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An indication of how parties to shipping contracts can incur substantial losses in a fluctuating market, as a result of insufficient attention to contractual detail, is provided in the latest Claims

International Transport Intermediaries Club (ITIC) has reported a case in which a lay-up manager was held liable for a $250,000 contribution to a claim for extensive damage to a vessel whilst in

Members acted as technical and commercial managers for a ship that was on a time charter. The fixture still had about three years to run at a daily hire rate of USD 15,250. The charterparty contained

A cruise ship suffered a breakdown of both main engines due to contaminated lube oil and the owners submitted their claim for US$ 3million to their hull underwriters, who rejected it on the grounds

The chief engineer of a ship was airlifted to a hospital in the Arabian Gulf suffering from appendicitis. The ship manager had to replace him before the ship could sail. A chief engineer with

A surveyor carried out a pre-purchase survey and sea trial on a yacht in the Indian Ocean, and a joint survey to confirm the condition of the vessel prior to handover to the new owner in the

A SHIP MANAGER received a formal notice of claim from a firm of solicitors representing a ship’s engineer. The letter of claim explained that this gentlemen had been employed by the ship manager some

Loss of commission insurance is as essential for shipbrokers as business interruption and loss of profits insurances are to other businesses. The loss caused by, for example, the sinking of a vessel

A layup manager arranged the blanking of sea valves for a vessel going into cold layup. The manager, as agent for the owners, arranged for a contractor to fit internal blanks to the sea valves. The

A naval architect designed a series of motor yachts for a yard. As part of the design contract, they were required to provide a drawing showing the down flooding points of the yacht. This drawing was