We publish Newsletters, Circulars and Bulletins on general issues that impact the Chartering Market.
We have earlier this month reported on problems with handling scrap cargoes into Thailand as a result of mis-declared cargoes and fraudulent practices. Mis-declared cargo Currently around 3,000 containers have been inspected, and the majority of them have shown to contain mis-declared cargoes that may not be imported into Thailand under the Basel Convention and local law. Import licenses Secondly,…Read More »
Well the first half of 2018 seems to have positively flown by – a busy and eventful period. The world is certainly in an unusually volatile and unpredictable state; Trump meets Kim, US withdraws from JCPOA and reinstates sanctions against Iran, US and China rattle their trade war sabres, the UK indulgences in a post Brexit identity crisis, but with…Read More »
We have been speaking to clients and friends throughout the community about information dissemination; we are getting very positive feedback on the output that people see from us however its becoming clear that the use of e-mail is only one tool for distribution. Twenty years ago, we were printing and posting our newsletters to 1,500 recipients, the same distribution is…Read More »
Liability for damage arising out of swell conditions at the berth A vessel’s ability to perform cargo operations can be affected by ocean swell. At this time of year, the Club often receives reports of vessels calling at ports in the eastern tropical areas of the Pacific where the vessel’s mooring lines have parted at the berth and this has…Read More »
In the case CLEARLAKE SHIPPING PTE LTD v PRIVOCEAN SHIPPING LTD (2018), the English High Court was asked to consider whether a Master’s negligent decision to demand additional strapping in one of the cargo holds, on the grounds of safety, fell within the exception at section 4(2) of US COGSA, namely “Act, neglect or default of the master… in management…Read More »
The Joint War Committee (JWC) of the IUA and the LMA have reviewed the summary of Listed Areas and an amendment has been made effective 14 June 2018. The Port of Jakarta was deleted effective 14 June 2018, this was the only change. The full text of the current JWC Listed Areas Summary as at 14 June 2018…Read More »
A London arbitration award was recently published covering a number of interesting issues mainly associated with war and piracy and Charterers’ obligation to reimburse Owners in respect of certain costs incurred to trade in dangerous areas. The vessel was chartered on an amended NYPE form. Four different voyages were performed involving certain ports and areas that required payment of additional…Read More »
On 11 May 2018 the English High Court handed down an interesting judgement dealing with the Inter Club Agreement (ICA). Most Assureds using the highly popular New York Produce Exchange Form (NYPE) charter party form will no doubt be familiar with the principles governing the ICA and its success in offering a swift and fair apportionment of liability for cargo…Read More »
On 8 May 2018 the American President announced that the US would cease its participation in the Joint Comprehensive Plan of Action (JCPOA) that the US, EU and other world powers agreed in 2015 (implemented 2016) that eased Sanctions against Iran in return for Iran stopping its Nuclear Weapons programme. Since the implementation date in January 2016 the Club has…Read More »
JCPOA – Sanctions On 8 May 2018 the US announced their intention to withdraw from the JCPOA. We need clarity before we comment further, but we understand that 90 and 180 day wind down provisions have been agreed by the US Treasury Department, so there is at least breathing space whilst the situation unfolds. Prior to JCPOA, the major world…Read More »
STATEMENT OF FACTS Steve Mann, Claims Executive at the Charterers' Club writes on the importance of the Statement of Facts (“SOF”) for Charterers in achieving the maximum financial outcome from any fixture. Bold references below are to relevant English court and arbitration decisions on the subject. The general importance of a SOF SOFs are important documents for many charter purposes…Read More »
With thanks to Freehills for their latest update on the always developing sanctions position from the USA and its impact. Please click here for the full article.Read More »
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