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. […]
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 […]
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 […]
It was in the case of the Finix [1975] 2 Lloyd’s Rep 415 where the judge decided that if a charter party described the loading or discharging ports as “One safe berth, London” the charter party is a berth charter whereas the words “London, one safe berth” means that the charter party is a port […]
I took another look at the case of The Petr Schmidt (note 1) after discussing it with Andrew Keates of Keates Ferris who was chairing a seminar where I presented a laytime and demurrage module. Andrew ran the Petr Schmidt case for the charterers and even after all this time he is still a little disappointed with […]
I’m just putting my finishing touches to my next course, “Tanker Delays in Ports – How ship, terminal and shore staff can minimise claims for demurrage”. During this course I will be giving delegates my opinion and guidance on when to tender, receive and accept NOR together with other practical points around the operations in […]
Part of Asbatankvoy Clause 8 states If, however, demurrage shall be incurred at ports of loading and/or discharge by reason of fire, explosion, storm or by a strike, lockout, stoppage or restraint of labor or by breakdown of machinery or equipment in or about the plant of the Charterer, supplier, shipper or consignee of the […]