Ship broking claims examples

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

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...

01/03/2007

East Med or East Gulf

A shipbroker fixed a vessel to carry soya from Argentina with a choice of two discharge ranges: Eastern Mediterranean and Middle Eastern Gulf. While the vessel was loading, the receivers advised that the discharge port was...

01/03/2007

Indian tax

A vessel was fixed on voyage basis from one Indian port to another. During negotiations, before the owners made a firm offer on the freight rate, they asked their broker whether Indian freight tax would be the same for cabotage...

01/01/2007

Late arriving sugar

A sugar trader booked a part cargo of 6,000 mt bagged sugar at Durban for Aqaba for on-selling to Iraq, where there was a severe sugar shortage. The charterparty contained the clause “first in/last out” which normally means the...

01/01/2007

Not enough skins

A broker in northern Europe was appointed by the owner to exclusively market a tanker. A voyage charterparty was arranged for the carriage of 20,000 metric tonnes of vegetable oil from the US Gulf to the Mediterranean....

30/09/1993

Fixture on behalf of non-existent or fictitious principal

Chartering brokers fixed a vessel on behalf of charterers in Panama. The vessel was time chartered for a voyage from Far Eastern ports to Arabian Gulf and Red Sea ports. Soon after loading had been completed it became...

30/09/1993

Non-performance of charterparty

Shipbrokers, acting as charterers' brokers, fixed a ship with owners' brokers with laycan 18th/22nd September. On 18th September the owners' brokers advised that the ship would be delayed. There followed a number of...

01/03/1994

Alleged wrongful cancellation of charter party

Brokers were authorised by charterers in South America to fix a ship for a time charter voyage from Uruguay to Peru with a cargo of bagged rice. The charterer stipulated that the ship had to present at the load port by 8th...

01/03/1995

Misdescription of cargo capacity of vessel

A shipbroker Member acted for owners in the fixing of their ship to charterers. Unfortunately, when describing the cargo capacity of the ship, the figure of 119,995 cubic metres was given by the Member, whereas the correct...