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22/03/2012

Putting pressure on for payment

Due to local port requirements a ship was required to be escorted through restricted waters into and out of a port by a tug. The owner asked the ship agent to arrange for the tug on their behalf and to invoice them directly. The...

22/03/2012

A lost volume discount

A ship agent was appointed to provide agency services to a fleet of ships.  One of the duties of the agent under the contract was to liaise with the local Canal Authority to make all necessary arrangements for the fleet to...

22/03/2012

Beware the “poor” ship owner!

ITIC has seen a trend of claims against ship managers by ship owners who are facing hard times. As a result of their financial difficulties they resist paying for the full maintenance for the ship and also owing the ship manager...

22/03/2012

Telex release goes wrong

Liner agents frequently have to arrange for cargo to be released against bills of lading surrendered at the loadport – the so called “Telex Release”. This type of release is risky as no bill of lading is collected at the...

27/09/2011

A question of freight – who pays?

Due to various amendments required by the shipper, liner agents at a load port in South America found themselves reissuing an original bill of lading for a consignment of bananas destined for the United Kingdom no less than six...

27/09/2011

Collateral Damage

A US bank instructed a marine surveying company to provide a valuation of a client’s vessel to assess its suitability to be used as collateral for a loan. The bank was to be provided with a preferred ship mortgage by their...

27/09/2011

Newbuilding supervision dispute

A technical management firm appointed a newbuilding supervisor to oversee the building of several chemical carriers. A dispute arose concerning two hulls which were scheduled for delivery in early 2009. In his monthly report for...

27/09/2011

Bad vibrations

A ship manager member of ITIC took on the management of a vessel; one of his duties under the BIMCO Shipman 98 management agreement was to provide crew for and on behalf of the owners. In 2004, whilst the vessel was heading...

27/09/2011

A double booking

A chartering broker arranged a Contract of Affreightment (COA) between a Japanese owner and an American charterer (the first charterer). Under the terms of COA the owner had to offer one ship per month to the first charterer, who...

27/09/2011

Check before answering

A broker was acting for the owner of a vessel trading in the Mediterranean. When considering an offer from charterers, which included the term “time from 1700 Thursday or a day preceding a holiday until 0800 hours next working...

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