A new situation has emerged with the COVID-19 pandemic, resulting to uncertainty on trade among others. In this context, INTERTANKO issued a guide to address charterparties on any questions that may arise.
Following the coronavirus outbreak, Philip Woodroffe Senior Claims Adviser, Lawyer, Arendal gave his insight on Gard, about the impacts of the virus upon the charteparty agreements, identifying several questions that each shipowner may have.
According to a recent statement, BIMCO is now setting up a sounding board, in order to engage a broad group of stakeholders in the process of drafting a sale and leaseback term sheet, as the market continues to expand. It is said that BIMCO is reacting to the booming ship sale and leaseback market by developing a standard term sheet for use by shipowners; leasing companies and lawyers.
In this article, Rebecca Penn-Chambers, Syndicate Executive, Eastern Syndicate, provides an overview regarding common issues surrounding notification of off-specification bunker disputes. As Ms. Penn-Chambers says, bunker quality disputes are not a new phenomenon, but there has been an upward trend in the number of disputes.
The London Maritime Arbitrators Association has released the Arbitration Notice Clause. This clause aims to ensure that notices of arbitration are validly served if the procedure in the clause is followed. The Arbitration Notice Clause provides for the parties to set out e-mail addresses for the service of notices and communications regarding arbitration and should be completed by the parties when concluding a contract.
The UK Chamber of Shipping announced that, with the support of their operators, has developed a ‘Safety Culture Charter’ to promote and adopt a positive Safety Culture within their member organisations, leading from the top down. The initiative aims to reduce the number of accidents and incidents at sea.
ASBATANKVOY, one of the most widely used tanker charter parties in the world, will create the basis when BIMCO and the Association of Ship Brokers & Agents Inc. (ASBA) start to jointly develop a charter party especially for use in the gas tanker trade.
In Eleni Shipping Limited v Transgrain Shipping BV (The Eleni P), Steamship Mutual informs that the Commercial Court considered an appeal under section 69 of the Arbitration Act 1996 by Owners of an award in which the Tribunal rejected Owners’ claim for hire to be paid by Charterers during the period for which the vessel was detained by pirates in the Arabian Sea.
Standard Club published some FAQs about scrubbers, in order to help operators prepare their charterparties for IMO 2020. The FAQs also aim to identify chartering issues arising from IMO 2020, including potential contractual responsibilities and liabilities regarding compliance.
As the West of England P&I Club informs, in a recent case, the Amity, charterers successfully set aside an arbitration award on the basis that owners had not effectively served their notice of arbitration upon charterers since the person to whom owners had sent their arbitration notice did not have actual or implied authority to accept service of proceedings on behalf of charterers.
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