SCoTA — Quality issues and adjustments to the base price
As those readers familiar with the terms of the Standard Coal Trading Agreement (SCoTA) will know, the weighing/sampling/analysis regime set out in clause 9 of the current version of the SCoTA contract (version 8) will, if followed by the parties, produce analysis results which are binding on the parties and defined as the ‘Binding Results’. This bulletin addresses the position when the Binding Result(s) establishes that the shipment does not comply with contract specification.
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News from Ince & Co
News from The Lawyer
Briefings from Ince & Co
Ince & Co has published the April 2013 edition of its International Trade and Commodities Legal Update.
The Astra: single hire default entitles owners to withdraw and claim loss of profit for remaining charter period
A Commercial Court judge has decided that a failure to pay hire under an NYPE charterparty amounts to a breach of condition, entitling a ship-owner to terminate and seek damages.
Analysis from The Lawyer
Professional indemnity cases keep hitting the court lists as settlement values continue to rise