Tagged: Jan/Mar 2005

A/S D/S Torm v. Citgo Petroleum Corp. (The “Olga”) – SMA No. 3818, 22 Dec 2003

ASBATANKVOY -- LOADPORT -- BERTH -- DEMURRAGE -- GANGWAY -- Partial Owner Award The Vessel arrived at loadport and tendered NOR, but was forced to wait for the berth to be free. The Owners filed demurrage for this lost time, however, the Charterers wanted to offset this claim with the delays resulting from Vessel unreadiness when berth became free (lack of proper gangway rigging).
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London Arbitration 27/04

SHELLVOY 5 -- ARBITRATION -- CHARTER PARTY -- LAYCAN -- LAYTIME -- EARLY LOADING CLAUSE -- Owner Award This arbitration settles a dispute pertaining to the Shellvoy 5 charter party clause that defines the savings earned by the Charterers if loading ends before laycan begins. The Charterers interpret the clause as crediting their savings from when laytime begins to the beginning of laycan, while the Owners argue that the savings period begins only after the end of the early laytime.
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