Uncertainties in laytime definitions currently used in charter parties have been addressed in the latest Laytime Definitions of Charter Parties 2013, created by a shipping industry working group ...
The Commercial Court has allowed a charterer's appeal against an arbitral award of over US$840,000 in discharge port ...
The standard charter party laytime definitions known as 'VOYLAYRULES' are being updated to reflect developments in case law & commercial practice. VOYLAYRULES, which are jointly produced by BIMCO, ...
If your business deals with importing or exporting -- whether raw materials or finished products -- you'll probably need to contract for shipping at some point. If you're new to the world of marine ...
In Part 1, we stated that if the charterer goes beyond the laytime it is a breach of the charter party and the party in breach shall be liable to pay damages for such a breach. This liquidated damage ...
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