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02/08/1998

BROKER CUT - OUT

Norwegian ship brokers via a London broker, commenced negotiations for the sale of a tanker to a Greek buyer. Discussions continued for several months until the shipowner went bankrupt and the ship was taken over by a...

02/08/1998

MORE THAN ONE PRINCIPAL? WHO PAYS?

In a recent case, a ship agent in the Far East was nominated by the voyage charterer (a well known trading house) to be the agent for the disponent owner (a well known and reputable shipping company). The agent sent his...

02/08/1998

SEIZURE OF BUNKERS TO RECOVER COMMISSION

Three chartering brokers requested the assistance of the Club to recover US$55,400 commission unpaid by an oil trader. The Club obtained information that the oil trader had another ship on time charter and tracked her to...

02/08/1998

GETTING THERE IN THE END

Where there is no obvious asset, such as a ship or bunkers, then other methods need to be considered. A ship agent was owed US$75,000 by a Greek ship management company which had no obvious assets apart from a hydrofoil...

02/08/1998

HELP US TO HELP YOU!

NOTIFY THE CLUB SOON - the older a debt, the harder it is to collect especially if the ship is sold or the debtor bankrupt. In some countries the statutory time limit for collecting a debt is as little as six...

03/08/1997