Claims examples

In Ship broking

27/11/2012

Drawing a blank

A shipbroker in Scandinavia was instructed by his principal to confirm re-delivery of a ship to its owners. He sent the notice of re-delivery to the owner’s broker in the Far East by e-mail, and requested confirmation of receipt....

01/01/2003

Tanker broker’s disappearing principal

A tanker broker, who had moved from a large firm to a smaller one, was pleasantly surprised when a charterer client of his former employer approached him asking the broker to take over his account.  The charterer told the...

01/01/2003

Too long a tanker

An error by a chartering broker during charterparty negotations resulted in a large claim.  A chemical tanker was fixed to load a part cargo at a designated berth in a terminal which could only accommodate ships having a...

01/01/2003

The Charterer’s non existent tugs

The broker for a charterer was informed by his principal that he owned tugs, shore facilities and other assets. The broker passed this information to the owner without mentioning that the information had been received direct from...

01/01/2003

Late submission of demurrage payments

The most common claims against tanker brokers involve demurrage statements which have been received by the ship broker, but allegedly, not passed on to the charterers within the time limit set out in the charterparty.  ITIC...

01/11/2005

A BURNT OUT CASE

After a survey on her electrics, a yacht was purchased and taken to a yard to be refurbished. After further inspection, the yard reported that there was in fact substantial damage to her wiring and that a complete rewiring was...

01/11/2005

RIOTOUSLY USEFUL COVER

There are occasions when events outside a ship broker’s control can scupper the hard work which has secured a fixture. A tanker broker fixed a ship on a voyage basis to lift two million barrels of crude oil in Nigeria for...

01/11/2005

Paper-chase

A broker was engaged to arrange two connected transactions in forward freight agreements (FFAs): one was to buy the average of the Panamax indices for the second quarter of the year, and the other was to sell the average of the...

31/03/2005

Arbitrating Commission Claims

THE CLUB has been making increasing use of developments in English law that allow ship brokers to use arbitration to collect unpaid commission. In Nisshan Shipping Co. Ltd v Cleaves & Co., the court ruled that, although the...

31/08/2004

No principals

A ship broker received an approach from a Chinese broker regarding the possibility of fixing ships to carry steel cargoes on behalf of a well-known local steel mill. The ship brokers approached the representatives of a Greek...

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