I am often asked how a demurrage rate is determined in a charter party. I reply that it is similar to fixing the freight rate but there are some differences. How is the freight rate agreed? This is determined by two factors; the size of the vessel and the state of the market. Most freight […]
In May I attended the 11th International Conference on Tanker Demurrage and here is my account of what what went on. I have attended almost all of these conferences since they started and I think this was one of the best amongst them for the content and quality of speakers. David Clark, lawyer at Waltons […]
Wibon, wipon and ‘time lost waiting for berth’ My background is very much in the tanker world but I have become more conversant with dry cargo in recent years since some of the lectures I do cover both sides of the business. Clearly a lot of the case law we work from in the tankers […]
I remember how difficult it is to get out of the office but if you can spare the time there are two events next week that are well worth attending. No let me be clearer – why don’t you make time to attend and you can hear the latest thinking and join in the debates. […]
This post first appeared in the May 2013 Asdem Newsletter. To see this Newsletter please go to www.asdem.co.uk and look for the ‘Newsletters’ tab In March I wrote a blog (www.hubse.com) about the changes to the pumping clause in ExxonMobil VOY2012 where, in an interesting move, the pumping clause has been changed so that it is now incumbent on Owners […]
Oh how your heart sinks when you realise you’ve missed a time bar! We see those cases that hit the courts where a missing document such as an NOR or a pumping log can make a difference and I’m sure we will continue to see more of those disputes in the future. What about missing […]
WARNING – I have rewritten this post – my original was based on ExxonMobil VOY2012 version 1.0. The latest and only official version of ExxonMobil VOY2012 is version 2.0 dated March 21 2012 which I’ve only just discovered myself. There’s not a great deal of difference between the two but the pumping clause is slightly […]
This phrase, or something similar, is often found in detention and deviation clauses. It is often seen in additional port clauses which are added to charter parties where lump sum freight has been agreed. With the cost of bunkers rising dramatically over the last few years bunker costs are a substantial chunk of Owners’ running […]
You will notice some changes to the look of this blog – here’s what we’ve done and why. WordPress is no more. WordPress has served us well but we are changing the hosting of the blog as part of our ongoing upgrade to our www.hubse.com website. I hope you like the new layout – I […]
It’s that time of the year when we look back on 2012 and start thinking about our targets for 2013. Management are very keen on giving everyone Key Performance Indicators which are often used to determine pay and bonuses. KPIs drive behaviours so be careful what you wish for. Several years ago there was a […]