Parcel problems

A shipbroker was arranging a fixture involving the loading of a variety of parcels.

Various permutations of parcels and holds were discussed during the negotiations. Although the quantities set out in the recap were 2 parcels of 6,000MT and 1 parcel of 2,600MT (a total amount f 14,600 MT) the broker had become confused during the discussions and the cargo had been described to the owners as being a total of 15,600MT. The owners had used that quantity as the basis for calculating the freight rate. The charterers eventually loaded 14,900 MT, but the owners invoiced or the full 15,600MT.

The shipbroker had to pay the freight difference of US$ 30,638 which was reimbursed by ITIC.

Date: 08/10/2019

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