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31/05/2009
Inevitably, recent times have been dominated by the fall in shipping markets. These articles, therefore, mainly reflect the difficulties created by the current economic situation. Many brokers have experienced problems collecting...
In the current market it is inevitable that some principals will simply be disappointed by the broker’s view of what their ship is likely to obtain. The fall in values may create issues due to the terms on which the vessels have...
Peter Clark www.navlaw.com The recently reported Harvey Mullion v. Caverton case, 2008 AMC 2361 (S.D.N.Y. 2008) raises a point of some importance to those engaged in the shipbrokerage...
The current market conditions have led to a number of charterparties being renegotiated. The new business that emerges may simply be at a different hire rate or for a different period. Another common situation is that a new...
The volume of emails received by some shipbrokers is simply staggering. The missing of time sensitive messages, out of the hundreds received daily, is a major source of claims against shipbrokers. The penalty for failing to pass...
The Baltic Exchange and the London Maritime Arbitrators Association ("LMAA") are currently promoting a mediation scheme. Mediation is a form of assisted negotiation and involves the appointment of a mutually acceptable...
02/03/2009
After 133 years, the Regulation 4056/86 which allowed shipping companies to apply common and uniform rates in return for providing reliable services came to an end on 18 October 2008 in Europe. The regulation was based on the...
In response to the fall in global freight rates, ITIC has noticed that some port authorities are attempting to place greater responsibility on local ship agents. We have recently seen one communication from a port authority to...