Underperformance disputes under time charterparties
This award — London Arbitration 12/14, LMLN, 29 May 2014 — is the latest of a number of court decisions and LMAA arbitration awards dealing with issues that frequently arise in time charterparty underperformance disputes.
The vessel, a 1998-built bulk carrier, performed a winter voyage from the US Atlantic coast to South Korea on an NYPE 1993 time charterparty.
Charterers’ router reported a 50.89-hour time loss (based on a 12.260-knot ‘good weather’ speed net of a 0.2-knot assisting current) and 71mt IFO over-consumption, and Charterers deducted from hire on the basis of these figures…
Click on the link below to read the rest of the Ince & Co briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Briefings from Ince & Co
Surprise: claims for unpaid bunkers under bunker supply contracts are straightforward claims in debt where the passing of property is not required
Also: be specific in tripartite agreements; the right to rely on refund guarantees; and more.