1950 results:

A Friday afternoon failure

A ship was fixed for a trip timecharter for two voyages, with an option for a third. In accordance with the recap the option was to be declared by the charterers on completion of loading on the…

Claims clause covers more than demurrage

Claims clause covers more than demurrage

After the conclusion of a voyage, various owner’s claims were submitted by the shipbroker to the charterers within the time allowed (including the costs of shifting, cleaning and demurrage). However…

Twenty Four hours is a long time in a falling market

A shipbroker fixed an extension of a charter in direct continuation. However, the broker working the account had forgotten to include the charterer’s “subject to 24 hours reconfirmation” in the…

The risks involved with Bills of Lading - an ITIC e-learning seminar

As you will see from the examples given in the following paragraphs a mistake in a bill of lading can have wide ranging consequences and produce a variety of claims. The main source of ship agency…

Bills of Lading blunder

In late September, an agent for a major shipping line accepted a booking of industrial solvent. On 10 October the vessel arrived at the loadport but did not complete cargo operations until five days…

Cargo discharge clanger

A ship agent received instructions from a shipper to book eight containers of cargo from Saudi Arabia to Indonesia and issued two bills of lading for the booking. Two weeks later, the agent received…

Forged bills of lading

The shipment of six containers of castor oil, worth USD 270,000, was arranged by a ship agent member of ITIC. The containers were to be transported from India to Antwerp. Unfortunately, the Belgian…

Absolutely bananas

A ship agent overlooked the filing of some customs documentation for two containers of bananas due to be loaded on a ship in the Caribbean. Due to this error, the two containers remained in…

Two channel communication

At the outset of negotiations the principal instructed his broker that they were prepared to pay a daily rate plus a lumpsum for redelivery in the Far East. The principal and the broker were…

Ensure you incorporate your standard terms and conditions

Ensure you incorporate your standard terms and conditions

Shippers of a cargo of wheat instructed a marine surveyor to survey and certify the holds of a bulk carrier as fit for loading. The surveyor issued a certificate of fitness to load and 70,000MT of…