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Dated description
Shipbrokers involved in negotiating period business received a revised description from the owners. The difference was that the original description described the ship as doing “abt 14 knots on abt 32 mt IFO” while the revision added “+ AE 2.6 mt”. Unfortunately, the brokers used the old description when fixing the ship. Over the life of the fixture this led to a claim for US$ 40,000 which was reimbursed by ITIC.
- Date
- 08/10/2019
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