Category: Archive

NYPE -- LATE REDELIVERY -- WHETHER SUBSEQUENT LOST PROFITS WERE FORSEEABLE -- DAMAGES UNDER SUBSEQUENT FIXTURE -- Charterer Award Following the late redelivery of the Vessel from a time charter, Owners were forced to renegotiate their next time charter at a lower rate. Owners claimed $1.3 million in damages and won the dispute. On this appeal by Charterers, the Panel overturned the previous ruling with the simple question "Would an objective person have anticipated such a large loss of profits from the redelivery of a time chartered vessel made nine days late?" The award details the Panel's ruling and settlement.

SHELLTIME 4 -- VESSEL FITNESS FOR SERVICE WHEN REGULATIONS RESTRICTING CARGOES CHANGE -- MARPOL -- SEAWORTHINESS -- Charterer Award Two vessels were contracted for the carriage of fuel oils, but following the fixture, MARPOL regulations were changed, requiring fuel oil to be carried only in double-hulled ships. The Court of Appeal upheld the High Court's decision, and described what changes could have been made to the two vessels to bring them in compliance with the new MARPOL regulations.

ASBATANKVOY -- RESPONSIBILITY FOR "PIER DUES" -- CONFLICTING CLAUSES -- AMENDMENTS -- Charterer Award Although this award focuses on the responsibility for paying pier dues, it is relevant to laytime and demurrage in that the charter party contains two clauses which are in conflict. The Panel determines which clause takes precedence, and explains why.

STEMMOR -- ACCEPTANCE OF NOR -- REVERSIBLE LAYTIME -- TIME COUNTING DURING BUNKERING -- Owner Award The Panel is asked to rule on a variety of topics, including whether or not the failure to reject a NOR means that it is inherently accepted, the nature of "reversible" laytime and how laytime should be calculated for separate parcels, and whether time spent bunkering while waiting for an available berth counts as laytime.