US has strengthened sanctions…Read More »
The MECO Group, its subsidiaries and brands collect relevant information about you to provide insurance cover and/or services that benefits you and to meet our legal obligations. This information includes details such as your name, address and contact details and any other information that about you in connection with the insurance cover and/or services from which you benefit. Your information…Read More »
Our office in Shanghai reports that in accordance with the Marpol Convention, the Chinese Ministry of Transport (MOT) has recently issued a new regulation regarding requirements of emission control areas in Chinese territorial waters which has become effective from 01.01.2019. As per this requirement, China has applied 0.5%m/m standard in emission control areas from 01.01.2019, and then will raise the…Read More »
Home / Publications / Newsletter articles / LONDON ARBITRATION: Charterers P&I Club Assured successfully Claims Indemnity from Voyage Charterer who Misdescribed Cargo in Bill of Lading Date31st January 2019 CategoryNewsletter articles TAGS LONDON ARBITRATION: Charterers P&I Club Assured successfully Claims Indemnity from Voyage Charterer who Misdescribed Cargo in Bill of Lading By Chris Ward, London Office In this article, Chris Ward, a claims executive in…Read More »
Our correspondents in Venezuela, GLOBALPANDI, have sent us the attached update concerning the political, economic and humanitarian crisis in this country. In addition, Assureds should be aware that state owned oil company, Petróleos de Venezuela, S.A. (PdVSA), was yesterday designated by OFAC for operating in the oil sector of the Venezuelan economy and therefore from 28 January 2019 this company…Read More »
Hold Cleaning – Owners’ calculation of damages By Carlos Vazquez In this recent London arbitration, the tribunal was asked to determine whether Owners’ assessment of damages following a breach by the time charterer for failure to redeliver the vessel with clean holds had proper legal basis. The facts The vessel was chartered on an amended NYPE 1946 form to perform…Read More »
By Stephen Mann, Claims Executive, London office Given the rarity of English court decisions on the tricky subject of underperformance (or speed and consumption) claims it is always useful to receive further guidance on this area from London arbitral tribunals. Whilst, it must be borne in mind that strictly speaking arbitration awards are not binding precedent, such awards do allow…Read More »
We refer Assureds to our Circular 2018 003 of 6 November 2018 in which we consider various key questions that have arisen in anticipation of the introduction of the new MARPOL rules. Shortly after (on 10 December 2018) BIMCO published its two awaited clauses dealing with fuel sulphur content obligations under time charterparties in terms of 2020 compliance. The global…Read More »
As between the Terms and Conditions for the respective policy years 2018 and 2019 there have been some minor changes as a result of clausing, grammar or formatting i.e. Clause 4, Section E – in the 2018 version there was an error where A to C was shown whereas it should more correctly be A to D; Clause 11 –…Read More »
Geographical deviation: The English High Court reaffirms the principle of fundamental breach and deviation
In the case Dera Commercial Estate v Derya Inc  EWHC 1673 (Comm) (“Dera v Derya”), the High Court has confirmed the well-known international trade principle that a Carrier will lose the rights and defences afforded by the Hague and Hague-Visby Rules upon a geographical deviation of the vessel thus reinforcing the long-standing belief that such a deviation is to…Read More »
A landmark decision was handed down last week by the UK Supreme Court dealing with the question of burden of proof in the context of cargo damage and The Hague-Visby Rules. In short, a Carrier will not be able to avail itself of the defences and exceptions contained in the H-V Rules if, in addition to raising a prima facie…Read More »
Our correspondents in Singapore have released the below information concerning a recent territorial dispute in the Singapore and Johore Straits, between the littoral States of Singapore and Malaysia. Following the recent Malaysian Attorney General’s Chambers and the Malaysian Marine Department’s declaration of an alteration to the Port Limits for Johore Bahru Port, the MPA of Singapore has responded stating that…Read More »
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