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01/01/2009

A cracked keel

A naval architect was contacted by a company to design a yacht for a race. The yacht was built and sailed over 10,000 miles without fault. However, when the yacht was lifted from the water, several cracks were noticed along the...

01/01/2009

A fruity problem

A cargo of South African grapefruit arrived in a far eastern port. One of the duties of the ship agent was to arrange for a surveyor to go on board and, amongst other things, check that the seals on the hatches were intact. It is...

01/01/2009

Be wary of "first class charterers"

Norwegian shipbrokers were involved in negotiations for a voyage charter. When entering the market, they described the charters as “first class.” It was also alleged that during the negotiations, they made positive...

03/03/2008

The FONASBA quality standard for ship agents and brokers

In order to assist shipowners and operators to identify those agents and brokers that are knowledgeable, have experience, a good financial standing and background and a demonstrable and tangible commitment to quality, FONASBA has...

03/03/2008

When is a major not a major?

A bunker broker received an order from a ship operator for a stem of fuel oil and marine diesel oil. The operator provided the specifications and quoted the bunker clause from the relevant charterparty which stated, “Bunkers to...

03/03/2008

Beware of local laws

Venezuela, in common with many countries, has regulations to protect domestic shipping. Foreign flagged ships can obtain a permit when there is no local tonnage capable of performing the required service within Venezuelan waters....

03/03/2008

A foul up on paper

An FFA broker was negotiating a Panamax contract for December. The negotiations were slightly unusual in that they took place in December, once the month had already started. The principal had done relatively few FFA transactions...

03/03/2008

Unusual demurrage notification

A shipbroker member of ITIC fixed a tanker for a voyage from the Black Sea to Singapore. Delays at the discharge port resulted in a demurrage claim of USD 217,000. The charterparty contained the usual provision that any...

03/03/2008

Settle now or pay later

A bank appointed a surveyor member of ITIC to confirm the value of a vessel under construction and to certify that additional funds could be drawn down during the construction period. The bank confirmed that the role of the...

03/03/2008

The wrong bollards

ITIC’s member designed some bollards to be placed in a north European port. Most of the bollards were welded into position and were satisfactory. A small percentage of the bollards were to be removable for use with roll on roll...

Claims Review

A cracked keel

A fruity problem

Be wary of "first class charterers"

The FONASBA quality standard for ship agents and brokers

When is a major not a major?

Beware of local laws

A foul up on paper

Unusual demurrage notification

Settle now or pay later

The wrong bollards

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