Shipping "notices of readiness'

Shipping lawyers will be watching out for an Appeal Court judgment which focuses on the criteria necessary to render "notices of readiness" notices stating that a vessel has arrived at port and is ready to load or discharge valid. Galaxy Energy International, charterers of the vessel Petr Smidt is appealing against an arbitration award in favour the ship's owners, Novorossiysk Shipping. The arbitrator's award was upheld by Mr Justice Longmore in the Commercial and Admiralty Court in November 1996. But that decision is now being challenged in the Court of Appeal.