We publish Newsletters, Circulars and Bulletins on general issues that impact the Chartering Market.
On 5 August 2019 President Trump issued Executive Order 13884 which further expands the scope of US Sanctions against the regime in Venezuela. This has a direct impact on US Companies and Citizens but assets of companies trading with the Venezuelan government are potentially at risk from sanctions; considerable care is recommended if you are contemplating trading with Venezuelan companies…Read More »
On 1 August 2019 India enacted the “Sea Cargo Manifest and Transhipment (Amendment) Regulations 2019”, originally planned for 2018, we understand they have now become effective after an initial postponement. The legislation comes off the back of existing customs legislation and its use is designed to be fully online after registration on the customs system for arriving, departing and also…Read More »
Hull fouling disputes are common place. In 2013 Bimco first developed a clause to transfer responsibility for cleaning onto a charterer in certain situations. It has now published an updated version. The 2019 Clause has been revised to address feedback on use of the clause and set out more clearly the circumstances where the responsibility for hull cleaning passes from…Read More »
Arbitration 13.19 Article A recently published arbitration decision [London Arbitration 13/19] sheds light on how a charterer may, by their conduct, be deemed to have accepted an otherwise invalid NOR. Owners chartered out the vessel on amended Norgrain 89 terms for the carriage of a soya meal and soya bean cargo from Myrtle Grove to Casablanca. The charter contained…Read More »
Given the number of queries being raised over war risks and the position in the Persian Gulf we have produced a Q&A that provides answers to the most frequent questions raised. What are the JWC Limits? What constitutes a high‐risk zone under most Hull War Insurance policies is set by the Joint War Committee (“JWC”). Located in London, the…Read More »
JWC Amendment to Listed Areas Circular to Assureds (no 001 2019) 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 17 May 2019. The full text of the current JWC Listed Areas Summary as at 17 May 2019 incorporating these changes is…Read More »
Charterers have successfully defended a claim by owners for USD 4,500,000 of hire following Eleni P’s seven month detention at the hands of Somali pirates. The Commercial Court rejected Owners’ Section 69 appeal against the arbitration award but disagreed with some the Tribunal’s reasoning. The Eleni P was taken by pirates in the Arabian Sea in 2009, following transit…Read More »
A valiant attempt to circumvent a deck cargo exclusion clause has recently been heard in the Commercial Court under reference, Aprile SpA and Others v Elin Maritime Ltd (The “Elin”)  EWHC 1001 (Comm) Cargo interests brought a claim against the owners of the vessel following the loss of a deck cargo overboard in heavy seas, alleging: the…Read More »
Effective 1 May 2019 the High Risk Area (HRA) as defined by the Round Table of international shipping organisations (which includes BIMCO, International Chamber of Shipping and others) have reduced the HRA to reflect the changing position regarding piracy in the region. The map below shows an approximate view of the new co-ordinates. The new Co-Ordinates are: In…Read More »
By Stephen Mann, London Office At the Charterers’ Club we deal with a lot of small and medium-sized claims under our FDD cover, commonly of the nature of final hire statement balances under time charters, and freight or demurrage claims under voyage charters. Basically - what cash balance is payable by one party to the other at the conclusion of a…Read More »
South Africa: Effective implementation of IMO 2020 0.50% Sulphur Cap and Fuel Oil Non Availability Report (FONAR)
South African lawyers, Shepstone & Wylie, have sent us an interesting report dealing with the implementation of the new MARPOL low sulphur regulations in this country. Assureds are requested to contact the Club for any additional information concerning this matter. “The South African Maritime Safety Authority (“SAMSA”) has recently published two Marine Notices, being numbers: 8 of 2019, to advise…Read More »
The MECO Group, Managers of the Charterers P&I Club, has had a busy few months. At the end of last year, we purchased a P&I provider specialising in insuring small craft called Carina from Tindall Riley, the Managers of the Britannia P&I Club. The acquisition of Carina complements our current product range with economies of scale and synergies across…Read More »
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